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Tuesday, 10/23/2018 9:25:52 AM

Tuesday, October 23, 2018 9:25:52 AM

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The electric-vehicle future will run on two wheels: Adam Minter
Bloomberg News | Oct. 14, 2018

Today there are 200 million them, with 30 million more added every year.

In 2023, global sales of such e-bikes are forecast to reach approximately 40 million units https://www.statista.com/statistics/255653/worldwide-sales-of-electric-bicycles/
This statistic represents the projected sales of electric bicycles with pedal support of up to 25 kilometers per hour worldwide in 2014 and 2023. In 2023, global sales of such e-bikes are forecast to reach approximately 40 million units. China is expected to remain the most important market for electric bikes worldwide, as 34.3 million units are predicted to be sold here.

This statistic represents global sales of electricity-powered two-wheelers between 2016 and 2024. It is predicted that around 55 million electric motorcycles and scooters will be sold globally by 2024. https://www.statista.com/statistics/445004/worldwide-sales-of-electricity-powered-two-wheelers/

http://www.mining.com/web/electric-vehicle-future-will-run-two-wheels-adam-minter/

Given recent market turmoil, it would easy to overlook the upcoming IPO of Niu Technologies, a Chinese manufacturer of electric mopeds. The $95 million the company plans to raise is a pittance compared to the billions burnt by Tesla Inc. But, the technologies developed by Niu and other pioneers of electric two-wheel vehicles will transform transportation as much as anything dreamed up by the likes of Elon Musk.

Until recently, electric motorcycles and scooters received far less global attention than electric cars. That’s beginning to change, especially in India, where two-wheelers — predominantly motorcycles — account for 76 percent of vehicles on the roads and a whopping 30 percent of the country's pollution. In Southeast Asia's biggest economies, the number of households that own two-wheelers exceeds 80 percent. Cleaning up the region’s air means reducing emissions from two-wheelers.

Electric cars, even cheap ones, won't solve the problem. Cost is the first and tallest barrier. In India, a new, entry-level commuter motorcycle can cost less than $500 (and, on the secondhand market, far less). Traffic is the next burden. In the megacities of emerging Asia, jams are notoriously bad and getting worse. In Mumbai, the average speed of city buses has declined from 10 miles per hour to 5.5 miles per hour over the last decade. Little wonder that even commuters who can afford a car often look to bikes and scooters to get around.

For similar reasons, the region's booming e-commerce industry heavily relies upon two-wheeled transport for deliveries. Finally, there’s the matter of parking. Beijing is home to approximately twice as many cars as parking spaces — a ratio that’s likely to grow. The problem is common throughout the developing world and made worse by spiraling real estate costs, especially in the central parts of cities.

The good news is that Asia's emerging middle class seems open to the idea of e-scooters if the price is right and charging is convenient. In China, low-speed electric bicycles powered by bulky lead-acid batteries have replaced many traditional motorcycles and scooters, especially given more stringent emissions rules. They're cheap, and — unlike electric cars — the batteries can be charged at home or at the office. Today there are 200 million them, with 30 million more added every year.

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