A recent Market Research Future report estimates that the global electric motorbike industry is going to grow at a CAGR of 10.35% through 2025. The global trend towards the electrification of the automotive industry is ramping up as crude oil prices continue to surge higher. Every major automaker has at least laid plans to electrify a portion, if not all, of their fleets by the end of this decade.
US electric vehicle registrations for the first quarter this year hit an all-time high as the industry exhibited a 60% year over year growth from 2021. Of course, the US leader continues to be Tesla (NASDAQ:TSLA) which owns a 70% share of the US market. Still, with more options coming to the market, investors can look towards more emerging EV makers as opportunities for investment.
Electric motorbikes do not get mentioned much compared to the allure of luxury electric vehicles. Still, a majority of lower income regions in Asia, Africa, Latin America, and India, continue to use motorbikes as their primary source of transportation. Take a look at companies like Niu Technologies (NASDAQ:NIU), Volcon Inc (NASDAQ:VLCN), Bird Global Inc (NYSE:BRDS), and iQSTEL (OTC:IQST) as stocks that could benefit over the next decade.
$NIU $VLCN $BRDS $IQST
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