Major motorcycle companies will electrify, from freeamfva's blog

Major motorcycle companies will electrify,

Major motorcycle manufacturers largely have remained on the sidelines of the industry’s electrification effort. Honda, Yamaha and Harley-Davidson account for roughly two-thirds of the global motorcycle market, yet the only electric motorcycle (e‑motorcycle) between the three companies in production is the Harley-Davidson LiveWire — a $30,000 bike priced out of reach for most consumers.To get more news about DC100, you can visit davincimotor.com official website.

E-motorcycles have struggled to catch on as quickly as other electric two-wheel vehicles such as e-bikes and e-scooters. While there are practical reasons for this, including the extensive range requirements of typical motorcycle consumers (250 miles or more), another primary impediment has been the lack of participation from major motorcycle manufacturers. The analysis from Guidehouse Insights suggests major motorcycle original equipment manufacturers (OEMs) will rapidly increase their involvement in electrification over the next five to 10 years due to several key emerging market drivers and forces.
Despite challenges around battery technology and consumer acceptance, the long-term outlook for e-motorcycles remains promising. We anticipate that global e-motorcycle sales will grow from roughly 1.1 million units in 2020 to 3.6 million by 2030, at a compound annual growth rate of 14.4 percent.

As gas-powered motorcycle markets continue to decline due to an aging consumer base and an increasingly stringent regulatory environment, it’s good business sense for major OEMs to pursue the only segment of the market that’s consistently growing — e-motorcycles. The global motorcycle market, with 38 million annual unit sales, will need to become fully electrified. Increasingly stringent emissions standards continue to make gas-powered motorcycles more expensive, and several city and national governments are moving to outright ban internal combustion engine (ICE) motorcycles.

For example, Tokyo plans to ban the sale of gasoline motorcycles by 2035; other cities in the Asia Pacific region, such as Hanoi in Vietnam, are expected to ban ICE motorcycles sooner. Cities and countries also offer e-motorcycle purchase incentives such as a U.S. federal tax credit of 10 percent or up to $2,500 off e-motorcycle purchase price, and are mandating the creation of low and zero emissions zones. More than 250 cities across Europe have a low emission zone. Additionally, lithium ion battery prices continue to decrease, and range capabilities continue to improve, which is making electrification more attractive for the major OEMs.
Momentum behind e-motorcycles is building with the major manufacturers. In February, Harley-Davidson unveiled its five-year plan called The Hardwire. The company’s plan included creating a new division specifically for e-motorcycle development. This structural change should enable Harley-Davidson to better focus its efforts and more rapidly develop e-motorcycle products over the next decade. In the near-term, it is expected to roll out a mid-power, lower cost e‑motorcycle in late 2021 or early 2022.

Honda is also making significant investments in e-motorcycles. The Japanese motorcycle company filed patents in August for electric versions of its CB125R and CB300R motorcycles, which are small, high volume bikes popular in India and other major motorcycle markets. By leveraging existing parts and designs, Honda could create lower cost e-motorcycle solutions. The company also has been investing and piloting battery swap programs with its PCX seated e-scooter and Mobile Power Pack batteries in Indonesia and the Philippines. Battery swapping involves the manual or automated switching of a vehicles’ discharged battery pack for a fully charged one, avoiding the delay associated with traditional EV charging.