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33.6 million electric bikes production expected for 2013 and start of 48 volt batteries for cars and electric bikes

Wednesday, December 19, 2012 2:32

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From NextBigFuture.com

By the end of 2013, nearly 400,000 plug-in electric vehicles (PEVs) will be dri the worldwide market for e-bicycles will increase at a compound annual growth rate (CAGR) of 7.5% between 2012 and 2018, resulting in global sales of more than 47 million vehicles in 2018. China is anticipated to account for 42 million of these e-bicycles that year, giving it 89% of the total world market. The e-bicycle market is anticipated to generate $6.9 billion in worldwide revenue in 2012, growing to $11.9 billion in 2018.ving on roads around the world.

Sales of electric bicycles in North America will grow by more than 50% in 2013 to more than 158,000 bikes. The world electric bicycle market will grow by 10% to more than 33.6 million units during that year. Almost of the global electric bikes will be in China.