#electric scooter market size
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ashimbisresearch · 5 months ago
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Global Electric Scooter Market | BIS Research
According to BIS Research, the global electric scooter market is expected to be valued at $4.56 billion in 2024 and is projected to expand at a CAGR of 16.13% to reach $20.35 billion by 2034 during the forecast period of 2024-2034.
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renubresearch · 8 months ago
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Electric Scooter Market will be US$ 50.78 billion by 2032
The Global Electric Scooter Market was valued at US$ 24.67 billion in 2023 and is projected to reach US$ 50.78 billion by 2032, with a CAGR of 8.35% between 2024 and 2032. The electric scooter market has grown significantly in recent years due to urbanization, environmental sustainability concerns, and the popularity of micro-mobility solutions. This market includes electric scooters for…
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stark2131 · 1 year ago
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aarunresearcher · 2 months ago
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United States one wheel electric scooter market size reached USD 182.4 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 371.7 Million by 2033, exhibiting a growth rate (CAGR) of 8.1% during 2025-2033. 
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Electric Scooter and Motorcycle Market Size, Share, Trends & Forecast by 2030
The global electric scooter and motorcycle market is projected to grow from USD 4.3 Billion in 2024 to USD 12.4 Billion by 2030, registering a CAGR of 18.9%. The significant advancements in battery technology and the broader tech ecosystem are propelling the electric scooter and motorcycle market. Improvements in lithium-ion battery efficiency have resulted in electric two-wheelers with greater…
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luckydige45 · 1 year ago
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The global electric scooters market size was exhibited at USD 37.08 billion in 2023 and is projected to hit around USD 96.18 billion by 2033, growing at a CAGR of 10.0% during the forecast period of 2024 to 2033.
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automotiveera · 1 year ago
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Electrifying Commutes: Insights into the India Electric Scooters and Motorcycles Market
Electric scooters and motorcycles are two-wheeled vehicles that function only on electricity. They are not propelled by engines or orthodox fuels like gasoline, diesel, or CNG.
They utilizes electric propulsion and generally have a rechargeable battery. With the rising concerns on pollution and the resulting increase in the incidence of breathing issues among children and elderly alike, the Indian electric scooters and motorcycles market is projected to reach USD 6,161 million by 2030.
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Safe, Suitable, and Simple to Use
Every method of travel has some type of danger involved with it. Still, if you compare an electric scooter or motorcycle to other more-fun methods of transport such as roller skating or cycling, they come out as, maybe, the better choice. Moreover, they need little to no talent to function—all you require is some balance They are a suitable choice for those who want to commute without any anxiety of danger.
Comparatively Eco-Friendly
A list of benefits to having an e-scooter or motorcycle is just not complete without addressing how environment-friendly they are. In the era of severe climate change, numerous individuals are finding methods to decrease their impact on the atmosphere, like shifting their modes of transportation.
Moreover, electric scooters and motorcycles are one of the greenest choices to date. Other than zero CO2 releases, electric scooters and motorcycles are also more energy-efficient. They are more effective at moving travelers— they take only a portion of the electricity compared to the amount of fuel a car burns to travel the same distance. Furthermore, technology for e-scooters has enhanced rapidly over the last two years, further advancing their eco-friendliness.
Helps In Skipping Traffic Jams
The motor and battery technologies utilized in electric scooters and motorcycles enable the rider to cover numerous kilometers with little effort. Moreover, the scooter itself is small in size, meaning riders can take benefit of dedicated lanes, which are traffic-free. This is particularly beneficial in areas where roads are jammed almost daily. Features
Basic features including an LED headlight and sleek design are being offered by numerous two-wheeler OEMs. On the other hand, several high-tech accompaniments include under-seat storage bins, a speed mode switch, USB ports, a smart remote key, cruise control, and a functional dashboard.
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neha24blog · 2 years ago
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Electric Scooters Market Analysis By Drive Type, Battery, End-Use, Region And Forecast To 2030  : Grand View Research Inc.
