INDUSTRY SHIFT TOWARDS ELECTRIC ENCOURAGING DESPITE UNPRECEDENTED CHALLENGES

“July has been a disappointing month for the motorcycle industry with figures well below last year. However, the registrations of new Power Two Wheelers year to date has increased significantly. This is a positive result as the industry faces unprecedented challenges. Supply chains, remain a consistent issue whilst the cost-of-living crisis, is set to further impact figures” said Symon Cook, Head of NMDA, commenting on the latest MCIA new registration figures.

The registrations of scooters have fluctuated in July 2022. Figures have seen a sharp decrease from 3,658 units to 2,925 a decrease of -20%. However, the registrations YTD to July 2022 is recorded at 20,234, up by 2.3% from July 2021 YTD which was 19,780. July 2022 saw figures of 8,092, this was a decrease of 7.8%, July 2021 recorded 8,779 new bike registrations. There is a more positive outlook for YTD figures. There has been an increase of 7.8% compared to July 2021 YTD figures. The results are 54,746, and 50,762 respectively.

With 2030 on the horizon, it is positive to see there has been a sharp increase in registrations of electric scooters and ePTWs . For the 11-15 kw powerband, the July 2022 YTD figures are significantly higher than July 2021 YTD figures. There was a 1,300% increase from 84 to 6 respectively.

Honda once again is the most registered manufacturer with over 1,804 registrations. In line with Government plans for ban the sale of ICE PTWs we have seen more household brands enter the market for electric motorbikes. BMW is a surprising addition to the EV market, with 7 registrations for the 11-15kw power bracket.

“Despite a challenging year, the latest figures from the MCIA are encouraging, although figures are below July 2021, there has been a growth in YTD figures. As the industry shifts towards electric, its encouraging to see that electric Power Two Wheelers are making strong headwinds” continued Symon Cook.