• Bikes for Sale
  • News
  • Buyer’s guide
    • Buy a Motorcycle
    • First Rides & Reviews
    • Specs, Prices & Others
  • Lifestyle
    • Concepts & Custom
    • Electric Motorcycles
    • Events
    • Locals
    • Motorsport
    • Travel
    • Tips & Stories
  • CSR Programme
  • Loan Calculator
imotorbike logo
  • Bikes for Sale
  • News
  • Buyer’s guide
    • Buy a Motorcycle
    • First Rides & Reviews
    • Specs, Prices & Others
  • Lifestyle
    • Concepts & Custom
    • Electric Motorcycles
    • Events
    • Locals
    • Motorsport
    • Travel
    • Tips & Stories
  • CSR Programme
  • Loan Calculator
  • Facebook

  • Instagram

  • X (Twitter)

  • YouTube

  • LinkedIn

  • RSS

News

Electric bike market to worth over RM87 billions by 2024

Electric bike market to worth over RM87 billions by 2024
Bruno Gomes
May 23, 2018

Electric scooters like the BMW C Evolution are boosting the sales of electric two-wheelers faster than expected

In a new report recently published by Global Market Insights, it is said that the global market for electric motorcycle and scooters will be worth over RM87 billions when we reach the year 2024.

According to Global Market Insights, this will happen because of “low noise levels, high mechanical efficiency, easy incorporation of regenerative braking, and relatively economical maintenance costs are among the chief benefits over the conventional internal combustion engines (ICE) which will propel the electric motorcycles & scooters market growth over the forecast timeframe”.

In 2017 scooters dominated the electric market with an 85% share. They are light, easy to use, and offer greater maneuverability to ride in congested areas like in the cities, where traffic is a big problem.

The report also goes on to say that Government incentives to buy electric motorcycles and scooters will boost up the sales of these vehicles, as well as better batteries that will allow longer range and faster charging times.

It seems that the electric two-wheelers are growing even faster than most predicted.

Related Itemselectric motorcyclesfeaturedmarket report
To read the full story
login with google
login with facebook
or
Create an account for free
This won't cost you.
by clicking this button you agree to iMotorbike's visitor agreement
Already have an account? Sign in here
Click here to get notified on every new article
News
May 23, 2018
Bruno Gomes

With more than ten years as a motorcycle journalist, i enjoy everything that has to do with two-wheels. I'm a fan of sport bikes and i prefer riding them on a racetrack, but give me a road filled with corners and good asphalt and i'll be there to have some fun!

Related Itemselectric motorcyclesfeaturedmarket report

More in News

Honda Africa Twin Adventure Sports Review: The Perfect Adventure Bike?

Hazique ZairillJuly 15, 2026
Read More

Top 5 Best 600cc Sportbikes In 2026

Amzar HazeeqJuly 15, 2026
Read More

Vietnam Motorcycle Sales Continue to Grow Despite Shift Towards Electric Mobility

Amzar HazeeqJuly 14, 2026
Read More

Honor Teases Watch 6 Plus Motorcycle Edition

Hazique ZairillJuly 14, 2026
Read More

Top 5 Best Superbikes in Malaysia in The Year 2026

Amzar HazeeqJuly 14, 2026
Read More

Shark Unveils Skwal Cup Eric Granado Replica Helmet Inspired by Brazilian Racing Star

Amzar HazeeqJuly 14, 2026
Read More

Waze Introduces Gemini AI Features and New Motorcycle Navigation Mode

Hazique ZairillJuly 14, 2026
Read More

Kasma Daniel Claims Home Victory in MSBK1000 Race 2 at Sepang

Amzar HazeeqJuly 14, 2026
Read More

Valentino Rossi Reunites with Yamaha at Goodwood Festival of Speed

Hazique ZairillJuly 14, 2026
Read More

Top 5 Commuter Motorcycles That Are Available at iMotorbike Penang

Amzar HazeeqJuly 14, 2026
Read More

Ducati Secures Historic 22nd WorldSBK Manufacturers’ Title

Amzar HazeeqJuly 13, 2026
Read More

iMotorbike Kicks Off Mid-Year Sale in Penang and Johor

Hazique ZairillJuly 13, 2026
Read More
We want to buy your bike Join us on Instagram
Scroll for more
Tap
@imotorbike.my
  • Popular

  • Latest

  • Comments

  • WMoto Griffin 205 Arrives in Malaysia, Priced at RM8,888
    Buyer's guideJune 19, 2026
  • Malaysia Secures MotoGP Until 2031 After New Five-Year Extension
    EventsJuly 1, 2026
  • Aveta Vanguard 250 SE Review: Packed With Adventure Features
    Buyer's guideJune 26, 2026
  • 6 Best Naked Motorcycles To Buy In July 2026
    Buyer's guideJuly 2, 2026
  • Top 6 Scooters Under RM10,000 Available at iMotorbike
    Buyer's guideJune 26, 2026
  • Honda Africa Twin Adventure Sports Review: The Perfect Adventure Bike?
    Buyer's guideJuly 15, 2026
  • Top 5 Best 600cc Sportbikes In 2026
    Buyer's guideJuly 15, 2026
  • Vietnam Motorcycle Sales Continue to Grow Despite Shift Towards Electric Mobility
    IndustryJuly 14, 2026
  • Honor Teases Watch 6 Plus Motorcycle Edition
    Buyer's guideJuly 14, 2026
  • Top 5 Best Superbikes in Malaysia in The Year 2026
    Buyer's guideJuly 14, 2026
  • MV Agusta Lucky Explorer Project 9.5: testing the Schiranna prototype - news.iNthacity: More Top Breaking News and Popular Stories To Stay Informed says:

    […] Michelle Liew […]

  • CFMOTO 450SR to enter Malaysia in March 2023 at RM29,300 - news.iNthacity: More Top Breaking News and Popular Stories To Stay Informed says:

    […] Michelle Liew […]

  • Suzuki V-Strom now available in Malaysia at RM81,900 - news.iNthacity: More Top Breaking News and Popular Stories To Stay Informed says:

    […] Michelle Liew […]

  • Colin says:

    I hope they make the Dax street legal. Love to…

  • Mohd Razi bin Rosli says:

    Adv 150cc

Corporate

About Us
Terms of Use
Privacy Policy
Disclosure Policy
Contact Us
SUBSCRIBE NOW!

2024 iMotorbike World Sdn. Bhd.(1205246-M). All rights reserved.

Honda announces a special Duit Raya Gift
The Monster will be the star of the World Ducati Week
Nak Jual Beli Motor 😊 ?
WhatsApp
Hi iMotorbike 😊
Open chat