How many e-bikes are sold each year
How many e-bikes are sold each year?
You’d be surprised how impressive these numbers are!
In 1886, the first gasoline-powered three-wheeled vehicle, called the “Motorwagen,” was patented, giving birth to one of the most popular forms of transportation of the era, the gasoline-powered automobile. Sure enough, it provided convenience for people, but after a few years, various problems appeared again, proving the inherent disadvantages brought by these vehicles.
Setbacks include depletion of fossil fuels and many environmental concerns. Because of this, people like William Morrison invented the electric station wagon in 1890, paving the way for the rise of electric vehicles we can easily use today.
Today, we have a technological revolution, and many traditional devices are now more conveniently available to us through electric operation. Like e-books, e-players, e-tickets, e-cars, and most importantly – e-bikes or e-bikes. The electric bike industry is gaining popularity in every corner of the world every year and has the potential to be the future of transportation.
What are the numbers?
From 2006 to 2012, the establishment of the electric bicycle industry in the United States did not cause much repercussions. It’s still relatively small in number and very, very niche – but full of promising potential.
During this period, it accounted for less than 1% of the bikes sold each year. But when lithium-ion batteries started to become safer, more convenient, and more readily available, the e-bike industry gained more traction in the bicycle space. This improvement has led to a shift from gasoline-powered cars to more environmentally friendly electric bikes.
Over the next few years, between 150,000 and 200,000 bikes were sold in the U.S. and about 1.8 million in Europe. According to Deloitte’s technology forecast, 130 million electric bikes are expected to be sold globally between 2020 and 2023, more than 100 times the number sold over the past decade. This trend is growing exponentially every year and is shockingly unstoppable!
However, e-bikes are only seen as a secondary option when it comes to transportation, as some people still prefer a car, possibly an electric one, like a Tesla or BMW; or a regular gasoline-powered one. E-bikes are only seen as a ride to enjoy on sunny or cloudy days, where everything is relaxing and picturesque, and when you have all the time in the world rather than a productive day-to-day in the rush. Right now, that’s how people think about e-bikes, but in the next few years, people will surely realize the true value and benefits of using an e-bike.
That’s why if you look at the same forecast from Deloitte, 40 million e-bikes will be sold every year starting in 2023. A number of factors influence this forecast, including the choice of people to switch to healthier, greener lifestyles, not to mention the growing prevalence of bike-friendly cities that reallocate space for bikes. That’s good news, because e-bikes are really making the world a healthier place.
Regarding the same study, it can be assumed that more and more people will choose e-bikes over cars. Because over time, more and more technologies are developed to make electric bicycles safer, such as the invention of wearable airbags, advanced helmets, etc. In fact, there are a wide variety of e-bikes on the market today that will definitely suit your style and intended use, so you don’t have to worry about limited options.
In its 2019 Global Electric Vehicle Outlook, the International Energy Agency forecasts that by 2025, only 12 million electric cars and trucks will be sold and occupy driveways.
This number is far less than the number of electric bikes expected to be sold in the future. The study not only predicts the sales of electric vehicles in the next few years, but also publicly predicts the potential potential of electric bikes in ride-sharing services like we currently have in ride-hailing services for regular fuel-powered vehicles. We can only imagine so much when it comes to technological advancements, and e-bikes are certainly the future of land transportation.
Buying an Electric Bike: Your Essential Guide
Having said that, e-bikes are the future of transportation, but better get your hands on a shiny, beautiful bike before demand and prices skyrocket! To help you decide, and clear up some of your confusion and common misconceptions, here’s what you need to know when shopping for an electric bike:
Many people are still confused about the concept of an e-bike, how it works, and how it relates to neighboring vehicles. Since e-bikes are often confused with motorcycles or e-scooters, it’s important to understand the difference between the two. First, you should know that electric bikes are neitherlove these two.
