From commuters to avid cyclists, there is no denying the growing popularity of electric bikes. E-bikes have been on the rise over the past few years, and now it seems like more and more people are turning to these innovative machines for their transportation needs. From health benefits to increased usage in delivering products, e-bikes have proved themselves in every domain. Read on to find out some key factors driving growth in the e-bike industry and what it could mean for the future.
Features of E-Bikes
Before understanding the reasons behind the increased use of e-bikes, let us understand their features.
- Efficient motor
- Rechargeable batteries
- It can be folded, taking up less space
Reasons why the E-Bike Industry is Growing Rapidly
Currently, the e-bikes market in India is valued at USD 2.1 million. They are becoming increasingly popular in tier-1 cities. Below we discuss the prime reasons why the industry is blooming rapidly.
1. Convenient and eco-friendly
The key advantage of e-bikes is that they are safe for the environment. With a world where global warming is at its peak and the effects of climate change are haunting us time and again, we need to re-think our priorities. This has resulted in the increased use and popularity of e-bikes. They emit lower pollution than cars and other bikes, making them the environment’s best friend.
2. Fast and flexible
Traffic in India always tests our patience. Most of the population in tier-1 cities owns their mode of transportation, contributing to the same. Amidst this, e-bikes are a saviour as they are fast and flexible. You can go faster from the designated lane and reach your office or destination easily, instead of having to listen to the unnecessary honking and what not..
3. Improves fitness
Despite the pedal assistance, e-bikes still contribute positively to your health, enhancing both your physical and mental well-being. So burn some calories with the new and advanced e-bikes.
4. Cut-down expenses
Petrol prices are quite high in our county and affect your pocket as well. With e-bikes, you reduce your petrol and diesel expenses. Just recharge your battery, and you can take your bike wherever you want.
5. Easy procurement
Waiting for your driving licence is difficult. Knowing how to drive but being unable to go on a car ride is saddening. But with e-bikes, you do not require any licence. You can charge, carry your helmet and go anywhere you want.
6. Instalments of power stations
With the Electric Vehicle (EV) industry on the rise, it was understood that there is a need to install power stations to allow EV owners to charge their vehicles in case the battery is about to die. With the demand increasing, the government has installed power stations in malls and bus stops to allow e-bike owners to travel without fear.
7. Economical on your pockets
E-bikes are comparatively cheaper than motorcycles and cars, making them easy on pockets. The price of e-bikes starts from around Rs. 20,000, which is more affordable than a bike or a car which can cost more than double.
8. Innovative and futuristic
There’s no lie that e-bikes will be the future globally. With features like pedal assistance, batter-stored power and sleek design, they are innovative, cutting down costs and making them safe for the environment.
The emergence of e-bike-sharing services has also impacted the e-bike industry. These services allow users to rent an e-bike for a small fee. This is a great way for people to try out e-bikes without having to purchase one, and it is also a great way to encourage people to use e-bikes more often.
For some, even purchasing an e-bike might be a little harsh on their pockets. To counter the same, you can explore zero down payment electric bike offers to get a loan and convert the payment into EMIs, which will not feel heavy on your pockets and will contribute to a healthy environment as well.
In conclusion, the e-bike industry is growing rapidly, thanks to the increasing popularity of e-bikes, the availability of e-bike or scooter loan, the emergence of e-bike sharing services, and the increase in e-bike manufacturers. All of these factors have contributed to the growth of the e-bike industry, and this trend is expected to continue in the future.
