Electric Bike Sales Racing to Big Global Impact
The intersection of environmentally focused communities along with new technologies delivering enhanced battery power are combing to put electric bike sales worldwide on a winning pace.
According to the latest research, sales of electric bicycles are expected to reach $24.3 billion in the next decade, with nearly 35 million unit sales forecast for 2016.
“Rising levels of population density and traffic congestion are driving interest in different modes of transportation,” says Ryan Citron, research analyst at Navigant Research, which issued the findings. “E-bikes are uniquely positioned to be a primary benefactor of this trend since they are low in cost relative to cars, do not require licenses to operate, and can take advantage of existing bicycling infrastructure.”
Improving lithium ion (Li-ion) battery technology is also helping to drive e-bike sales, allowing for e-bikes that are lighter, lower in cost, and remarkably similar to traditional bicycles, according to the report. While sealed lead-acid still constitutes a majority of e-bike batteries, the market is steadily shifting toward the Li-ion chemistry.
Category: Consumer, Uncategorized
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