In the last couple of years, e-bike sales have been growing steadily in the US, but they still represent a small part of the overall segment in the country.
Electric vehicle market in the US in the next decade will be dominated by e-bikes, claims a media report. It forecasts a total of 113 million e-bikes will be sold in the country between 2020-2023.
Sales of the electric bikes in the US have grown more than eight-fold since 2014, claims the report further.
In the last couple of years, sales of e-bikes have been growing steadily in the US, but they still represent a small part of the overall bike segment in the country. As the report claims, e-bike sales jumped by an incredible 91 per cent from 2016 to 2017. Also, it grew 72 per cent from 2017 to 2018 to reach $143.4 million, as revealed by market research firm NPD Group.
Between 2006 and 2012, e-bikes represented less than 1 per cent of total annual bike sales. In 2013, US customers bought 1.85 lakh e-bikes, while across all of Europe, 1.8 million units were retailed.
The media report quotes Jeff Loucks, executive director of Deloitte’s Technology, Media, and Telecommunications centre, who said that e-bike sales will not increase evenly across the US. He forecasts cities, in particular, will see the biggest adoption rates.
As he said, “We’re seeing more people move into the urban core of cities throughout the United States. And it’s just going to put a huge load on the roadways and on public transportation systems if some of that isn’t taking place by bike.”