Electric bicycles have established themselves as a prominent mode of transportation worldwide, and their popularity continues to surge as the electric vehicle revolution is slowly spreading over the world. Embracing the advantages of electric bikes not only benefits the economy but also promotes the general well-being of the population. Germany, in particular, has witnessed a remarkable upswing in the e-bike industry, displaying no signs of slowing down despite initial hesitations earlier this year. In May, favourable weather caused the popularity of e-bikes to go up again. By the end of May 2023, Germany had produced over one million electric bikes, marking a significant five-percent growth compared to the same period last year. This growth is particularly impressive considering the challenging economic climate the country has faced.
Good weather boosted the sales of e-bikes, benefitting the industry
Burkhard Stock, the Managing Director of the Zweirad-Industrie-Verband (ZIV), discussed this unexpected turn of events in a report published by German e-bike publication E-Bike News. He mentioned that they had anticipated a slowdown in the market during the first few months, given the ongoing European war, inflation concerns, general reluctance to make purchases, and adverse weather conditions. However, the arrival of good weather promoted more outdoor time, and that led to a positive shift in the industry.
ZIV, a prominent organization in the German and international bicycle industries, plays a crucial role as a governing body and major stakeholder in the European e-bike sector. About 90 percent of all electric bikes produced by German companies are manufactured by ZIV member companies. Their presence ensures the industry’s steady growth and development.
In addition to the domestic market, German-made electric bicycles have gained traction in other parts of the world. In the first quarter of 2023, a staggering 190,000 electric bikes were exported, signifying a significant 28-percent increase compared to the previous year. Notably, a majority of these exports were destined for European Union and European Free Trade Association member countries. With such a strong export performance, it is anticipated that the German e-bike market will produce a total of two million electric bicycles by the end of 2023.
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(Via)
