E-Bikes Come of Age; Set for Phenomenal Growth

July 23, 2013 / 3 Comments

E-bikes may be seen as extremely green. Though the pedalling variants are much more eco-friendly, e-bikes needn’t be written off. When you are on a long distance commuting venture, electric powered bikes play the best green companion, that is.

electric bicycle2 E Bikes Come of Age; Set for Phenomenal Growth

A report says that the electric bike industry on the growth path and is predicted as grow from $8.4 billion in 2013 to $10.8 billion in 2020.

Though it has been China leading the pack of electric bike nations, other regions too are joining in the fun and are increasingly finding buyers for the vehicles.

It has been reported that 9 of every 10 e-bicycles being sold are in China. In the meantime,Western Europe has also found a fascination for green wheels, with the region accounting for 20% of global e-bicycle revenue on a yearly basis.

Comparatively, In the North American marketplace, there are many young consumers who have developed a keenness for owning e-bikes. Significant is the fact that the electric bicycles are bought not just as an entertainment, but riding needs come first.