San Francisco, 31 July 2023: The Report Electric Scooters Market Size, Share & Trends Analysis Report By Battery (Lithium-ion, Lead-acid), By Drive Type (Belt Drive, Hub Motor), By End-use (Personal, Commercial), By Region, And Segment Forecasts, 2023 – 2030 The global electric scooters market size is expected to reach USD 78.65 billion by 2030, registering a CAGR of 9.9% from 2023 to 2030,…
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futuretonext · 2 years ago
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The Global Electric Scooter and Motorcycle Market is projected to grow at a CAGR of around 32% during the forecast period, i.e., 2022-27. The growth of the market is driven primarily by the alarming carbon emission levels, especially from vehicles, and the growing awareness among people about the need to curb these levels by procuring environment-friendly mobility solutions, i.e., surging the sales of electric scooters & motorcycles worldwide. 
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pressreleasestrendsz · 2 years ago
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officialsanchita6 · 2 years ago
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Which electric scooter is the greatest one, do you know? Here are the top 10 electric scooters in India:
Due to the rising cost of fuel, electric scooters have become a viable alternative to petrol scooters. The best electric scooters on the market in India are listed below.
Electric scooters come in a wide range of sizes and designs in India. To help you in your quest, we've compiled a list of the best electric scooters currently on the market in India. E-scooters are included on the list from both established and new businesses. These scooters are not only cost-effective but also environmentally benign because their operating and maintenance costs are lower than those of their ICE counterparts. Additionally, many electric scooters, if not all, now match their fuel-powered equivalents, and you can further lower the cost with government incentives from the federal and state governments, subject to change. Here are the best 10 electric scooter in our opinion:
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1)Hero Electric Optima CX (dual-battery):
Currently, Hero Electric continues to rank among the most well-known brands in the EV sector, which should not be confused with Hero Motocorp. One of the brand's most dependable workhorses is the Hero Electric Optima CX, and the Sohinder Singh Gill-led business is one of the most well-known producers of electric scooters on Indian roads. We highly recommend the dual-battery model of the scooter, which has a wonderful certified range of 140 km each charge cycle. Additionally, the battery is detachable, making it even more useful as you can charge it at home without necessarily having a mobile charging station. The scooter is the ideal option for city commuting because of its top speed of 45 kmphYou also receive comforts like a computerised instrument display and a USB port for charging your smartphone. See (https://heroelectric.in/bike/optima-cx-dual-battery/) for additional details.
Hero Electric Optima CX price in India: The EV is priced in India at Rs 77,490.
Benefits
Great riding range
Detachable battery for charging
Has all the essential features
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2)    Bajaj Chetak:
In the past, Bajaj Chetak was among the most well-known and well-liked scooter brands. The business is now bringing it back in an electric version. The scooter's design is a stunning fusion of its historical tradition and contemporary elegance. In terms of specifications, it has a range of up to 108 km, and the battery is expected to last 70,000 km, or 7 years. The battery features a rapid charging capability that allows for a 25 percent charge in only one hour and a full charge in just five. Its steel body is made to last and has an IP67 rating for water and dust resistance. It is without a doubt a high-end scooter, but the price is still too much. For more information (https://www.chetak.com/)
Bajaj Chetak EV price in India: The Bajaj Chetak starts at a price of Rs 1,21,000 (ex-showroom).
 Benefits
Good durability
Charges fast
Iconic brand
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3) TOYA:
The TOYA electric scooter, which is gorgeous and sporty-looking, was just released in the Indian market in 2021–2022. It is produced by West Burdwan's DEEDEV Motors. The TOYA is powered by a 48v/60v battery and has a top speed of 25 km/h. It is said to have an all-day range of 80 km in power mode. The most popular model is this one. The scooter comes with two riding modes: City and Eco. Batteries are created by combining lead acid with lithium ion. The battery can be charged for up to 3-4/6-8 hours. Other characteristics of this scooter include: 1-2-3 gear, reverse gear, alarm system, LED light, remote control, USB, auto pilot mode, among others. The customization of battery options, etc. For more information (https://deedavmotors.com/)
TOYA  price in India: The Toya at a price of Rs 49,999.
