The growing demand for sports motorcycles in the Italian market is led by the massive presence of racing enthusiasts. Moreover, the long-term value associated with the better performing two-wheelers is expected to experience massive sales, and result in a market boost.
Moreover, Li-ion contributes significant revenue to the Italy electric scooter and motorcycle market, amounting to $26.5 million revenue, and it is expected to witness a growth of 30.6% from 2021 to 2025. Numerous two-wheeler motor manufacturing companies such as e-scooters and e-motorcycles prefer Li-ion battery type, owing to no memory effect, low self-discharge rate, and high energy density.
In addition, the life of Li-ion batteries is over 2,000 charge cycles, which is more than the life of sealed lead-acid batteries of over 400 charge cycles. Moreover, the reduction in the battery prices over the years has not impacted sales, as the consumers prefer to buy Li-ion battery-powered two-wheelers that cost more than sealed-acid battery-powered two-wheelers. In addition, the automobile companies understand that consumers are willing to spend more on high-quality products, and hence they keep Li-ion chemistry transitioning.
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