The global market for electric two-wheelers, including electric bicycles, electric motorcycles, and electric scooters, is experiencing significant growth due to a range of factors, including increasing environmental concerns, government incentives, and improvements in battery technology.
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The market is highly competitive, with a large number of players including established companies such as Honda, Yamaha, and BMW, as well as newer entrants such as Lime, Bird, and Spin, which offer electric scooter sharing services.
Asia Pacific is the largest market for electric two-wheelers, driven by high demand in countries such as China and India, where the governments have introduced policies to encourage the adoption of electric vehicles. Europe and North America are also expected to see significant growth in the market due to increasing consumer demand for sustainable transportation options.