A Third of All Bikes Will be Electric by 2024

A Third of All Bikes Will be Electric by 2024

Electric bike sales are projected to grow at a compound annual growth rate of 10% over the next five years. This is great news for people looking to get into urban biking without having to deal with traffic and parking issues—it's also good for our environment!

Electric bikes will be 36% of the market for all bikes by 2024.

As more and more people use e-bikes, it's only a matter of time before they replace cars entirely.

Electric bikes are 20% of the market for all bicycles now, with e-bike sales increasing rapidly. By 2024 they will be up to 36% of all bike sales worldwide. 

This is because electric bikes are much cheaper than cars, easier to use and far safer than driving your own vehicle on busy roads.

The electric bike market is growing fast and will be a significant part of the future for bikes. It's important for everyone to understand the benefits of these bikes so that they can make an informed decision about whether or not they want one. If you're looking for a new way to get around town or just want something fun to ride with friends on weekends, then an e-bike might be right up your alley!

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