E-Scooters Market Analysis

In-depth Analysis of E-Scooters Market Industry Landscape

The Electric Scooter market's remarkable growth is significantly propelled by extensive infrastructure development, particularly the establishment of a robust public charging network in China. The Chinese government has made substantial investments in creating an extensive network that includes both slow and fast charging options. According to a report from China EV Outlook, China leads the world in the number of publicly available chargers, constituting approximately 85% of global fast chargers and 55% of slow chargers. This underscores China's global leadership in the electric vehicle sector, particularly in its densely populated urban areas.

As of 2021, China witnessed a 35% increase in the number of accessible slow chargers, reaching around 680,000 units—more than four times the number available in 2018. It's essential to note that while growth has been slower during the pandemic period, the charging network now encompasses hundreds of thousands of standard slow chargers strategically placed in public areas like parking lots, apartment buildings, and shopping centers. Additionally, the network includes an expanding number of fast chargers situated along major highways and in city centers. These fast chargers can recharge an electric scooter's battery to 80% capacity in less than 30 minutes.

This well-developed charging infrastructure has played a crucial role in alleviating "range anxiety" among consumers, a concern related to the limited range of electric scooters. The presence of charging stations in key locations has significantly contributed to the rise of shared electric scooter services in major cities. The charging network's strategic placement, both in urban and highway settings, ensures convenient access for electric scooter users, fostering the overall growth and acceptance of electric scooters as a viable mode of transportation.