Australia Electric Two-Wheeler Vehicle Market Assessment, By Vehicle Type [Motorcycle, Scooter/Mopeds], By Battery Type [Lead Acid, Lithium-ion, Others], By Distribution Channel [Online, Offline], By Battery Voltage [Up-to 24V, 25V-60V, 60V and Above], By Application [Commercial, Personal] By Region, Opportunities and Forecast, 2017-2031F

Australia electric two-wheeler vehicle market is projected to observe a CAGR of 11.19% during the forecast period 2024-2031, increasing from USD 252.23 million in 2023 to USD 589.28 million in 2031. The market has experienced significant growth in recent years and is expected to expand in the coming years due to an increase in demand for fuel-efficient vehicles, strict laws and regulations on vehicle emissions, active presence of leading market players, and rising investment by government and private entities in charging infrastructure expansion. The Australian government is significantly planning to ban ICE vehicles and promoting the adoption of electric vehicles to accomplish the goals of zero carbon emissions. In addition, the government is planning to offer free registration for zero-emission vehicles. For instance, until June 2024, all used and new zero-emissions vehicles could benefit from two years of free registration. From 1^st July 2024, the Australian Capital Territory is shifting toward emission-based registration, where ZEV including motorcycles, cars, light commercial vehicles, and others will continue to benefit from reduced registration fees and will be exempt from stamp duty.

Companies in Australia EV market are significantly planning to expand EV charging infrastructure, propelling the Australia electric two-wheeler vehicle market demand in the forecast period. In addition, key participants in the market are investing in advancing the performance of electric two-wheeler vehicles coupled with their EV charging strategies, surging the demand in the Australian market. Different charging infrastructure initiatives and steps of launching new electric vehicles have been undertaken by major players in the market to support the rising demand for electric two-wheeler vehicles across the country.

For instance, in July 2024, Segway Inc. launched a new range of three electric scooters in Australia that featured different safety features to offer an overall better driving experience and address the rising demand for electric two-wheeler vehicles.

Advancement in EV Battery Technology Drives Australia Electric Two-Wheeler Vehicle Market Demand

The advancement in EV battery technology drives the market demand for electric two-wheelers as the battery charges in a shorter time, is safe to operate, and lightweight, coupled with flexible enough to allow vehicle design innovations. The technological advancement in EV batteries enhances EV performance, decreases dependency on scarce materials, and drives down the costs of EV maintenance. In present times, EVs are equipped with lithium-ion batteries that overcome safety issues and offer better driving experience, along with reducing the cost of EVs. Companies in the market are planning to invest in different research and development activities to improve the performance of EV batteries, increase range, extend lifespan, and enable faster charging. Moreover, Australia is looking to collaborate with other countries to expand its presence and accomplish the target of EV sales penetration.

For instance, in September 2022, Australia is looking forward to collaborating with emerging countries including India to produce lithium-ion batteries to expand its presence in the EV segment across the globe.

Rising Awareness About Environmental Sustainability Pushes Electric Two-Wheeler Vehicle Production in Australia

The growing awareness concerning environmental sustainability, rising awareness concerning the benefits of electric two-wheeler vehicles, and supportive government policies, propelling the adoption and production of electric two-wheeler vehicles. In the present period, the government of Australia is working on educating people on the benefits of EVs on the environment and offering multiple incentives along with policies to promote the adoption of electric vehicles. In addition, the demand for electric two-wheelers is rising significantly as they reduce noise pollution as compared to traditional vehicles. Companies in the market are collaborating to reach certain sales milestones and expand their presence globally.

For instance, in July 2023, Ni Hsin EV Tech Sdn. Bhd. announced a collaboration with Vmoto Ltd, an electric motorcycle company, to distribute and assemble Vmoto electric vehicle motorcycle models across Malaysia, and to promote and win market share through business-to-consumer sales.

Government Rules and Policies Drive Australia Electric Two-Wheeler Vehicle Market Growth

The Australian government is framing different policies and regulations to accomplish the goal of zero carbon emissions, driving market growth in Australia. The government has started campaigning to spread awareness concerning the effectiveness of electric two-wheeler vehicles and incentives coupled with relief packages for the production and adoption of electric vehicles. In addition, the government is planning to ban internal combustion engine vehicles and fossil fuel-powered vehicles to promote the adoption of electric vehicles. Furthermore, the government is investing in improving public EV charging infrastructure, fostering the Australia electric two-wheeler vehicle market demand.

For instance, in 2022, the Australian government announced an investment of USD 39.3 million to help provide 117 EV chargers on the foremost highway routes in Australia.

Electric Scooter Registers the Largest Australia Electric Two-Wheeler Vehicle Market Share

Electric scooter dominates the largest market share of Australia electric two-wheeler market due to rising popularity for commercial use including deliveries, short travels, and increased air pollution concerns. Companies in the market are efficiently enhancing the functioning of electric scooters to address the rising demand for high-performance electric scooters. Additionally, the electric scooter demand in the Australian market is increasing as they are efficiently designed with advanced safety features including electric bike headlights, dual front suspension, a phone holder, and triple brakes. Key participants in the market are planning to launch electric scooters with different advanced features to address the rising demand for electric scooters and offer safe, convenient, and environmentally friendly services.

