Zero Motorcycles have exhibited at the past two IDTechEx events, and typically showcase their sporty S and off-road DS models, as well as their impressive 45kW electric motors (designed from scratch in California and produced at a factory in China). This year, at the IDTechEx Show! in Santa Clara California, things were markedly different. Zero staged two more light electric vehicles: a three-wheeled electric Vanderhall, and a four-wheeled electric go-kart, both using its powertrain. While these are still niche categories (in fact, the gasoline version of the Vanderhall has only been available to buy for the past couple of years), it is a statement from the company that it does not want to be thought of as purely a motorcycle brand. As found in the IDTechEx Research report Electric Two-wheelers 2019 – 2029, it reflects a stagnating motorcycle industry, which has been unable to attract a new younger audience for the past decade.
The gasoline version of the Vanderhall ‘Venice’, the cheapest model, is on sale for just under $30,000 — cheaper than a Harley Davidson touring bike. The electric version would be slightly more expensive, but much cheaper to run.
A cautionary tale in the industry has been the story of Alta Motors: an electric motocross bike start-up once based in California. Alta’s strategy was also to look beyond the premium motorcycle segment — it intended to produce low-power e-scooters in high volume, tapping into markets in Asia (India for example sells roughly 20 million motorcycles per year, most < 200cc). However, before things could really take off the company ran out of cash, and production ceased in October 2018. Zero’s strategy is more cautious: trying to open up new markets by becoming a powertrain supplier, without making something new, may be a winning strategy.
Learn more in the IDTechEx report Electric Two-Wheelers 2019 – 2029. Based on a global assessment IDTechEx Research has developed forecasts by category and region for 2019 – 2029.
The key takeaways / benefits of the research in this report are:
- Analysis of where e-bikes, e-scooters and e-motorcycles will be dominant and why, including historical data.
- Current year market size and forecasts up to 2029 by power class / speed: e-bikes 25kmph, e-motorcycles > 4kW.
- Current year market size and forecasts up to 2029 by region, including India, Indonesia, Vietnam, Taiwan, Thailand, China, U.S. and Europe.
- Comparison of different electric two-wheeler models – technologies, costs, players and government support.
- Market share of leading e-motorcycle manufacturers and comprehensive list and specification of current models.
- Report from visit to Zero Motorcycles manufacturing facility in California, and company profiles based on IDTechEx interviews.