Three Trends of Electric Bicycles for Explosive Growing

Today, a wave of electric bikes is sweeping the world. According to foreign media reports, the world's first-selling electric vehicle is an electric bicycle, not an electric car, and it is even predicted that electric bicycles may beat cars and change the way of urban travel. While civil enthusiasm is high, governments in many countries are also providing support. US President Biden's latest social policy bill includes a $4.1 billion tax incentive to "put people's butts on electric bicycles."

According to industry expert data, Americans will buy about 500,000 electric bicycles home in 2020, while only 231,000 electric vehicles were sold in the United States during the same period.

Electric bicycle sales have experienced a surge in markets such as the United Kingdom and the United States. From 2019 to 2020, sales of e-bikes in the U.S. rose 145 percent, twice as fast as conventional bikes, according to market research firm NPD Group. The UK e-bike market also grew by 70% last year, with sales reaching 170,000 units, according to market research firm Mintel.


Experts believe that this growth trend has no intention of slowing down. According to Deloitte, global sales of electric bicycles will reach 130 million between 2020 and 2023, a trend that may change the way cities travel.

David, a visiting scholar at Harvard Kennedy School of Government and an expert on new forms of mobility technology, believes that people's explosive enthusiasm for electric bicycles is the result of three trends emerging at the same time.

The first is the rapid development of lithium batteries. The batteries, which used to power electric vehicles, have become "smaller, more efficient and less expensive" so they can be used in small devices like bicycles.

Second, there has been a revival of interest in cycling in cities over the past decade.

Third, the emergence of shared bikes (including electric versions) allows people to try them without having to buy them, which has led to an increase in demand. In Norway, which has a national bike network, car use fell when users learned how far electric bikes could get them.

Thanks to these three trends, the rapid growth of the electric bicycle market has become a matter of course.

Post time: Sep-13-2022

Leave Your Message:

Write your message here and send it to us.