What Is the Market Size of Electric Scooters?
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The market size of electric scooters refers to the total value of all electric scooters sold in a specific period. As of 2023, it’s experiencing rapid growth, with sales increasing significantly due to rising environmental concerns and fuel costs. For example, in India, the market is expected to exceed one million units by 2024. This reflects a broader trend of increasing adoption of electric scooters globally as people seek eco-friendly and cost-effective transportation options.