E-mobility is the way forward
The global electric bike market size is
expected to see growth from $18.58 billion in 2021 to $52.36 billion in 2028 at
a CAGR of 16.0% in the period from 2021-2028. In addition to this, a research
firm, in its recent findings has predicted that in India, the e-bike market
will be valued at $2.08 million by 2026, up from $1.02 million in 2021. This
uptick in the market valuation complements India’s aim to expedite efforts
towards smart and sustainable cities in which e-mobility is shaping itself to
play an important role.
F.A Hayek, an Austrian-British economist, and philosopher has said, “Before we
can even ask how things might go wrong, we must first explain how they could
ever go right,” e-bikes must become a part of people’s social practices.
Besides benefits for the environment and urban sustainability, e-cycles also
offer a range of other benefits — from being health-friendly to offering an
opportunity to time travel to the days of newfound freedom and reinvent
yourself – a green way to have fun!
tackle climate change and its impact, the e-bicycle is seen as one of the
biggest innovations of the 21st century. It is bringing about substantial
societal changes such as improving urban air quality and public health,
especially in heavily populated cities, and result in easing traffic
a raging pandemic, a boom in e-bicycle sales across the globe indicates a shift
in consumer behaviour that is finding a workable solution to the problems of commuting
and exercising in a pandemic. A call for social distancing and the quest for a
protected, extra accessible public transportation and sustainable journey have
led to the rising adoption of e-bikes among native residents. And as it is
predicted that by 2050, over 2-5 billion people are expected to be living in
cities, more e-bicycle usage will be necessary to take us all towards a
sustainable future and reduce the strain on existing transport options.
e-bicycle industry is transforming itself to be the game-changer in achieving
an advance and greener world. Thus, we are not very far from seeing futuristic
e-bicycles with a solar-powered backup moto, an on-board computer, which
displays a range of data about the ride such as speed, location, and calorie
consumption that will also be robust and stable enough for challenging surfaces
used widely. Further, folding urban e-bikes that will make city riding safe and
efficient will be fit into a container about the size of a briefcase.
it comes to parking, a staggering amount of our urban space is devoted to
storing cars that may sit still for long hours daily. To take up less space,
and turn our current car-based parking system into things needed for
recreational activities, e-bikes will play a significant role in bring out more
spaces inside real estate properties in the urban landscape.