Benefits
Reverse mode
Modern and flashy looks
Push foot rest
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4)   Simple One:
The Simple One is a new electric scooter that looks similar to the Ather 450X and Hero Vida V1 in that it is sleek and athletic. The official website of the business now offers Simple One for sale after various delays. The e-scooter's features and drivetrain include an 8.5kW motor with a maximum torque output of 72Nm. A 3.3kWh Lithium-ion battery powers the engine, and a fifth removable battery under the seat brings the overall capacity to 5kWh. The scooter's advertised range on a single charge is 212 km. A combi braking system, connectivity options, a 7-inch TFT display, LED lighting, alloy wheels, disc brakes, and many more useful features are also included. For more information (https://www.simpleenergy.in/)
Simple One price in India:
The Simple One’s standard variant can be purchased for Rs 1,45,000 (ex-showroom) while the top model is available for Rs 1,50,000 (ex-showroom) in India.
 Benefits
Distinctive look and design
Good riding range
Great set of features
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5)   MIMI:
The MIMI, which is made by DEEDEV Motors, is one of the most reasonably priced electric scooters available today. The motor can propel the bike at up to 25 kph, though this speed can change based on which of the three riding modes you choose, Eco, City, or Sports. The battery's stated range is 80 kilometres, and it can take 3–4–6–8 hours to fully charge it using the charger. Other features include an alarm system, 1-2-3 gear, reverse gear, unique battery, LED headlamp, and more. Visit DEEDEV Motors for more information. (https://deedavmotors.com/)
MIMI price in India: The MMI at a price RS. 49,999.
 Benefits
One of the most affordable e-scooty
Multiple riding modes
Best for girl’s
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6)   Hero Vida V1:
HereThe Vida V1 is the first electric scooter that Vida, a division of Motocorp, has produced. The scooter comes in two different models: Vida V1 Plus and Vida V1 Pro. Both versions have a top speed of 80 kmph, although the V1 Pro accelerates from 0 to 40 kmph in 3.2 seconds compared to the V1 Plus' 3.4 seconds. In accordance with the stated range, the new EV two-wheelers will be able to deliver a range of 163 km for the V1 Pro and 143 km for the V1 Plus, respectively. Both electric scooters are run by a portable battery pack that can be charged from empty to 80% capacity in about 65 minutes. Both Vida V1 models' 7-inch touch displays give users access to a variety of intelligent capabilities, including as trip statistics, riding simulators, parking help, and navigation. Visit(https://www.vidaworld.com) for additional information.
Hero Vida V1 price in India:
The Vida V1 Plus and V1 Pro come at an ex-showroom price of Rs 1,28,000 and Rs 1,39,000 respectively which includes the FAME II and state subsidy. Additionally, the reservation price is set at Rs 2,499.
Benefits
Portable battery for charging
All round robust design
Decent pickup times
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7)   TVS iQube ST:
The TVS iQube ST electric scooter sticks out for having a more traditional appearance, but that has advantages of its own. For starters, the iQube ST features one of the largest boot compartments, allowing you to fit two full-sized helmets to protect both you and your travelling companion. That's not all, though. The scooter has a maximum riding range of 110 km in performance mode and 145 km in economy mode. The scooter is one of the best-performing electric scooters on the market because it can reach a respectable riding speed of 82 kmph when used in the latter. Additionally, you get a 7-inch touchscreen with Bluetooth audio playback, Amazon Alexa voice assistant integration, and even social media notification screens that adhere to all safety precautions to keep you from being distracted. For more details (https://www.tvsmotor.com/iqube/tvs-iqube-st-variant-details)
TVS iQube ST price in India:
The TVS iQube ST comes with a sticker price of Rs 1,09,256 in Delhi.
 Benefits
Excellent range
Rich set of features
Four body colours
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8)   Toper:
The Simple One is a brand-new electric scooter that boasts a sporty design much. It’s also manufactured by DEEDEV Motors. DEEDEV Motors company is one of the most well-known manufacturers of electric scooters. Simple One is now finally available to purchase through the company’s official website (https://deedavmotors.com/). The battery can take upto 3-4/6-8 hours to charge. Running under the hood is a 48v/60v Lithium-ion battery. The scooter is able to provide 80km of claimed range on a single charge. Apart from that, there are several handy features packed in as well such as a combi braking system, alarm system, LED lighting, alloy wheels (black), remote control, customise the battery choice, USB and many more.
