E-Bike Startups Are Opening the Door to Entry-Level Transportation

electric bike -

E-Bike Startups Are Opening the Door to Entry-Level Transportation

The e-bike community is booming around the world. Navigant expects around 35 million e-bikes to be purchased this year. In comparison, electric vehicles currently account for about 1 percent of all vehicle sales around the globe, with about 1.15 million units to be produced worldwide. E-bikes have also become popular in Europe and are now viewed as an alternative to cars, according to the New York Times. This year alone, about 400K e-bikes are projected to be sold in the United States, which is about 2.5 percent of the total bikes sold in the country.

The big threshold is the cost of the bike and riders can expect to pay around $2000 for a quality model e-bike.

E-bikes have gained popularity in recent years. They are cheaper than other types of vehicles, easier to park, and are perfect for commuters who are looking for additional health benefits on their commutes to work. The average cost of maintaining and operating a car is about $9,283, compared to the $390 that it costs to operate an e-bike. For professionals who worry about working up a sweat pedaling up hills to get to work, e-bikes take the stress out of the commute.

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