The rising cost of petroleum products is one of the major reasons influencing the market for electric motorcycles. The key driver of the market for electric motorcycles is the rising cost of petroleum products.
The rising price of gasoline has already an impact on consumers in developing nations. When compared to traditional vehicles, electrical two-wheelers would be more efficient and have lower operational costs.
Because they break less frequently due to less wear and friction than mechanical models, electronic systems are more effective and robust. In contrast to gasoline-powered vehicles, electric two-wheelers have a longer lifespan and have a smaller environmental impact.
Manufacturers are anticipated to create electric motorcycles with a greater range than the present generation.
In order to supply the Latin American market with intelligent, connected electric motorcycles, Canadian company Damon Motors has established a strategic partnership with Auteco Mobility.
The two businesses want to work together to develop and produce new Damon goods especially for riders in Latin America as well as to sell and support motorcycles bearing the Damon name, including the company’s flagship HyperSport superbike.
Auteco also intends to utilise parts of Damon’s CoPilot safety technology in their own motorcycles using the Victory name. The Damon CoPilot system is the motorcycling industry’s first adaptive 360-degree safety warning system.
The Latin America Electric Motorcycle Battery Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
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