E-Bikes: Growth Industry and Investment Opportunity for 2020's

Electric Vehicle of Choice - Electric Bikes

Source:  Vietnam Highway with E-bikes

Big Selling Surge Forecast by Deloitte

The 2020's will be the decade of electric vehicles.  But what may surprise you is that the biggest selling electric vehicle is going to be electric bikes not electric cars.  Just between 2020 and 2023, 130 million electric bikes will be sold globally, according to Deloitte, the global consulting company.  Deloitte also forecasts that the number of electric bikes on the road will outnumber other electric vehicles globally by end of 2020. What they are forecasting is a strong surge for e-bkes.

E-Bike Riding

It's been a slow sales climb for e-bikes.  For instance, in 2013, only 185,000 e-bikes were sold in the US.  Since then, there's been a seismic change that includes greater power, improved lithium ion batteries, greater tech and better pricing.  Plus, a focus by global cities and nations to cut carbon emissions, reduce car traffic and go for zero emissions as soon as possible. That ushers in a new era of electric bikes in  big cities globally.

Need for New Infrastructure

To make the new e-bike travel market happen, there is a need for new infrastructure.  Priorities are regulations to support networks of protected bike lanes for safe electric bike riding and also places to park and lock the e-bike for protection.  It's the future of travel and it's riding up to your doorstep as an environmentally friendly means of transportation right now .