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Plug-in electric motorcycles and scooters, which feature two or three wheels, are also known as plug-in electric vehicles. These cars employ rechargeable lead or lithium batteries to store the power they use. Electric motorcycles provide more comfort than gasoline or diesel motorcycles.
Vibration is reduced with electric motorcycles. Electric scooters and motorbikes have witnessed tremendous development as a result of the rising demand for environmentally friendly transportation.
Growing environmental issues, as well as favourable government measures, are driving market expansion. Market growth is also likely to be fueled by rising energy costs and competition among new energy-saving technologies.
Consumer awareness of alternative fuels is expanding, battery technology and R&D efforts are progressing, and manufacturers are focusing on the manufacturing of electric two-wheelers.
The South Korea Electric Motorcycle Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
KT joins with domestic companies to establish a smart transportation company based on electric motorbikes.
Electric motorcycles, which were first launched in South Korea around a decade ago, have been ignored by deliverymen due to their small range.
Clean-energy motorcycles have a maximum range of roughly 100 kilometres (62 miles), but a typical motorbike courier delivery worker travels about 200 kilometres each day. Business to business (B2B) is the target market for the smart mobility company.
KT will construct control centres and a battery-sharing platform, while Daelim and AJ Bike will collaborate on the development of electric motorcycles with detachable battery packs as well as rental infrastructure.
The three businesses want to standardise the battery-sharing platform and push the usage of electric motorcycles aggressively.