The UK electric motorcycle market has shown considerable growth from 2013 to 2023. Registrations stood at 4870 units in 2023, marking significant increases year-on-year, peaking in 2021 with a 246.3% growth. The average compound annual growth rate (CAGR) over the last five years was a remarkable 94.72%. However, the growth rate saw its peaks and troughs, with notable dips in 2017 and a moderation in growth rate in 2023.
Looking forward, the forecast suggests the market will continue to grow but at a more moderate pace, with an average CAGR of 11.7% from 2024 to 2028. Key trends to watch include advancements in battery technology, increasing environmental regulations, and changes in consumer preferences towards sustainable transportation solutions. These factors will likely drive future demand and shape the market landscape for electric motorcycles in the UK.
