I think that's going too far when one considers normal day to day cycling speeds.To people of even very average fitness you would have to live in a very hilly or windy area for a legal one being any use.
Of all the unpowered bikes I see on the flat in my area, only the drop handlebar sporting types are normally doing around 20 mph. Mountain bikes are more likely to be seen ridden at between 12 and 15 mph, and utility bikes are typically ridden between about 10 and 12 mph. Those speeds have been generally true throughout my long life in many areas.
E-bikes are not intended to be sports bikes as I've observed above, they are electric assist for utility cycling at the above speeds. Those who wish to ride at higher speeds are very well served at every level with mopeds, and motorcycles from lightweight through to supersport machines capable of 200 mph.
Speed brings with it dangers and civil implications of various kinds which demand that faster vehicles be registered and traceable, and anyone is free to have a much faster and more powerful e-bike by importing or creating it and registering it for single vehicle type approval, then complying with the regulations for motor cycling. The full test cost for Single Vehicle Approval (SVA) is £200 and a retest at £45.
So ultimately no-one is preventing anyone from having more speed or more power on a bicycle or any other two wheeler, but they must comply with the regulations thought appropriate by the authorities for each circumstance.
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