Mexico Electric Two-Wheeler Market Size, Share, Latest Insights and Forecast 2025-2033

IMARC Group has recently released a new research study titled “Mexico Electric Two-Wheeler Market Size, Share, Trends and Forecast by Vehicle Type, Battery Type, Voltage Type, Peak Power, Battery Technology, Motor Placement, and Region, 2025-2033”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

Market Overview

The Mexico electric two-wheeler market size was USD 623.0 Million in 2024 and is expected to grow to USD 1,654.0 Million by 2033, registering a CAGR of 10.6% during the forecast period 2025-2033. Growth is driven by rising fuel costs, rapid urbanization, and government incentives promoting clean mobility. Growing environmental awareness, demand for affordable transportation, and expanding charging infrastructure are further boosting adoption. Delivery services and younger consumers prefer electric scooters due to cost efficiency and low maintenance. 

Study Assumption Years

• Base Year: 2024
• Historical Years: 2019-2024
• Forecast Period: 2025-2033

Mexico Electric Two-Wheeler Market Key Takeaways

• Current Market Size: USD 623.0 Million in 2024
• CAGR: 10.6%
• Forecast Period: 2025-2033
• The market is propelled by rising fuel prices, increased urbanization, and governmental incentives supporting electric vehicle adoption.
• Environmental concerns and demand for cost-effective transportation options boost electric two-wheeler usage, especially among youth and delivery services.
• Mexico experienced significant EV manufacturing growth, with over 100,000 units produced in 2023 and projections exceeding 300,000 units annually by 2026.
• Investments by major automakers such as Tesla, General Motors, and Ford, alongside lithium battery manufacturing, reinforce market growth.
• Development of charging infrastructure, including 2,089 public EV charging stations and plans for 38,000 more by 2041, facilitates market expansion.

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Mexico Electric Two-Wheeler Market Growth Factors

The Mexico electric two-wheeler market is significantly boosted by the rising demand for eco-friendly urban mobility solutions. With the escalation in fuel prices and heightened environmental concerns, consumers prefer electric scooters and bikes, which are more affordable and environmentally sustainable. Major cities such as Mexico City, Guadalajara, and Monterrey experience considerable traffic congestion and pollution, leading to government incentives aimed at fostering electric vehicle adoption. Additionally, youth and delivery services favor electric two-wheelers for their low maintenance and cost efficiency, expanding the market's consumer base.

Mexico is also witnessing robust growth in EV manufacturing and exports. In the first quarter of 2024, Mexico exported USD 3.127 Billion worth of electric vehicles to the United States. The country produced over 100,000 EVs in 2023, with projections to exceed 300,000 units annually by 2026. This growth is supported by major industry players including Tesla, General Motors, and Ford, along with substantial investments in lithium battery production and charging infrastructure, encouraging widespread adoption.

Charging infrastructure development and battery swapping stations represent critical growth drivers. Mexico currently has 2,089 public EV charging stations, with plans to add up to 38,000 more by 2041 to support expected market expansion from 43,000 to 700,000 electrified vehicles. Evergo's investment of USD 400 Million to install 15,000 charging points over ten years exemplifies this push. Battery swapping kiosks, especially for delivery and logistics companies reliant on continuous operation, further enhance convenience. Government subsidies and infrastructure projects reinforce these trends, positioning Mexico’s electric two-wheeler market for rapid growth and improved urban mobility.

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Mexico Electric Two-Wheeler Market Segmentation

Breakup By Vehicle Type:

• Electric Scooter/Moped: Market includes lightweight electric two-wheelers designed for urban mobility and cost-efficiency.
• Electric Motorcycle: Market includes higher speed and power electric two-wheelers with advanced features.

Breakup By Battery Type:

• Lithium-Ion: Popular rechargeable battery type favored for high energy density and longer life.
• Sealed Lead Acid (SLA): Traditional battery type with lower cost but less energy capacity.

Breakup By Voltage Type:

• <48V: Low-voltage electric two-wheelers suited for short-distance rides.
• 48-60V: Mid-range voltage vehicles balancing power and battery life.
• 61-72V: Higher voltage for improved performance.
• 73-96V: High-voltage segment targeting robust electric two-wheelers.
• >96V: Very high voltage types for premium or specialized electric two-wheelers.

Breakup By Peak Power:

• <3 kW: Entry-level electric two-wheelers with minimal power output.
• 3-6 kW: Mid-power range vehicles suitable for daily commuting.
• 7-10 kW: High-power electric two-wheelers for advanced performance.
• >10 kW: Very high power models catering to premium or sport electric motorcycles.

Breakup By Battery Technology:

• Removable: Batteries designed to be easily detached and replaced or charged separately.
• Non-Removable: Integrated batteries fixed within the vehicle.

Breakup By Motor Placement:

• Hub Type: Motors located within the wheel hub for direct power transmission.
• Chassis Mounted: Motors fixed on the vehicle chassis for optimized torque and control.

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Regional Insights

Northern Mexico is identified as the dominant region for the electric two-wheeler market. The report details that urbanization and disposable income growth prominently stimulate demand, positioning electric two-wheelers as a solution to Mexico’s transportation challenges. Specific metrics such as regional market shares or growth rates are not provided in the source.

Increased charging infrastructure and supportive policies in Northern Mexico contribute significantly to market growth and adoption rates.

Recent Developments & News

On September 28, 2024, Yadea launched its premium electric two-wheeler motorcycle, Kemper, at the 2024 SIMM Exhibition in Mexico City. The Kemper, along with other top models Keeness and Modern, features advanced technologies including a CATL battery capable of charging to 80% in 10 minutes and a top speed of 160 km/h. This launch underlines Yadea's commitment to promoting green mobility and smart transportation in Mexico, supported by expanded flagship stores and local partnerships.

Competitive Landscape

The market research report has also provided a comprehensive analysis of the competitive landscape including market structure, key player positioning, top winning strategies, and company evaluation quadrants. Detailed profiles of all major companies have been included.

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Key Players

• Tesla
• General Motors
• Ford
• Yadea

Customization Note

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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