Wednesday, 28 March 2012

Annual Sales of Electric Bicycles to Surpass 47 Million by 2018

The main theme at this year's Taipei International Bike Show was electric bicycles. The technology is improving, the styling of the bikes is better and it's predicted that annual sales of them will surpass 47 million annually by 2018. That's a hellava lot of e-bikes silently whizzing around.

All too often, the public jump from cars straight to scooters without considering the value of electric bicycles.

Thanks to their electric motors that assist the rider, they can make bike-commuting more accessible to people living in hilly area, or people with longer commutes, or those with physical problems that make regular bikes too difficult to use.According to a new report from Pike Research, "the worldwide market for e-bicycles will increase at a compound annual growth rate of 7.5% between 2012 and 2018, resulting in global sales of more than 47 million vehicles in 2018. China is anticipated to account for 42 million of these e-bicycles that year, giving it 89% of the total world market. The e-bicycle market is anticipated to generate $6.9 billion in worldwide revenue in 2012, growing to $11.9 billion in 2018." via
 At the moment these puppies are giving you about 35km on a full battery that takes about 3 hours to charge and sending you on your way at about 25km/h. That's Constantia to Durbanville in just over an hour on a bicycle. Almost faster than a car in traffic.