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Electric motorbikes are two-wheeled vehicles that use electricity to generate mechanical energy instead of petrol, as is obvious from the name.
Motorcycles that run on electricity are rechargeable and environmentally beneficial. Electric motorcycles, are constructed using strong metal and fibre frames coupled with mechanical and electronic components.
The importance of electric motorcycles is rising as environmental conservation concerns and difficulties become more prevalent. In emerging economies, the adoption of electric motorcycles is still relatively modest, although it is increasing.
The Russia 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.
Following the escalating invasion of Ukraine, the American motorcycle manufacturer Harley Davidson has announced the suspension of its activities in Russia.
According to reports, the attack last week has caused more conflict in Europe than any other event since World War II.Along with Harley Davidson, many other Western companies like General Motors and Daimler also made the decision to halt business in Russia.
The company, who oversees 10 showrooms in Russia, is expected to sell its motorcycles in other regions.
With 369 stores under its control, Harley Davidson has its second-largest base in the European Union after the United States. There are now 6 production plants operated by the Canadian auto parts company Magna International (MGTO) in Russia.