Electric PTWs ‘riding the wave of increased fuel prices’

New figures show nearly 2,500 electric powered two-wheelers (PTWs) have been registered so far in 2022 – a year-on-year increase of 68%.

The Motorcycle Industry Association (MCIA) stats show 2,489 electric PTWs were registered between January and April, compared with 1,477 during the same period in 2021.

The rise in registrations means electric PTWs now account for 6.8% of the total market share.

The MCIA attributes the rise to the well-publicised increase in fuel prices, however it is also worth noting that the impact of Covid-19 restrictions was being felt in early 2021.

It says lower powered PTWs are ‘plugging the transport gap for commuters’, as employees return to work on a more regular basis and look for an economical, reliable, and convenient way to travel.

Meanwhile, the stats also show a rise in the total number of PTW registrations so far in 2022.

Between January and April, 11,327 units have been registered, a 4.2% rise on the first four months of 2021 (10,874).

Tony Campbell, CEO of MCIA, said: “It is a real delight to see such a buoyant market for the sector overall.

“We are experiencing excellent growth across the board which includes larger capacity motorcycles predominantly used for leisure and sport. The sector is seeing a real growth spurt and long may it continue.

“As we approach the summer months, and more riders take to the roads, we want to ensure all riders are as safe and as socially responsible as they can be, which is why we have launched the Elite Rider Hub.

“The Elite Rider initiative is a one-stop shop where riders can compare post-test riding courses to fit their needs, to ensure their skills are the best they can be.”

13 May 2022

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