Billion Dollars Market: Electric Motorcycles

Introduction

Electric motorcycles are already gaining popularity in the US. Their market is booming, with over $1 billion in sales expected in 2020. The number of electric motorcycles sold has grown over 222{a5ecc776959f091c949c169bc862f9277bcf9d85da7cccd96cab34960af80885} since 2014 and continues to grow year after year. Electric motorcycles have become so popular that many traditional motorcycle manufacturers have begun selling them alongside their gas-powered bikes. Electric motorcycles offer significant cost savings when compared to traditional gas-powered motorcycles because they require less maintenance and have lower operating costs (electricity is cheaper than gasoline). They can also be charged at home or at work using normal household outlets rather than having to visit a gas station every few days or weeks like you would if you own an internal combustion engine motorcycle (ICE).

Electric motorcycles are already gaining popularity in the US and their market is booming.

Electric motorcycles are already gaining popularity in the US and their market is booming. They have many advantages over gas-powered motorcycles, including lower maintenance costs, better range, and cleaner emissions.

Electric motorcycles also offer a number of other benefits:

• They’re more affordable than gas-powered bikes because they don’t require fuel or oil changes (which can cost hundreds of dollars).
• They’re easier to maintain since they have fewer parts than traditional engines do; this means less time wrenching on your bike when something breaks down!

The number of electric motorcycles sold has grown over 222{a5ecc776959f091c949c169bc862f9277bcf9d85da7cccd96cab34960af80885} since 2014.

The number of electric motorcycles sold has grown over 222{a5ecc776959f091c949c169bc862f9277bcf9d85da7cccd96cab34960af80885} since 2014. In the United States, there were more than 80,000 units sold in 2018 alone–an increase of 21{a5ecc776959f091c949c169bc862f9277bcf9d85da7cccd96cab34960af80885} from the previous year. In Europe, sales have increased by 80{a5ecc776959f091c949c169bc862f9277bcf9d85da7cccd96cab34960af80885} since 2017 and China saw an increase of 76{a5ecc776959f091c949c169bc862f9277bcf9d85da7cccd96cab34960af80885} during the same time period.

The average price of an electric motorcycle is around $8,000.

The average price of an electric motorcycle is around $8,000. While this may seem like a lot of money to spend on a mode of transportation, it’s important to consider that electric motorcycles are more expensive than traditional gas-powered ones because they use more advanced technology.

A traditional gas-powered bike costs around $5,000 and can get up to 150 mpg (miles per gallon). However, an electric motorcycle will cost you about twice as much but only gets 50 mpg–meaning that over time your fuel costs will be higher if you ride an electric bike instead of one powered by gasoline or diesel fuel.

Electric motorcycles offer significant cost savings when compared to traditional gas-powered motorcycles.

Electric motorcycles offer significant cost savings when compared to traditional gas-powered motorcycles. No oil changes, no gas, no maintenance and no smog checks are required for an electric motorcycle. There is also no need for a motorcycle license or insurance costs associated with riding a motorcycle in most states.

Electric motorcycles also have lower emissions than traditional gasoline powered vehicles thanks to their cleaner running motors that don’t rely on fossil fuels like gasoline or diesel fuel.

If you’re thinking about buying a new motorcycle, consider electric!

If you’re thinking about buying a new motorcycle, consider electric! Electric motorcycles are much cheaper to operate than gas-powered motorcycles. The average cost of electricity is much lower than the cost of gasoline, and it’s possible to charge an electric bike at home or at work.

Electric bikes are also quieter and cleaner than gas-powered bikes. They don’t produce any fumes or noise pollution from their engines as they drive around town–the only sound comes from tires rolling over pavement. This makes them great for city driving where traffic congestion can make riding difficult on other types of vehicles like cars or scooters (which often have loud engines).

Conclusion

If you’re thinking about buying a new motorcycle, consider electric! There are many benefits to owning an electric bike, including lower maintenance costs and less noise pollution. With the average price of around $8,000, they’re also cheaper than traditional gas-powered motorcycles which can cost up to $20,000 or more depending on their features. And if those weren’t enough reasons already: