Electric bicycle sales expected to climb to $10.8 billion in 2020 - latimes.com
Rohit Khare stashed this in TRAVELMAN
Stashed in: Cycling!
A mid-range e-bike sells for about $2,500. According to the Navigant Research report, e-bicycle revenue in the U.S. alone for 2013 will be about $82.3 million, and it is expected to reach $152.3 million in 2020.
“I can tell that awareness of e-bikes has increased,” Busch said.
Electric Bikes LA has been open for the last five years, selling and repairing a variety of e-bikes, folding bicycles, kick scooters and electric scooters. In that time, Busch said he’s noticed more stores in his area carrying e-bikes.
The bikes appeal to Angelenos looking to simplify their lives, he said. “We’ve had customers that have bought an e-bike and then returned the lease on their BMW,” Busch said. “People just want to downsize.”
Is there an advantage of an electric bike over a moped or scooter?
I mean, other than that you can pedal if you want?