Market Predictions
PikeResearch, a for-profit market research firm, released a report in 2010 which included market analysis and forecasts for electric two-wheel vehicles. They conclude that, "The worldwide electric two-wheel vehicle market is expected to grow at a compound annual rate of 9% through 2016" and that "a lack of a well-defined retail channel hampers faster adoption in North America and Europe." PikeResearch also forecasted that worldwide sales of e-bikes, e-motorcycles, and e-scooters will reach more than 466 million between 2010 to 2016, and China will continue to dominate the world market, with more than 95% of sales during this period. E-bikes sales are expected to have the largest share with 56% of the market.
However, the Los Angeles Times reported that electric bicycle sales in the U.S. have slowed in 2010 compared to 2009. This could be due to a slowing economy."
Read more about this topic: Electric Bicycle
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