The European electric two-wheeler market is estimated to grow at a considerable CAGR during the forecast period. The increasing government initiatives and subsidies along with the need to control pollution is the key factor to propel the growth of the European electric-two wheelers market. Under the framework of the Green, Car Initiative started in November 2008, the European economic recovery plan had been presented. Under economic recovery plan, European Commission will support a Europe-wide electromobility initiative, Green eMotion, worth $46.1 million, in partnership with 42 partners from industry, utilities, electric car manufacturers, municipalities, universities and technology, and research institutions. As per the action plan, the European Commission will make $26.7 million available to finance part of the initiative's activities. This initiative is intended to exchange and develop know-how and experience in selected regions within Europe as well as facilitate the market roll-out of electric vehicles in Europe which in turn is expected to drive the European electric two-wheeler vehicle market.

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The market is segmented on the basis of product type and battery type. Based on the product type, the market is sub-segmented into scooter and motorcycle. Based on the battery type,the market is sub-segmented into NiMH, Li-Ion, and others. The decline in cost of li-ion battery and inherent benefits offered by these batteries including smaller size, lighter weight, and higher energy density is anticipated to drive the market share of these batteries.

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European Electric Two-Wheeler Market Segmentation

By Product Type

Scooter

Motorcycle

By Battery Type

NiMH

Li-ion

Others

Regional Analysis

UK

Germany

France

Italy

Spain

Rest of Europe

Company Profiles

AIMA Technology Co., Ltd

Bajaj Auto Ltd.

Electric Mobility Concepts GmbH

Hero Electric Vehicles Pvt. Ltd.

Jiangsu Xinri E-Vehicle Co., Ltd

Mahindra& Mahindra Ltd.

Tork Motors

Ujet S.A.

Yadea Group Holdings Ltd.

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