For instance, in March 2023, Neuron Mobility announced that it had been chosen to provide e-scooters in the City of Perth, Australia, being a part of a two-year trial. On 18^th March 2023, the trial introduced 250 Neuron’s safety-first e-scooters to travel surrounding suburbs such as Northbridge, Crawley, and East Perth.

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Lithium-ion Batteries is Anticipated to Register the Largest Market Share

Lithium-ion batteries are projected to dominate the largest share of the market as these batteries are less effective in polluting the environment and more energy-efficient. The demand for lithium-ion batteries is projected to rise as they generate less noise and air pollution and contribute to better environmental conditions. Also, these batteries are estimated to be effective in two-wheelers due to their lifespan, performance, and weight. Companies are launching high-performance lithium-ion batteries and announcing investments in establishing new manufacturing facilities to produce lithium-ion batteries.

For instance, in January 2023, Recharge Industries Pty, an Australia-based start-up, announced to build USD 210 million China-free lithium-ion battery plant to power the next 100 years goal and expand domestic clean energy manufacturing capacity to help drive the shift from fossil fuel.

Future Market Scenario (2024 – 2031F)

1. A significant innovation in the technology of electric two-wheeler vehicles is projected to drive the Australian market of E2W.
2. Rising awareness concerning sustainable transportation and increase in demand for E2W are estimated to increase the demand for electric vehicles including two-wheelers.
3. Government favorable rules, policies, incentives, and subsidies on purchase and sales of electric vehicles is fostering the growth of Australia electric two-wheeler vehicle market.
4. Increase in per capita income and rapid shift toward electrification is propelling the demand for electric vehicles including two-wheeler in Australia.

Report Scope

“Australia Electric Two-Wheeler Vehicle Market Assessment, Opportunities and Forecast, 2017-2031F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of Australia electric two-wheeler vehicle market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.

Report Attribute	Details
Base Year of the Analysis	2023
Historical Period	2017-2022
Forecast Period	2024-2031
Projected Growth Rate	CAGR of 11.19% between 2024 and 2031
Revenue Forecast in 2031	USD 589.28 million
Segments Covered	Vehicle Type, Battery Type, Distribution Channel, Battery Voltage, Application
Regions Covered	Western Australia, Northern Territory, Queensland, South Australia, New South Wales, Rest of Australia
Key Companies Profile	Ather Energy Private Limited, Vmoto Ltd., Yadea Group Holdings Ltd., AIMA Technology Group Co., Ltd., Australian Electric Motor Co, Piaggio & C. S.p.A., Zero Motorcycles, Inc., Hero Electric Vehicles Pvt. Ltd., Dyson bikes, Savic Motorcycles Pty. Ltd.
Customization Scope	15% free report customization with purchase
Pricing and Purchase Options	Avail the customized purchase options to fulfill your precise research needs
Delivery Format	PDF and Excel through email (subject to the license purchased)

In the report, Australia electric two-wheeler vehicle market has been segmented into the following categories: 

• By Vehicle Type
  • Motorcycle
  • Scooter/Mopeds
• By Battery Type
  • Lead Acid
  • Lithium-ion
  • Others
• By Distribution Channel
  • Online
  • Offline
• By Battery Voltage
  • Up-to 24V
  • 25V-60V
  • 60V and Above
• By Application
• Commercial
• Personal
• By Region
  • Western Australia
  • Northern Territory
  • Queensland
  • South Australia
  • New South Wales
  • Rest of Australia

Key Players Landscape and Outlook

Companies in the Australia electric two-wheeler vehicle market are efficiently investing in different research and development activities to improve the performance of E2W. Companies in the market are planning to establish manufacturing facilities to increase the units of electric vehicles including two-wheelers. In addition, key participants are enhancing the features of E2W by integrating different features to address the rising demand for sustainable transportation. Furthermore, companies are adopting different growth strategies including joint ventures, new product launches, amalgamation, collaboration, partnership, and others to expand their footprint and product portfolio.

Piaggio & C. S.p.A. is offering the best electric two-wheelers that offer significantly increased power and torque for a more responsive ride and outstanding performance.

Key Players Operating in Australia Electric Two-Wheeler Vehicle Market are:

• Ather Energy Private Limited
• Vmoto Ltd.
• Yadea Group Holdings Ltd.
• AIMA Technology Group Co., Ltd.
• Australian Electric Motor Co
• Piaggio & C. S.p.A.
• Zero Motorcycles, Inc.
• Hero Electric Vehicles Pvt. Ltd. 
• Dyson Bikes
• Savic Motorcycles Pty. Ltd.

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