130 Million Light Electric Vehicles to Be Sold Annually by 2025

OCT 27 2013 BY ERIC LOVEDAY 3

BMW e-Bike

BMW e-Bike

130 million?  Can that figure possibly be true?

BMW e-Bike Live in Frankfurt

BMW e-Bike Live in Frankfurt

It is, says ID TechX, but first we must explain what’s meant by light electric vehicles.

Light electric vehicles include bicycle, scooters, personal mobility devices, mopeds and motorcycles.

ID TechX furthers says that “Nearly all electric vehicles are and will remain e-bikes, with the e-bike market growing to be about 1 in 2 bicycles worldwide, or 65 million electric bicycles per year.”

Of course, we must look beyond the US to see that what ID Tech X is saying is actually true.

In several Asian countries, the electric bicycle is the primary means of transportation.  Likewise, electric scooters are growing increasingly popular in Europe and in Asia.

All of this leads to ID TechX predicting that at least 130 million light electric vehicles will be sold yearly from 2025 on.  This figure, according to ID TechX, will make light electric vehicles one of the “world’s largest industries.”

Source: ID TechX

Categories: Bikes, General

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3 Comments on "130 Million Light Electric Vehicles to Be Sold Annually by 2025"

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Warren

LEV’s are about .5-2.5 times the rider’s weight. No other vehicles can come close in terms of lifetime CO2, from manufacturing through recycling. Ultimately, 10 billion people will have these, or nothing.

Spec9

Electric bicycles are really awesome. There are a lot of commutes that would be a hassle to walk but if you have an electric bike, it is a breeze. Granted, people should pedal for the exercise but it is nice to be able to just cruise if you are going to work and don’t want to arrive all sweaty.

I think I need to pick one up.

John Dee

The electric bikes we purchased about a year ago have completely changed our lives. As more experience them and spread the word, sales should grow exponentially. After reading online reviews, we decided to get 2 Pedegos because they make mostly 48 volt models which was the right choice for us.