Pike Research Forecasts Electric Bikes to Sell at 47 to 51 million units per year in 2018
Pike Research – With sales expected to reach over 30 million units in 2012, electric bicycles are the world’s best-selling electric vehicles. Rapidly accelerating urbanization, the increasing need for low-cost transportation in developing markets, and expanding opportunities for new market entrants are all helping to drive e-bicycle sales. The worldwide market for e-bicycles is projected …