From Bloomberg: The U.S. electric bike market continues to boom, according to the latest figures from the Light Electric Vehicle Association. The U.S. imported nearly 790,000 electric two-wheelers in 2021, according to LEVA's estimate, up from 463,000 in 2020. While not a sales figure, LEVA's tally is a useful proxy for the state of the U.S. e-bike market.
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The Electric Vehicle Market is experiencing significant growth over the forecast period. This is attributed to the rising demand for high-performance and fuel-efficient vehicles, an emerging trend towards eco-friendly electric vehicles and their components, and the increasing awareness to reduce oil consumption.
The rigorous government norms regarding vehicle emission, augmenting awareness to decrease oil consumption, and rising demand for fuel-efficient and high-performance vehicles are the drivers stimulating the growth of the global
electric vehicle market. Also, the boost in investment of production of electric vehicle by leading companies like Hyundai Motor Company, Nissan Motor Company, BAIC Motor Corporation, General Motors Company, Daimler AG, and BMW Group will fuel the market growth. The surging consumer satisfaction, like home charging options for electric vehicles, along with the renewable energy sources, which include a solar photovoltaic system used to recha
By Jazz Walia, CEO, Tannus Tyres
In my opinion, this will be the year that e-bike usage skyrockets as consumers finally embrace technological advancements that have sparked the cycling industry into the modern age.
In a new era of city mobility, e-bikes, without a doubt, are going to become the vehicle of choice. You only have to glance at the numbers to recognise that this is more than a passing fad – the e-bike market was valued at £4.9 billion in 2018, but that figure is forecasted to have more than doubled by 2023, when it is predicted to have grown to £11.8 billion – this is according to the Confederation of the European Bike Industry and The Light Electric Vehicle Association.