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Sustainable mobility: the growth of the e-bike industry

2 min. reading
E-mobility, Shared mobility, Smart cities / 7 November, 2021

Karla García Gil Journalist

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The e-bike industry has become very popular in recent years and has even become the best-selling electric vehicle in the world, since it is the best alternative to the use of public transportation, private cars and traditional bicycles, since the latter requires a physical effort that can be exhausting for many people, while the e-bike has a motor that facilitates pedaling.

Advantages of shared mobility

Advantages of shared mobility

Without realizing it, thanks to the massive consumption of fossil fuels that comes with everyone having their own car, we caused the acceleration of global warming that we are trying to combat today.

In this sense, the main objective of the urban electric bicycle is not physical exercise per se, but to provide a sustainable mobility solution, as well as an easier and more economical way to travel. In 2020, more than 4,000 tons of CO were saved thanks to the use of this means of transportation.

It is undeniable that, the arrival of the SARS-COV2 pandemic boosted the use of the electric bicycle, this, coupled with many policies to encourage cycling and ambitious investment plans to transform today’s cities into cycling cities, which underpins long-term growth.

In Europe, the e-bike has become the preferred choice of users, sales during 2020 recorded an increase of 52% compared to 2019, corresponding to a turnover of 11,967 million dollars and sales of 22 million units, according to data from the Confederation of the European Bicycle Industry. It should be noted that, of the total number of e-bikes sold in the European Union, 80% are manufactured there.

On the other hand, in Latin America the number of trips with such means of transport grew 66% in the first eight months of 2021 and the market in the region is preparing to register an annual growth rate of 7% during the period 2020-2025 according to the report Latin America E-Bike Market – Growth, Trends, Covid-19 Impact, And Forecasts (2021 – 2026).

It is worth noting that in September of this year the largest investment in e-bikes in Latin America was announced by Tembici, a Brazilian startup that operates in the micromobility sector (a mode of transportation that operates through very light vehicles) and reported a fundraising of US$80 million, led by Crescera Capital. The company has a fleet of 16,000 bicycles and its projects are present in major cities in Brazil, Argentina and Chile.

In this context, although the most powerful models can exceed 50 km/h, it is likely that less powerful e-bikes will dominate the market in America and Europe, while demand for more powerful bicycles will lead the Asia-Pacific region.

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