Natural gas prices are rising and at the same time, sales of electric motorcycles and scooters are increasing.
Rising gas prices have been felt around the world, and have provided yet another opportunity for manufacturers of electric motorcycles and scooters.
One of the biggest beneficiaries of the sales increase was manufacturers of low-cost electric motorcycles and scooters.
Asian countries like India have seen some of the biggest results from this phenomenon, with companies producing low-cost electric scooters abounding in these countries.
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Okinawa, a major scooter manufacturer in India, reported a 30% increase in sales in the last quarter alone. The company attributes this largely to rising gasoline prices.
As ShiftingGears reported, Okinawa was the first company to qualify for the Indian government's FAME II subsidy for electric motorcycles. The company is ready to capitalize on this momentum with the upcoming launch of a new electric motorcycle, the Okinawa Oki 100.
In the US, such low-cost electric motorcycles and scooters are a bit rarer. California-based CSC Motorcycles offers the CSC City Slicker, a lightweight 45 mph (72 km/h) electric motorcycle similar to the Oki100 for $2,495
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But it's not just low-cost electric motorcycles that are doing so well in the market. Sales of full-size, full-cost electric motorcycles have also increased.
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While rising gas prices are not having as much of an impact on sales of full-cost electric motorcycles compared to low-cost e-bikes and scooters, they are expected to highlight some of the key benefits of electric motorcycles.
Source of information: electrek.co
