Do you believe ebikes are just a fad? You might want to rethink that. In fact, ebikes are becoming increasingly popular as an environmental, economical, and workout-friendly form of transportation. According to a news report, titled “Electric Bikes Market by Product Type, Drive Mechanism, and Battery Type: Global Opportunity Analysis and Industry Forecast, 2017-2025,” the global ebike market was valued at $16.34 billion in 2017, and is expected to reach $23.83 billion by 2025 – a significant growth in a little under 10 years. As a result, sales on global vehicles are expected to stay stagnant, or if not, dip over the same time period. This means that more people are forsaking their cars in exchange for ebikes.
Ebikes, or as the Canadian Federal Legislation has legally defined as “assist bicycles”, or “power-assist bicycles”, have become increasingly popular—and for a good reason. Unlike motorbikes or mopeds, which fall under a different category and are subject to different laws, ebikes contributes significantly to fewer greenhouse gas emissions as they do not include an internal combustion engine. This has been an important factor in attracting customers, especially younger generations who have rising concerns about global warming.
Some additional benefits of electric bikes that are likely helping the spike in ebike sales is that electric transportation provides additional power for not only long-distance commute at higher speeds, but also for heavier cargo. As compared to the traditional bike, ebikes also allow riders to better manage their commute time since the mechanical engine provides an energy boost that our human bodies may not be physically capable of otherwise. Finally, the greatest incentive in having an ebike is the fact that riders can shy away from the surging fuel prices that are subjected to traditional motorized vehicle users, making ebikes a potentially lower-cost transportation option.
With improvements in ebike motors and battery technology, electronic bikes are becoming more accessible to those who cannot afford or do not want to buy a car. As compared to other conventional modes of transport, bike manufacturers need lesser raw materials. With technology advancement, almost every component of an electric bike including the batteries is manufactured, recycled, or processed with a lesser impact on the environment, which really speaks to a newer generation of ebike riders.
Many local governments are beginning to give subsidies for electric bike riders, which is an added bonus for the public to get into the ebike scene. Currently, British Columbia is giving an $850 rebate to scrap your old car and buy an ebike. The Ministry of Transportation will also fund biking initiatives, such as “Learn to Ride” programs and safer biking routes as a means of making active transportation more accessible to youth.
At EbikeBC, we can help you decide on the best ebike for you. If you want to give some power to your regular bicycle, we also have conversion kits that are easy to install. Whether you’re a beginner or are more experienced, take a look at our lineup as we have something for everyone. Alternatively, you can give us a call if you have any questions. Click HERE to get in touch.