E-bike Market Expected to Exceed$102.64 Billion by 2031
Recently,InsightAce Analytic Pvt.Ltd.announced the release of a market assessment report.The report indicates that the global
E-bike market is expected to exceed $102.64 billion by 2031,with a compound annual growth rate(CAGR)of 11.93% during the forecast period.
Incentives Found to Stimulate E-bike Sales in Canada
A study conducted by the REACT Lab at the University of British Columbia examined participants of an E-bike incentive program
in the Saanich area of the province.The study found that most new users continued to use E-bikes instead of cars one year after purchase,
averaging a reduction of 16 kilograms of greenhouse gas emissions per week.Compared to the costs of greenhouse gas emissions and
the benefits of electric vehicle incentives,E-bike incentive programs are more cost-effective and worth promoting.
Auckland Reissues Micro-Mobility Vehicle Licenses
Recently,the Auckland City Council issued new micro-mobility vehicle licenses to Lime and Flamingo.The license term is two years,
starting from November 4,2024.The Auckland Council has improved its micro-mobility conduct guidelines to better manage operator
compliance and influence user behavior.The applications will be assessed according to the requirements of the"Public Trading,Activities,
and Filming Regulations 2022"and the Auckland Transport"Road Corridor Activities Regulations 2022,"ensuring that applicants can
demonstrate their ability to comply with the micro-mobility conduct guidelines.
China's Ministry of Industry and Information Technology Completes Draft of E-bike Safety Technical Specifications
Recently,China's Ministry of Industry and Information Technology completed the draft of the"E-bike Safety Technical Specifications"
(Consultation Draft).The deadline for public consultation is October 19,2024.The new standards limit the maximum design speed of electric
bicycles to 25 km/h,enhance their fire-retardant performance,and propose adding features such as real-time communication and BeiDou
satellite positioning to better regulate the rapidly developing electric bicycle industry in the country.
UK Off-Road Adventure Bike Market Sees Growth
Recently,the term"mountain bike"has seen monthly search volumes exceeding 22,000 in the UK,indicating a growing popularity of
off-road adventure bikes.Pauls Cycles reports that mountain bikes accounted for over 40%of the total bike sales for the brand this year,
with sales of electric mountain bikes also increasing by 14%year-over-year.