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Italy Electric Scooter and Motorcycle Market To Surpass $707.1 Million by 2035, Says P&S Intelligence
Electric scooters witness the highest demand in the Italy electric scooter and motorcycle market, and their sales value will grow at a rate of about 23% till 2025. More power is needed by motorcycles, which means a bigger battery and electric motor are required, thus pushing up their acquisition cost. Furthermore, electric scooters are one of the most-cost-effective options for traveling short distances, thereby pushing e-scooter sales in the country.
The growth in the Italy electric scooter and motorcycle market will be the most rapid in vehicles with a battery of 100 V or more, at a growth rate of around 38%, during the years 2026–2035. The improved mileage and performance of these vehicles will propel their sales in the near future. Moreover, with a lack of charging infrastructure in the country, customers are focusing on EV mileage.
Between the years 1990 and 2019, Italy abridged its emissions by approximately 19%. Its efforts to reduce emissions are inseparably associated with the European Union's policies and recommendations. The European Union recently created a new policy related to the European Climate Law, intended at reducing GHG emissions to a minimum of 55% by the year 2030 from the levels 40 years ago. This is a momentous surge over the preceding goal of a 40% decrease established under the Paris Agreement.
Italy has publicized a novel target for the year 2030 as per the ESR, of a 33% reduction in releases from 2005. These initiatives will help in expanding the growth possibility of the Italy electric scooter and motorcycle market in the years to come, by implementing stringent emission regulations on ICE variants and making people more conscious of climate change.
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Prajneesh Kumar
P&S Intelligence
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