Deloitte Claims e-bikes to Dominate Electric Sales Next Decade
【Summary】Forget about electric cars, e-bikes are expected to rack in 130 million sales between 2020 and 2023.
Now that more automakers are getting on the electric-vehicle bandwagon, electric car sales are expected to skyrocket. With range increasing, more chargers coming out, and prices coming down, automakers have started to address the issues with EVs.
Despite the advances in electric-vehicle batteries and charging infrastructure, electric cars won't dominate sales figures. Electric scooters won't, either. Instead, electric bicycles are set to become to most popular electrified forms of transportation in the near future.
Prepare For An e-bike Revolution
Electric bicycles haven't exactly been popular up until this point. The Verge claims that the electrified two-wheelers accounted for just 1.8 million units sold in Europe in 2013. In the U.S., that figure is a measly 185,000 units sold in the same year. But just like with electric cars, companies improved range, pricing, charging stations, and performance, making them more popular options for urbanites looking to get away from car ownership.
The changes have been so dramatic that more and more consumers have started to make the switch from pedaling themselves to choosing an e-bike that can handle some of the pedaling. In its annual technology, media, and telecommunications prediction, Deloitte claims that it expects 130 million e-bikes to be sold worldwide between 2020 and 2023. Furthermore, "the number of e-bikes on the roads will easily outpace other e-vehicles by the end of the year."
Forget about Tesla's new Cybertruck or Ford's upcoming electric pickup, electric bicycles are going to lead the way forward for EV sales. That figure dwarfs what analysts expect for EVs. The International Energy Agency's 2019 Global EV Outlook states that 12 million electric cars are expected to be sold in 2025.
e-bikes To Become More Popular
The increase for e-bikes is due to more than just technology. Deloitte also predicts that more individuals, at least in the U.S., will choose to bike to work in the next few years. From 2019 to 2022, the company believes there will be a 1 percent increase in the number of people that hang up their car keys for a bicycle helmet. More bikers means a larger market for e-bikes.
For commuters in the U.S., e-bikes will only appeal to those in urban areas. Why own a car when you can own an e-bike? And even with Deloitte's predictions, Europe and other global markets will carry the burden for sales. While sales of e-bikes have grown by eight times in the U.S. since 2014, reports the outlet, they still only make up a small portion of the total bicycle sales.
So it's not like e-bikes will suddenly swarm the streets, as consumers look to trade in their human-operated bicycles for e-bikes. Still, e-bikes are another way of improving pollution in cities and reducing the dependence on fossil fuels.
Vineeth Joel Patel
Joel Patel has been covering all aspects of the automotive industry for four years as an editor and freelance writer for various websites. When it comes to cars, he enjoys covering the merger between technology and cars. In his spare time, Joel likes to watch baseball, work on his car, and try new foods
2023 Jeep Grand Cherokee Trailhawk Now PHEV Only
Acura Prevision EV Concept Previews Brand’s Electric Future
Hyundai Gets Serious About Electric Performance Cars, Shows off Two Concepts
Ford Looks to Have 100% of EV Sales Be Online
Volkswagen CEO Believes It Will Overtake Tesla in EV Sales by 2025
Report Claims Nissan Leaf Will Be Discontinued by 2025
Autonomous Vehicles Will Require Cities to Change Their Transportation Methods
Rivian, Mercedes-Benz Partner to Produce Electric Commercial Vans
- Honda's New EV Friendly Retail Plans Hint at the End of Mega Dealerships
- LG Develops ‘Invisible’ Speaker Sound Technology That Could Revolutionize In-Vehicle Audio
- Toyota and Stellantis to Partner on a Large Commercial Van for the European Market, Including an All-Electric Version
- GM’s Buick Division is Getting a Makeover, Will Only Offer Electric Vehicles by the End of the Decade
- Volkswagen’s Software Unit CARIAD Selects Innoviz as its Direct Lidar Supplier for the Automaker's Future Software-Defined Vehicles
- Volvo is Building a New EV Service and Training Facility at its U.S. Headquarters in New Jersey To Fast Track its Electrification Plans
- Volkswagen Announces Pricing and Styling Updates for the 2023 ID.4 Electric SUV, Which is Being Assembled in Tennessee
- Munro and Associates Offers a Detailed Look of How the Front Seats of the Tesla Model Y Are Bolted to its Battery in New Video
- Volvo’s Brand Polestar Confirms That the Polestar 6 Electric Roadster Will Enter Production and Launch in 2026
- BorgWarner to Supply its Integrated Drive Module to Hyundai for a New EV That Will Enter Production in 2024