Toper price in India: The Toper at a price RS. 49,999.
 Benefits
Distinctive look and design Good riding range Great set of features
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9)    Bounce Infinity E1:
Even if you do not pay the full retail price, the Bounce Infinity E1 scooter is still available to you through the company's Battery-as-a-service, or BAAS, agreements at a much cheaper cost. The plans include a switchable battery option for Rs 35 each switch and a monthly membership charge that starts at Rs 849. The actual cost of the Bounce Infinity E1 is thus reduced to Rs 0.65 per kilometre.
The 85-kilometer maximum range and 65-kilometer top speed of the Bounce Infinity E1 are both on a single charge. Three different driving modes are offered: Drag, Eco, and Power. Aside from being IP 67 rated, adaptable, and portable, the 2kWhr 48V battery pack for the electric scooter is also available. For more information (https://bounceinfinity.com/infinity_e)
Bounce Infinity E1 price in India:
The Bounce Infinity E1 is retailing in India at Rs 68,999 (with battery) and Rs 36,099 (without battery).
 Benefits
Cost
Swappable battery
Regenerative braking system
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10)  Okaya Fast F2F:
One of the most reasonably priced electric scooters on the market right now is the Okaya Fast F2F. The Fast F2F has an 800W BLDC hub motor that can reach high speeds of up to 55kmph. high speeds may also vary according on the riding modes, which include Eco, City, and Sports. The battery, which has an advertised range of 80 km, can take up to 5 hours to fully charge using the included charger. A remote key, digital instrument cluster, and LED headlamp are a few other highlights. For more information (https://okayaev.com/faast-f2f/)
Okaya Fast F2F price in India:
The Okaya Fast F2F is available at starting price of Rs 83,999 (ex-showroom) in India
Benefits
Very affordable compare to others
Multiple riding modes
Many features are available
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ashimbisresearch · 5 months ago
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Electric Scooter Market | BIS Research
The global electric scooter market is expected to be valued at $4.56 billion in 2024 and is projected to expand at a CAGR of 16.13% to reach $20.35 billion by 2034 during the forecast period of 2024-2034.
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ujumrfr · 2 days ago
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rushikesh-d · 5 days ago
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Mobility as a Service Market To Witness the Highest Growth Globally in Coming Years
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The report begins with an overview of the Mobility as a Service Market 2025 Size and presents throughout its development. It provides a comprehensive analysis of all regional and key player segments providing closer insights into current market conditions and future market opportunities, along with drivers, trend segments, consumer behavior, price factors, and market performance and estimates. Forecast market information, SWOT analysis, Mobility as a Service Market scenario, and feasibility study are the important aspects analyzed in this report.
The Mobility as a Service Market is experiencing robust growth driven by the expanding globally. The Mobility as a Service Market is poised for substantial growth as manufacturers across various industries embrace automation to enhance productivity, quality, and agility in their production processes. Mobility as a Service Market leverage robotics, machine vision, and advanced control technologies to streamline assembly tasks, reduce labor costs, and minimize errors. With increasing demand for customized products, shorter product lifecycles, and labor shortages, there is a growing need for flexible and scalable automation solutions. As technology advances and automation becomes more accessible, the adoption of automated assembly systems is expected to accelerate, driving market growth and innovation in manufacturing. The global mobility as a service (MaaS) market was $182.12 billion in 2018 and is expected to reach $210.44 billion by 2026, with a CAGR of 1.9% during the year. forecast period from 2019 to 2026.
Get Sample PDF Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/102066
Key Strategies
Key strategies in the Mobility as a Service Market revolve around optimizing production efficiency, quality, and flexibility. Integration of advanced robotics and machine vision technologies streamlines assembly processes, reducing cycle times and error rates. Customization options cater to diverse product requirements and manufacturing environments, ensuring solution scalability and adaptability. Collaboration with industry partners and automation experts fosters innovation and addresses evolving customer needs and market trends. Moreover, investment in employee training and skill development facilitates seamless integration and operation of Mobility as a Service Market. By prioritizing these strategies, manufacturers can enhance competitiveness, accelerate time-to-market, and drive sustainable growth in the Mobility as a Service Market.
