Number of 466 million e-Bikes to be introduce in research by 2016
Published On Feb 20, 2010 12:00 AM By Mansi Malhotra
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U.S. based firm, Pike Research, studies on e-bikes, e-motorcycles and e-scooters. Worldwide sales of electric two-wheelers are to set off its e-bikes on roads by next six years. 446 million e-bikes are expected to be introduced in auto market. China will override the global electric two-wheeler market, representing more than 95 percent of sales during the next six years, not amazingly Predicts Hurst, followed by e-motorcycles at 43 percent and e-scooters in far third with less than 1 percent, e-bikes will grip a 56 percent shares of the market. Pike's industry analyst Dave Hurst says,“Demographics and economics are positioned to open a strong market opportunity for two-wheel electric vehicles. These vehicles will be key products of economical engines, while in other they will be signals of broader consumer behavioral shifts. Like it or not common, future will be created a small urban transport and if people like e-grand prix, founder Azhar Hussein have their way. It will also be the future of two-wheeled motorsport.