Electric Two-Wheel Vehicles
Cycling really is for everyone.
Want more speed in your two wheels but don't want to increase your manual input? Consider electric bicycles, or any other electric two-wheelers such as motorcycles and scooters.
These still have the advantage of a lower carbon footprint than any mode of transportation that uses four wheels and runs of gas.
According to Pike Research, worldwide sales of electric two-wheel vehicles (E2WVs) are expected to increase at a compound annual growth rate (CAGR) of 9.4% through 2016.
For most people who live in developing countries, transportation by two wheels is the primary mode of transportation rather than a lifestyle choice, which is the case in North American and Western Europe.
The advancement of battery technology that increases the range and speed of two-wheel electric vehicles has hastened the adoption of e-motorcycles, e-scooters, and e-bicycles as well.
What slows this growing trend is the negative perception and lack of infrastructure for this technology.
Too many people still view e-bikes and e-scooters as "old" technology that lacks the prestige of automobiles.
Moreover, although government-funded incentives are becoming more common, the infrastructure required for electric vehicles, such as separate lanes and recharging stations, is often still not yet easily available to the majority of urbanites and suburbanites in the U.S.
What we need is to support this industry and to ask our governments for better infrastructure so that both the image and the availability of e-vehicles improve.
Pike Research is a market research and consulting firm that provides in-dept analysis of global clean technology markets. For more information, please visit pikeresearch.
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