Global Market Opportunities, Barriers, Technology Issues, and Demand Forecasts for E-Bicycles, Pedal-Assist Bicycles, and E-Bicycle Batteries
Electric bicycles are the world’s best-selling electric vehicles with sales expected to reach over 30 million units in 2012. E-bicycle sales volumes are being driven by macroeconomic trends such as the growth of urbanization and the increasing need for low-cost transportation in developing markets.