The manufacturer predicts that by 2025, half of all bicycles sold in Europe will be electric
One of Europe’s largest suppliers of electric bicycle parts predicts that by 2025, half of the pedal bicycles sold in Europe will be equipped with motors, highlighting the rapid changes in transportation that are accelerated by the pandemic.
Claus Fleischer, CEO of Bosch eBike Systems, said that as consumers have found new ways to spend extra time and money, sales of electric bicycles have skyrocketed during the pandemic.
With the strongest growth in towns and cities, this also reflects the desire of commuters to avoid public transportation and cars to avoid crowds and traffic congestion, while using more environmentally friendly travel methods.
“According to our predictions, in the next three to four years, every two bicycles in the core European market should be an electric bicycle,” said the head of the private group that provides batteries, motors and display systems to bicycle manufacturers. Said.
Bosch’s department head predicts that the annual growth rate of electric bicycle sales will return to the pre-pandemic level of 20-25%, and in 2020, the annual growth rate of many European countries will exceed 40%.
It drives the expected growth of electric two-wheelers on the African continent, especially for those who want to commute to get off work without having to sweat as much as riding a bicycle.
“We have eliminated all excuses why not to ride a bicycle. If you don’t make excuses, then people will like to ride longer and longer,” said Fleischer. His company’s core markets include Germany, the Netherlands, Belgium, and Luxembourg. , Austria and Switzerland.
These vehicles are also relatively cheap compared to cars. The cost of electric bicycles ranges from 2,000 Euros for entry-level models to more than 10,000 Euros for the top models supplied by Bosch.
After city trips, mountain bikes and touring bikes are the second most popular category of electric bikes.
According to data from the European Bicycle Industry Federation (Conebi), an industry body, 4.5 million electric bicycles were sold in Europe last year, an increase of 34% from 2019 and accounting for one-fifth of total bicycle sales.
“Electric bicycles are by far the highest-selling electric car on the European market,” said Conebi General Manager Manuel Marsilio.
Conebi said that the value of bicycle parts and accessories produced in Europe will reach 3 billion euros in 2020, but it is expected to double by 2025.
Fleischer said that the bicycle supply chain is returning to Europe from Asian countries such as Taiwan, China and Vietnam. About 80% of the electric bicycles sold in Europe last year were manufactured in continental Europe.
However, he warned that the continued growth of electric bicycles is premised on regulations and infrastructure. Electric bicycles are considered equivalent to ordinary carts in Europe, so they can use bicycle lanes, but the industry is cautious about reducing the maximum speed at which the motor cuts off.
“We have all the rights and obligations of bicycles,” he added. “This is the greatest value we have. We will not allow any policy makers to change this.”
Fleischer said that the shortage of electronic components has not interrupted production, but he does not rule out that it will affect manufacturing later this year.
This is in stark contrast to the shortage of mechanical parts that disrupt global bicycle manufacturing.