The future of electric bikes
Going green through premium electric bicycles are likely to attract more customers as governments globally adopt rigorous carbon emission standards. Some of the factors, such as fluctuation of gas prices, environmental concerns and the depletion of oil reserves are set to transpire into demand growth for premium electric bicycles.
Industry players believe the emergence of lithium-ion (Li-ion) has redefined the premium electric bicycle industry outlook. Palpable traction towards Li-ion batteries has come against the backdrop of innate characteristics of the batteries to bolster the overall performance of the bicycles by reducing maintenance requirements and improving range.
On December 2019, E-bikes Federal Tax Credit was implemented in the U.S. that applies to new electric bicycles purchased in 2018, 2019 and 2020.
The implementation of emission and safety norms have triggered a demand for premium electric bicycles. Increased traction for sports premium electric bicycles has been attributed as the main driver that has led for rollouts at massive scale.
Demand for electric bikes
The global electric bikes market is expected to grow to USD 26 billion by 2026, at a CAGR of 7.1% during the forecast period according to a study. An increase in the awareness of consumers concerning travel modes that alleviate pollution and transportation woes has been a major parameter for the growth of electrical bikes.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Electric Bikes or e-Bikes Market, 2017-2026. This report includes a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into US and Canada (Canada customers can now order directly at https://ca.himiwaybike.com/). Europe is divided into Germany, the UK, Italy and the rest of Europe. Asia-Pacific is bifurcated into China, India, Japan and the rest of Asia-Pacific.
Himiway electric bike features
The biggest feature of electric bicycles is that they are convenient to travel, reduce environmental pollution and adapt to the development of the times. At the same time, most consumers choose Himiway electric bicycles for the following reasons: first, Himiway Cruiser is an all-terrain fat tire electric bicycle that you can use for commuting to work, daily cycling, weekend trips and mountain training. Second, the Himiway Cruiser has a large battery life of 48V 17.5Ah, easily meeting the long-distance travel of more than 60 miles. Thirdly, the powerful 750W motor can easily climb up to about 30 degrees uphill, and it is also equipped with a gear shifter to make your riding more effortless.
In summary, in the coming year, we believe that Himiway will become a household name in Europe and America.