Major Mobility as a Service Market Manufacturers covered in the market report include:
Uber
Lyft, Inc
Didi Chuxing
Grab
Ola
Gett
Micro-mobility is expected to be the future of shared transportation, especially in developing countries. Micro-mobility is the use of light vehicles such as bikes and scooters on a shorter distance. For example, in the United States, motorbike and bicycle account for a significant share in the short distance traveling (under 5 miles). The growing inclination of consumers towards micro-mobility has drawn the attention of big players such as Daimler and BMW in micro-mobility transportation. This mobility as a service company has scooters on rent in 6 cities in Europe. Uber is also making plans to include rented bikes and scooters in their app by establishing partnerships with Getaround and Lime. Uber has also acquired JUMP that offers electric scooters and bikes on rent for the short-term. Increasing the use of micro-mobility is, in turn, saving time and money for consumers compared to the regular taxi rides.
Trends Analysis
The Mobility as a Service Market is experiencing rapid expansion fueled by the manufacturing industry's pursuit of efficiency and productivity gains. Key trends include the adoption of collaborative robotics and advanced automation technologies to streamline assembly processes and reduce labor costs. With the rise of Industry 4.0 initiatives, manufacturers are investing in flexible and scalable Mobility as a Service Market capable of handling diverse product portfolios. Moreover, advancements in machine vision and AI-driven quality control are enhancing production throughput and ensuring product consistency. The emphasis on sustainability and lean manufacturing principles is driving innovation in energy-efficient and eco-friendly Mobility as a Service Market Solutions.
Regions Included in this Mobility as a Service Market Report are as follows:
North America [U.S., Canada, Mexico]
Europe [Germany, UK, France, Italy, Rest of Europe]
Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
South America [Brazil, Argentina, Rest of Latin America]
Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]
Significant Features that are under offering and key highlights of the reports:
- Detailed overview of the Mobility as a Service Market.
- Changing the Mobility as a Service Market dynamics of the industry.
- In-depth market segmentation by Type, Application, etc.
- Historical, current, and projected Mobility as a Service Market size in terms of volume and value.
- Recent industry trends and developments.
- Competitive landscape of the Mobility as a Service Market.
- Strategies of key players and product offerings.
- Potential and niche segments/regions exhibiting promising growth.
Frequently Asked Questions (FAQs):
► What is the current market scenario?
► What was the historical demand scenario, and forecast outlook from 2025 to 2032?
► What are the key market dynamics influencing growth in the Global Mobility as a Service Market?
► Who are the prominent players in the Global Mobility as a Service Market?
► What is the consumer perspective in the Global Mobility as a Service Market?
► What are the key demand-side and supply-side trends in the Global Mobility as a Service Market?
► What are the largest and the fastest-growing geographies?
► Which segment dominated and which segment is expected to grow fastest?
► What was the COVID-19 impact on the Global Mobility as a Service Market?
Table Of Contents:
1 Market Overview
1.1 Mobility as a Service Market Introduction
1.2 Market Analysis by Type
1.3 Market Analysis by Applications
1.4 Market Analysis by Regions
1.4.1 North America (United States, Canada and Mexico)
1.4.1.1 United States Market States and Outlook 
1.4.1.2 Canada Market States and Outlook 
1.4.1.3 Mexico Market States and Outlook 
1.4.2 Europe (Germany, France, UK, Russia and Italy)
1.4.2.1 Germany Market States and Outlook
1.4.2.2 France Market States and Outlook 
1.4.2.3 UK Market States and Outlook
1.4.2.4 Russia Market States and Outlook 
1.4.2.5 Italy Market States and Outlook 
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
1.4.3.1 China Market States and Outlook
1.4.3.2 Japan Market States and Outlook 
1.4.3.3 Korea Market States and Outlook 
1.4.3.4 India Market States and Outlook 
1.4.3.5 Southeast Asia Market States and Outlook 
1.4.4 South America, Middle East and Africa
1.4.4.1 Brazil Market States and Outlook
1.4.4.2 Egypt Market States and Outlook 
1.4.4.3 Saudi Arabia Market States and Outlook 
1.4.4.4 South Africa Market States and Outlook 
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
Continued…
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
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industrynewsupdates · 9 days ago
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Exploring Battery Management System Market: Trends and Future Outlook
The global battery management system market size is expected to reach USD 31.27 billion by 2030, growing at a CAGR of 23.4% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc. The rising adoption of battery management systems (BMS) in applications such as electric vehicles (EVs), power tools, portable battery packs, garden tools, solar energy storage systems, uninterruptible power supply systems, and portable medical equipment, among others is a major driver behind the growth of the battery management system industry.BMS plays a crucial role in these applications by protecting the battery against damage, extending its lifespan, and providing precise information about the battery's condition.
