It seems every day we are seeing a new highlight in the Electric Vehicle space. Whether it is a new model or another City with a plan to phase out fossil fuelled vehicles, there is no doubt the momentum for EVs and autonomous vehicles is building.
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| The e-bike revolution. |
However, in the background a quiet revolution has been taking place. The fastest growing segment in the transport world now is e-bikes, or electric bicycles.
As with many things, China is the biggest market with an estimated 30 million sold in 2016, compared to the rest of the world selling around 4 million, according to Navagant Research.
In 2017 e-bike sales in much of the EU had double digit growth with the standout, Italy by 50%. Germany had 19% growth for a total of 720,000 sales.
It appears e-bikes are popular across demographic groups with the younger generation possibly eschewing driving or car ownership in favour of an e-bike.
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