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E-bikes everywhere. Around the world, it’s likely that 130 million more electric bikes (e-bikes) will be hitting the road between 2020 and 2023. Design improvements make these bikes more comfortable to ride, commuters are increasingly choosing e-bikes over pedal bikes, and mobility companies are getting in on the action. Industry players are doing their best to attract new types of customers—hunters, for example. [Fast Company] |
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Faster and quieter. As people sought safer ways to travel and exercise during the pandemic, e-bikes have grown ever more popular. Families and beginner riders were particularly likely to hop on an e-bike, with a growing group of mountain bikers also favoring electric rides. Now, many American cities are grappling with whether to allow e-bikes into their recreational trails and parks. Critics say e-bikes, which are quieter and faster than regular bikes, can sneak up on pedestrians and are therefore more dangerous. [Wired] |
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It’s a worldwide trend. Two- and three-wheel electric vehicles have surged in popularity almost everywhere since the COVID-19 pandemic began. Globally, sales of small-format electric vehicles have increased by more than 14% annually. Although growth is plateauing for electric two-wheelers in China, e-bikes are soaring in popularity in the EU, Latin America, the Middle East and North Africa, and Southeast Asia. |
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E-rickshaws. Thanks to e-bikes, many people will have climate-friendly and affordable transportation options. India sells the largest number of electric three-wheelers, making up about half of all rickshaws in the country. By 2026, about 80% of all three-wheelers in India will be electric. See our analysis of global trends for small-format electric vehicles, including where the market is hottest and how companies can win. |
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| — Edited by Katherine Tam |
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Copyright © 2022 | McKinsey & Company, 3 World Trade Center, 175 Greenwich Street, New York, NY 10007
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