Electric motorcycle registrations in Spain experienced a long-term positive trend from 2013 to 2023, with record growth in 2017 (135.56% increase) and 2018 (149.66% increase). Despite a slowdown in 2021 (-10.55%) and modest growth in 2020 (4.44%), the market recovered strong momentum in 2022 (57.7%) and continued to grow in 2023 (8.07%). The electric motorcycle registrations stood at 9,360 units in 2023. The Compound Annual Growth Rate (CAGR) over the last 5 years up to 2023 was 26.32%, reflecting robust market expansion.
Future trends to watch for:
• Continued growth is expected from 2024 to 2028 with a forecasted CAGR of 5.26%.
• The market is anticipated to reach 13,100 units by 2028.
• Key factors to monitor include technological advancements, government incentives, and consumer acceptance of electric motorcycles.