Increasing demand for wireless BMS in the EV industry owing to its several benefits is boosting the market’s growth.Wireless BMSs (wBMS) are revolutionizing the EV industry by offering enhanced safety and reliability, extended drive range, and reduced costs. Additionally, wireless BMS solutions provide more flexibility in battery placement and scalability across different EV platforms. Due to the advantages offered by wireless BMS solutions, numerous automakers are now exploring their use. These solutions eliminate the need for wiring, connectors, and other components, which results in reduced weight.
Furthermore, various companies started producing wireless battery management systems. For instance, in February 2023, LG Innotek, a subsidiary of the South Korean conglomerate LG, developed an 800-volt wireless battery management system for EVs. This innovation is aimed at reducing the size and weight of battery packs. The company plans to commence production of this system in the year 2024.The wireless BMS offers the significant benefit of reducing the weight and volume of a battery pack. As a result, it provides an additional 10 to 15 percent space for expanding the battery pack's capacity.
Gather more insights about the market drivers, restrains and growth of the Battery Management System Market
Battery Management System Market Report Highlights
• The lithium-ion based segment is anticipated to emerge as the fastest-growing segment over the forecast period. Increasing adoption of lithium-ion EV batteries owing to their benefits such as high efficiency, space-saving and lightweight design, and low cost, among others is attributed to the growth of the segment. BMSs are crucial in managing the performance and safety of lithium-ion batteries by monitoring and controlling their charging and discharging rates, performing critical functions such as overcharge and over-discharge protection, cell balancing, and thermal management
• The centralized topology segment accounted for the largest market share in 2022. The adoption of centralized BMS is increasing owing to its major benefits such as low cost and compact design
• The automotive segment is anticipated to emerge as the fastest-growing segment over the forecast period. The increasing development of two and three-wheeled electric vehicles equipped with rechargeable batteries and battery management systems and the growing market for e-bikes/e-scooters in developing countries are expected to boost the segment growth
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2030 due to the vast presence of EV battery start-ups, significant growth in EV sales in the region, and the growing consumer electronics industry in countries such as China India, and Japan
Battery Management System Market Segmentation
Grand View Research has segmented the global battery management system market based on battery type, topology, application, and region:
Battery Management System Battery Type Outlook (Revenue, USD Million, 2017 - 2030)
• Lithium-Ion Based
• Lead-Acid Based
• Nickel Based
• Flow Batteries
Battery Management System Topology Outlook (Revenue, USD Million, 2017 - 2030)
• Centralized
• Distributed
• Modular
Battery Management System Application Outlook (Revenue, USD Million, 2017 - 2030)
• Automotive
• Consumer Electronics
• Energy
• Defense
Battery Management System Regional Outlook (Revenue, USD Million, 2017 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Netherlands
o Norway
• Asia Pacific
o China
o India
o Japan
o Australia
o South Korea
• Latin America
o Brazil
• MEA
o Kingdom of Saudi Arabia
o UAE
o South Africa
Order a free sample PDF of the Battery Management System Market Intelligence Study, published by Grand View Research.
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luckydige45 · 1 year ago
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As per the report from nova one advisor, the Asia Pacific electric scooter market size was estimated at USD 25.06 billion in 2022 and is expected to hit around USD 77.14 billion by 2032, poised to reach at a notable CAGR of 11.9% during the forecast period 2023 to 2032
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