Colombia Electric Two-Wheeler Market Overview, 2029

Colombia Electric Two-Wheeler Market Overview, 2029

The electric two-wheeler sector in Argentina is still in its early stages, with yearly sales averaging around 1,000 units, according to motorcyclesdata.com. However, recent advances point to a promising future, notably with the considerable increase in the usage of electric scooters and motorbikes. This increase can be linked to an increasing emphasis on eco-friendly alternatives, which is driven by worries about environmental impact and sustainability. Motorcycle culture is widespread in Argentina, owing to reasons such as cost and mobility in urban traffic. However, there is a clear shift toward electric mobility in this culture. Consumers are growing interested in electric two-wheelers because of its ability to cut pollutants, lower running costs, and provide quieter operation. This trend is part of a larger global drive toward more sustainable modes of transportation. Despite the increased interest in electric two-wheelers, Argentina's drivers face various hurdles. Safety issues remain high, worsened by limited road infrastructure and a lack of understanding about sharing the road with motorbikes and scooters. Furthermore, the scarcity of charging infrastructure is a hurdle for prospective consumers of electric two-wheelers. Addressing these problems will be critical for the market's continued expansion and widespread acceptance of electric mobility solutions.

According to the research report “Argentina Electric Two Wheeler Market Overview, 2029,"" published by Bonafide Research, the Argentina Electric Two Wheeler Market was valued at more than USD 200 Million in 2023. The current landscape is marked by a growing concern for environmental conservation, as well as a major increase in official lobbying for electric vehicles, preparing the electric mobility industry for significant expansion. This combination of elements opens up considerable opportunities for stakeholders interested in electric two-wheelers. Notably, trade exhibitions focused on electric mobility emerge as critical platforms for raising market awareness and increasing sales. These events generate consumer interest and promote adoption rates by displaying technologies and advocating for sustainable transportation alternatives. As governments continue to implement regulations that promote environmentally friendly transportation options, the trajectory of electric two-wheelers appears to be on track for further growth, presenting a great opportunity for industry participants to investigate and capitalise on. On the policy and regulatory front, government incentives are critical to increasing the adoption of electric vehicles, especially two-wheelers. However, the existing regulatory framework in Argentina for electric transportation is uncertain, which may impede market development. The government must implement clear and supportive policies to create an atmosphere conducive to the expansion of the electric two-wheeler business. These policies should include incentives for both consumers and manufacturers, as well as efforts to improve infrastructure and safety. Establishing a clear regulatory framework is critical to maximising the potential of electric mobility in Argentina and guaranteeing its integration into the larger transportation ecosystem.

The electric two-wheeler market encompasses various segments based on different criteria such as vehicle type, battery type, motor power, and usage. Firstly, the market is divided by vehicle type, with electric motorcycles and electric scooters being the primary categories. Electric motorcycles, powered by electric motors and batteries, offer zero-emission transportation with lower operating costs and improved performance thanks to advancements in battery technology. Electric scooters, similarly powered by electric motors and rechargeable batteries, cater to short-distance commuting and urban transportation needs, offering convenience and eco-friendliness. Secondly, segmentation by battery type distinguishes between sealed lead-acid (SLA) and lithium-ion batteries. SLA batteries, known for their maintenance-free operation and suitability in environments with limited ventilation, find applications across various electric vehicles, including two-wheelers. On the other hand, lithium-ion batteries, characterised by their high energy density, are favoured for their lighter weight and enhanced storage capacity, making them ideal for electric motorcycles and scooters seeking improved performance and range.

Further segmentation based on motor power includes 48V, 60V, and 72V systems, each offering distinct performance characteristics. The 48V segment typically caters to lower power ranges, balancing performance with cost-effectiveness. Meanwhile, the 60V segment strikes a balance between power output and battery capacity, suitable for various electric motorcycles and scooters. The 72V segment targets higher performance and longer range, appealing to consumers seeking enhanced capabilities for their electric two-wheelers. Additionally, there exists an ""Others Motor Powers"" segment encompassing electric vehicles with motor powers outside the specified categories, providing further diversity in the market. Lastly, segmentation by usage separates electric two-wheelers into commercial and private categories. Commercial electric vehicles are optimised for business-related activities such as delivery services and last-mile transportation, prioritising factors like range, durability, and carrying capacity to meet the demands of commercial users. In contrast, private electric two-wheelers target individual consumers for personal commuting, recreation, or general transportation purposes, offering flexibility and convenience for private use.

Argentina falls behind countries such as Brazil and Colombia in terms of electric two-wheeler usage and development. While Brazil and Colombia have made tremendous progress in developing robust electric mobility ecosystems, Argentina has been slower to adopt this change. Regulatory frameworks, infrastructure investment, and consumer awareness all have a significant impact on the trajectory of any country's electric car market. Despite the current imbalance, Argentina has the ability to catch up by enacting supportive regulations, encouraging innovation, and driving both consumers and manufacturers to adopt electric mobility solutions. Given the importance of batteries in electric vehicle technology, guaranteeing a consistent and sustainable supply of raw materials is critical to the expansion of the electric two-wheeler sector. Addressing this issue would necessitate extensive study, strategic alliances, and aggressive actions to ensure access to crucial raw materials while also investigating potential for domestic production and resource utilisation The COVID-19 epidemic has had a varied impact on the total two-wheeler business, including electric choices, while the exact amount is unknown. While the pandemic first impacted supply chains, manufacturing processes, and consumer demand, it also sparked a possible move toward personal mobility solutions. With public health concerns encouraging people to shun crowded public transportation in favour of other means of transportation, the demand for electric two-wheelers as a safer and more sustainable transportation choice may have increased. However, the pandemic's long-term consequences on consumer behaviour, economic recovery, and government policy will eventually define the trajectory of the electric two-wheeler market in the post-pandemic period.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Electric Two-Wheeler market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Vehicle Type
• Electric Motorcycle
• Electric Scooter

By Battery
• Sealed Lead Acid (SLA)
• Lithium-Ion

By Motor Power
• 48 V
• 60 V
• 72 V
• Others

By Usage
• Commercial
• Private

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Electric Two-Wheeler industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.