As the name suggests, it’s basically a bike. It looks like a regular bike, but has an electric motor, a pedal sensor, and a rechargeable battery. Most e-bikes have electronic monitors where you can control your settings. Some more sophisticated models have more advanced digital displays. These key features work together to allow you to enjoy a faster, easier and more controlled ride.
What to look for in an e-bike
If you’re wondering what to look for in an e-bike, you must understand its main features so that you can be guided accordingly when making an informed decision. Because if you’re considering buying an e-bike, understanding the main features of an e-bike is one step toward understanding its many amazing benefits.
Its three main features are as follows:
Motor – This is what makes an e-bike “electric” because it converts mechanical energy into electrical energy. That’s (in many ways) what makes e-bikes so fast and convenient. The two types of motors are a hub motor – located on the rear or front hub; and a mid-drive motor – which can be found in the middle of a bicycle frame.
The battery – it powers your e-bike, which makes it the most expensive part of owning this beautiful vehicle. This can be an external battery – removable and easy to replace; or an integrated battery – which is built in and can be charged by connecting the e-bike to a cable and power source. Most batteries are made of Li-ion and have a capacity range of 24V-72V. While batteries are more expensive than other parts, consider them a good investment as a single battery will give you 5-6 years of normal use.
Electric Pedal Assist – Electric bikes only work when you’re at work. The reason e-bikes are confused with motorcycles is that they don’t know the function of pedal sensors that only e-bikes get. Two types of pedal sensors are torque sensors and cadence sensors. Essentially, the former adjusts based on how hard you pedal, while the latter depends on how fast you pedal. Now that you know these things, it’s also important to be familiar with the different modes of work:
Full Pedal – Lets you ride an electric bike like a regular bike. You may want to be in this mode if your ride doesn’t require any additional assistance.
Electric pedals – this is a combination of human power and electricity. You can use it when you want to increase your speed or run into slightly steeper slopes that might make it harder for you to pedal alone.
All-electric – you can use it to keep pedaling when you’re in a bad mood. Unlike the first two modes that require a little or all human effort, this one gives you peace of mind while your e-bike gets you where you’re going.
Different types of electric bikes
Electric bikes are carefully designed to suit different uses. Whether you’re an adventurous rider, traversing trails in sand, mud or snow, or a simple rider who just wants to get somewhere to enjoy the scenery, don’t worry, because we’ve brought you here!
1. Electric Mountain Bikes
Also known as eMTB, is a mountain bike that makes it easier for mountain bikers to hike smoothly on steeper inclines, great for the roughest trails, and great for longer trips. However, if you’re thinking about not pedaling at all, you might go for another type of bike that requires pedaling because it doesn’t have full throttle control. Other than that, you’re bound to enjoy a better version of your mountain bike.
Featured Product: Ecotric Rocket 36V 500W Fat Tire Beach Snow Electric Bike
2. Electric Cruiser Bike
Designed for cruising, allowing you to enjoy a more convenient and elegant journey. It has wide handlebars, a large plush seat for more comfort, and sometimes a cute little basket on the front of the handlebars, perfect for when you’re in the market for groceries. It can go up to 20 mph and is perfect when you just want to enjoy the surrounding scenery without being in a hurry.
Featured Product: Nakto Camel Women’s 36V 250W Cruiser Electric Bike
3. Electric commuter bikes
This is often referred to as a hybrid of a mountain bike and a dirt bike, and if you’re switching between smooth rides and extreme rides, you can use them both, delivering faster speeds with minimal effort speed. Designed for everyday use, it comes with an assist system that can accelerate your ride up to an extra 20 mph.
Featured Product: Hollandia Mimo 36V 250W 700C Aluminum Electric Commuter Bike
4. Electric Cargo Bikes
Designed for people who often carry luggage (such as packages and other items) and children but want to choose a healthier, cheaper and more environmentally friendly way to travel. It is made with a high-performance engine and can reach speeds of up to 20 mph.
If you are looking for a new way of commuting or want a healthier lifestyle, we are here to help you. Visit our website to learn more about electric bikes and electric scooter or please leave information to us.