Why Are Governments Encouraging E-Bike Integration in Shared Mobility Fleets?

The increasing provision of government incentives and subsidies in several countries is causing a sharp rise in the sales of e-bikes across the world. Subsidies in the form of price reductions or discounts are encouraging people to buy these bikes. For example, the Swedish government provided a subsidy of as much as 25% (or up to nearly $1,119) per e-bike to all the citizens of the country for up to three years in 2018.

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Because of the provision of this subsidy, more than 100,000 e-bikes were sold in 2018, registering a huge growth from the recorded sales of 67,000 e-bikes in 2017. Apart from this, the increasing concerns being raised in many countries over the escalating pollution levels are also pushing up the sales of eco-friendly modes of transportation such as e-bikes. In various countries such as Netherlands, Belgium, Germany, and Japan, people are increasingly preferring low-speed electric vehicles over the high-speed ones.

As a result, the demand for e-bikes is rising rapidly in these countries, especially for short-distance commuting. Moreover, the pedal-assist electric bikes are very beneficial for the health of geriatric people. Due to these reasons, the popularity of e-bikes is growing quickly all over the world. This is, in turn, driving the progress of the global e-bike market. The market valuation is predicted to surge from $14.4 billion in 2019 to over $25.9 billion by 2025.

According to the estimates of P&S Intelligence, a market research company based in India, the market would advance at a CAGR of 10.3%during 2020—2025. Shared and personal are the two most common types of e-bike ownership around the world. Between these, the demand for personally-owned e-bikes was found to be higher in the past years.

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This was because of the extensive utilization of personal or owned bikes by individuals for various sports and transportation activities across the globe.

Market Segmentation by Ownership Type

Personal
Shared
Market Segmentation by Battery

Lithium-Ion (Li-Ion)
Lead Acid
Others
Market Segmentation by Propulsion Type

Pedal-Assist
Throttle-Based
Market Segmentation by Region

North America
By ownership type
By battery
By propulsion type
By country – U.S. and Canada
Europe
By ownership type
By battery
By propulsion type
By country – Germany, Netherlands, Belgium, France, Italy, Austria, U.K., Denmark, Sweden, Spain, Switzerland, and Rest of Europe
APAC
By ownership type
By battery
By propulsion type
By country – China, Japan, India, Indonesia, Philippines, South Korea, and Rest of APAC
LAMEA
By ownership type
By battery
By propulsion type
By country – Mexico, Brazil, and Rest of LAMEA

Contact:

Prajneesh Kumar
P&S Intelligence
Contact: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

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P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.