A new report predicts that electric bikes will become the best-selling electric vehicles of the next decade, as defined by a battery-powered transport revolution over the next decade,media outlet The Verge reported. For many years, e-bikesales have been poor in most countries. From 2006 to 2012, e-bikes accounted for less than 1% of all annual bike sales. In 2013, only 1.8m e-bikes were sold across Europe, while customers in the United States bought 185,000.
But that is beginning to change as lithium-ion battery technology, prices, power improvements, and the city’s shift from gasoline-powered cars to zero-emission vehicles begin to change. Now analysts say they expect e-bike sales to grow at an alarming rate in the coming years.
Deloitte last week released its annual technology, media and telecommunications forecasts. Deloitte says it expects to sell 130m e-bikes between 2020 and 2023. It added: “By the end of next year, the number of electric bikes on the road will easily exceed that of other electric vehicles.” “
If you think that by 2023 the sales of electric bikes will reach 40 million vehicles a year, and then look at the popularity of electric vehicles, then it will become an easy prediction. By the end of 2018, there were more than 5.1 million electric vehicles. According to the International Energy Agency’s Global Electric Vehicle Outlook 2019, only 12 million electric vehicles are expected to be sold by 2025.
The sharp increase in sales seems to herald a dramatic shift in the way people travel. In fact, Deloitte predicts that the proportion of people cycling to work will rise by 1 percentage point between 2019 and 2022. On the face of it, it may not seem much, but the difference between the two will be striking because of the low base. The addition of tens of billions of bike rides each year means fewer rides and lower emissions, with spillover effects on traffic congestion and urban air quality.
Jeff Loucks, executive director of Deloitte’s Technology, Media and Telecommunications Center, said sales of e-bikes would not grow evenly across the country. He predicted that the city had the highest adoption rate. “We’re seeing more and more people moving into the urban heartofes of the united States,” Says said. If some of them are not cycling, it will place a huge burden on roads and public transport systems. “
Deloitte is not the only group to predict the e-bike revolution. Ryan Citron, an analyst at Guidehouse, had predicted that 113m e-bikes would be sold between 2020 and 2023. His figure, though slightly lower than Deloitte’s, still foresees a surge in sales. “Yes, e-bikes are the best-selling electric vehicles on the planet!” Citron added in an email to The Verge.
Sales of e-bikes have been growing steadily for years, but they still represent only a small portion of the overall U.S. bicycle market. According to NPD Group, a market research firm, sales of e-bikes grew by a staggering 91% from 2016 to 2017, and then by a staggering 72% from 2017 to 2018 to a staggering $143.4 million. Sales of e-bikes in the U.S. have grown more than eightfold since 2014.
But NPD’s Matt Powell believes Deloitte and other companies could push up e-bike sales slightly. Powell said Deloitte’s forecast “seems high” because his company only predicts 100,000 e-bikes to be sold in the U.S. by 2020. He also said he disagreed that e-bike sales would outstrip electric vehicles in the coming years. NPD continues to recognize that the fastest growing segment of the bicycle market is e-bikes.
Weak sales of electric vehicles in the U.S.
Still, sales of electric cars are weak in the U.S. Despite Europe’s adoption of aggressive policies aimed at reducing carbon emissions from new cars, the Trump administration has been trying to overturn Obama-era rules aimed at improving fuel efficiency. Tesla has sold hundreds of thousands of cars, but traditional automakers have been trying to find a way to achieve similar success with its first electric car. E-bikes may be getting more and more popular, but certainly not for everyone. But Deloitte says electrification can do more experiments in form factors. Bikes can be reconfigured to carry kids, groceries and even local delivery.
Electric bikes have some obvious advantages over electric vehicles – they are cheaper, easier to charge, and don’t require significant investment in supportive infrastructure. Cities can make the changes necessary to encourage more people to ride bicycles – for example, by establishing a network of protected bike lanes, restricting car use in certain areas and providing safe places to lock and store bicycles.