Electric motorcycle registrations in Austria have shown a noticeable upward trend over the years, starting from a mere 54 units in 2013 and reaching 547 units in 2023. The market has experienced significant fluctuations, such as the sharp increase of 286.03% in 2016 and the drop of 67% in 2017. In recent years, the growth has been steadier, with a year-on-year increase of 4.99% in 2023. The compound annual growth rate (CAGR) over the last five years leading up to 2023 stands at 18.82%.
Future forecasts predict continued growth, albeit at a more moderate pace, with a forecasted 5-year CAGR of 3.58%. By 2028, the market is expected to reach 685.04 units, reflecting an overall forecasted 5-year growth rate of 19.2%.
Future trends to watch for:
- Technological advancements in electric motorcycles enhancing performance and range.
- Government incentives and policies encouraging electric vehicle adoption.
- Expansion of charging infrastructure to support electric motorcycle use.
- Increasing consumer awareness and preference for eco-friendly transportation options.