E-bikes give the two-wheeled market a jolt

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Pandemic-induced fear of public transport and state subsidies have boosted the $65 billion bicycle business, with growing numbers opting for battery-assisted pedalling. As with cars, the shift is disruptive, writes peter_tl:

UK retailer Halfords on July 7 reported that revenue in its cycling business had risen 57% on a like-for-like basis in the 13 weeks to July 3, “helped by the avoidance of public transport, favourable weather conditions and the increased adoption of cycling as a health and leisure activity”.

The UK Bicycle Association on June 26 said that sales of bicycles worth between 400 pounds and 1,000 pounds more than doubled in April 2020 compared to the same month a year earlier. Sales of e-bikes were up 55% by value and 48% by volume.

 

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Breakingviews - E-bikes give the two-wheeled market a jolt(Reuters Breakingviews) - Electric bikes are giving the market for two-wheeled transport a big jolt. The pandemic that has boosted demand for bicycles also looks set to accelerate the shift to battery-assisted pedalling. As in the automobile market, though, the change is disruptive. Established players will have to make room for new upstarts. Breakingviews peter_tl Breakingviews peter_tl Great ❤️ Love Run Bike Breakingviews peter_tl Free market And mask manufacturers
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