TAIWAN Electric Motorcycle Market, By Voltage, 2017-2030

Growth Outlook

• The 2030 portion of the TAIWAN Electric Motorcycle Market, By Voltage, 2017 market is on a steady long-term growth path. Segment value stands at roughly USD 44 Mn in 2026 and is projected to reach USD 49 Mn by 2030 — a gain of about 11% over the forecast period, translating to a CAGR in the low single digits.
• The Taiwanese electric motorcycle market has been on a steady rise over the past few years, and this trend is expected to continue in the coming years. The market is largely driven by the increasing demand for environmentally friendly and energy-efficient transportation options, as well as government policies aimed at promoting electric vehicles.
• What the regional split looks like (2026): 36V leads, holding roughly 44% of segment value — the single largest regional share. 24V is the second-largest contributor. 48V make up the remainder, in descending order.
• By 2030, 36V alone is expected to reach USD 21 Mn, with 24V at USD 19 Mn.

Market Dynamics

The Taiwanese electric motorcycle market has been on a steady rise over the past few years, and this trend is expected to continue in the coming years. The market is largely driven by the increasing demand for environmentally friendly and energy-efficient transportation options, as well as government policies aimed at promoting electric vehicles. One of the key factors influencing the growth of the Taiwanese electric motorcycle market is the emergence of new technologies and innovations in the field. Manufacturers are constantly investing in research and development to improve the range, performance, and affordability of electric motorcycles. This has led to the introduction of advanced batteries, sophisticated motor controllers, and lightweight materials in the production of electric motorcycles. The market is segmented based on voltage into below 48V, 48V-60V, and above 60V. The below 48V segment dominates the market, accounting for the largest share in terms of revenue. This can be attributed to the popularity of low-speed electric motorcycles in Taiwan, which do not require a license or registration, and have lower maintenance costs.

However, the 48V-60V and above 60V segments are also expected to witness significant growth in the coming years due to the increasing demand for higher-powered electric motorcycles with longer ranges. In terms of revenue, the market is projected to witness a significant growth rate from 2017 to 2030. This can be attributed to various factors, including government initiatives promoting the use of electric vehicles, rising concerns about air pollution and carbon emissions, and the increasing availability of charging infrastructure. Additionally, with the continuous decrease in battery costs and the increasing popularity of electric motorcycles among the younger population, the market is expected to witness sustained growth in the coming years. Some of the major players operating in the Taiwanese electric motorcycle market include Gogoro Inc., eROCKIT GmbH, AIMA Technology Co., Ltd., QY Motion Technology Co., Ltd., and NIU Technologies. These companies are investing heavily in expanding their product offerings and distribution networks to meet the growing demand for electric motorcycles in the country. In conclusion, the Taiwanese electric motorcycle market is witnessing a positive growth trajectory and is expected to continue this trend in the forecast period.

The increasing focus on sustainable transportation and advancements in technology will further propel the market's growth in the coming years.

Research Methodology

Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2024.