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The market growth of EV Scooters is being driven by factors like high mechanical efficiency, straightforward regenerative braking integration, reduced noise levels, and relatively cheap maintenance costs.
The initial cost of an electric scooter is higher than that of a gas-powered or hybrid vehicle. However, when social alienation becomes more widely recognized, there is a growth in demand for electric scooter adoption.
The growing popularity of electric scooter rental services across a number of countries has raised the need for battery-powered two-wheelers.
The Latin America Electric Scooter 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.
The Yamaha Motor Co., Ltd.’s 2.5 kW class NEO’S electric scooter with a replaceable battery will go on sale in Latin America. The company also intends to roll out the strategy gradually to ASEAN markets.
The NEO’S is a modest yet attractive electric scooter that offers a smooth and nimble performance exclusive to EVs. A new user group is forming in Europe as a result of the transition from car-based to two-wheeled commuting, which is being fueled by modifications to urban systems such as vehicle-free zones, parking issues, and traffic congestion.
In the future, demand for electric scooters in the similar 2.5 kW class is anticipated to increase as the conventional user base for 50 cm3 scooters switches to electric alternatives.
The NEO’S is designed to meet the demands of the European market for electric scooters, and the actual model will be produced by group business Yamaha Motor Vietnam Co. Ltd.
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