The latest market data released from ZIV, Germany’s “two wheeler” trade body, reports just under one million electric bikes were sold in 2018, an increase of 36% compared to 2017.
The market share for electric bikes now stands at 23.5%. With customers favouring higher quality equipment, comfort and a longer product life, all of which have been ‘observable trends for several years,’ ZIV say that industry innovation – improvements in battery and drive technologies, aesthetics and integrated power – have all played their part in continued market growth.
Furthermore, e-bike exports increased to 440,000 units last year – 51% more than the previous year.
Warmer weather paved the way for stronger retail sales volume across all cycles in Germany, with an overall increase to 4.18 million units of both assisted and ordinary cycles sold in 2018, an increase of 8.6% on the previous year.
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