After exhibiting regular progress for 5 years, e-bike gross sales skyrocketed in 2020. Latest improvements have resulted in lighter frames, a variety of security options (reflective paint, LED lights, hydraulic brakes), and extra snug rides. In the meantime, investments in metropolis infrastructure are serving to to make e-bikes a extra viable possibility for city commuters on the lookout for safer (and fewer sweaty) modes of transportation throughout the pandemic. Journey-sharing firms like Lyft have taken discover and entered the market, and the business continues to introduce options that focus on new markets, together with mountain bikers and hunters.
Sources: Deloitte (130 million); NPD (130% stat, $546.5 million stat); Rad Energy Bikes (1895, 1989); Lyft (60 miles, e-bike rides); “The Senate’s E-BIKE Act may make electrical bikes lots cheaper,” The Verge (E-BIKE Act); Mild Electrical Car Affiliation (400 e-bike manufacturers)