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A two-wheeled electric vehicle with power stored internally in a rechargeable battery is known as an electric motorbike.
The desire for e-motorbikes is primarily driven by growing environmental concerns and traditional motorcycles’ poor fuel economy. To help the market for electric bikes flourish, many governmental organisations have developed new incentive programmes.
The market for electric motorcycles is anticipated to expand as a result of technological advances such as high-speed handling effectiveness, smaller size, greater acceleration, and lighter motors.
Due to rising environmental concerns, the demand for sustainable mobility, and a number of supportive government programmes, particularly in industrialised nations, the market for electric motorbikes has experienced significant expansion.
The UK Electric Motorcycle Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
As part of an initiative co-funded by a government programme, Norton Motorcycles intends to design and manufacture an electric motorbike in the UK that it claims would have “racing performance, touring range, and lightweight handling.”
The venerable British motorcycle manufacturer, now owned by TVS Motor Co. in India, will collaborate on the product’s development with six UK companies, including Delta Cosworth, HiSpeed Ltd., and the University of Warwick.
The UK programme that helps automakers create low-carbon goods awarded the initiative government cash. The initiative is a rare breath of fresh air for the UK automotive sector, which has struggled with dwindling output amid a global trend towards electric mobility.
