Electric Bicycles Will Reach Nearly $11 Billion in Annual Revenue by 2020

While electric bicycles (e-bicycles) are still a nascent market in North America, they have been embraced in many Asia Pacific countries as well as some countries in Europe.

As the use of bicycles, scooters, and other forms of two-wheeled transport as commuting vehicles rises in large cities around the world, e-bicycles are expected to expand their reach steadily.