US electric bike market is the best evolving sector

Introduction:

Is it by focusing on affordable and efficient urban mobility, electric bikes have experienced a boom in demand in the US market? We will provide insights into the increasing trend of US electric bikes, riders, brands, retailer shops, cycling routes, and government support policy in the US.

Is it by focusing on affordable and efficient urban mobility, US electric bike has experienced a boom in demand in the US market? We will provide insights into the increasing trend of e-bikes, riders, brands, retailer shops, cycling routes, and government support policy in the US.

The growing trend of the US electric bike market has certainly made it the best evolving sector:

The US electric bike market has been on a steep upward trajectory. The US e-bike market was worth US$847.5 million in 2022. According to NPD Group, a market research company, the e-bike sales have surged over 145% in 2020 alone.

This exponential growth is certainly driven by the desire for eco-friendly transportation modes, an emphasis on physical fitness, and the need for cost-effective commuting options.

By making e-bikes more affordable and efficient, this uptrend is expected to continue, so the US electric bike market projected to be worth over $30 billion by 2026. IMARC expects the US e-bike market to achieve a CAGR of 11.79% from 2023 to 2028. Click here to view IMARC report.

Electric bike market in the 20 century:

• At 1989, Yamaha built one of the first prototypes of e-bikes and later also invented the pedal assist system in 1993.
• Global production of e-bikes increased by 35 per cent between 1993 and 2004.
• In 1997, Lee Iacocca founded EV Global Motors and produced E-Bike SX, one of the first electric bikes to become popular in the US.
• The first more affordable e-bikes used bulky lead-acid batteries, whereas the more expensive models relied on NiMH, NiCd, or Li-ion batteries.

The electric bike market continues to grow 2019-2023:

• At 2019, the market for electric bicycles was valued at 15.42 billion dollars.
• Pedelecs dominated the market by type of propulsion in 2019.
• Urban e-bikes dominated the market because most riders stayed in the big city.
• Between 2020 and 2023, over 130 million electric bicycles are expected to be sold worldwide.
• At 2023, e-bike sales to reach 40 million units worldwide, generating about US$20 billion in revenue.

Click here to read full details about E-Bike Facts & Statistics for 2023.

The Image of Car free bike paths in the USA:

Reasons for the growth of US riders certainly promises to be one of them:

There has been a substantial increase in the number of e-bike riders in the US. Initially popular among older adults, but e-bikes have become a best choice for US riders of all ages. Cycling has many personal benefits, including stress relief, physical fitness, weight loss, and commuter-expense savings.

The growth of US riders is largely due to their appeal as a solution to urban transportation challenges. At the same time offering a cleaner, more affordable and often the quickest way to travel short distances. From daily commuters, fitness enthusiasts, to individuals with physical limitations, certainly find the convenience of e-bike over traditional bicycle.

There are 52 million bicycle riders in the US – Data by ZIPPIA. Are you one of them in this eco-friendly culture?

Top 10 states most interested in electric bikes:

1. Hawaii with 100 search score.
2. California with 80 search score.
3. Utah with 76 search score.
4. Idaho with 72 search score.
5. Vermont with 69 search score.
6. Washington with 63 search score.
7. Nevada with 62 search score.
8. Oregon with 61 search core.
9. Montana with 61 search score.
10. Wyoming with 59% search score.

Click here to read full details about Electric Bike Popularity.

Tracing the demographics of e-bike owners in the US – The summary below is written on 19 October 2022:

• 7% drive electric bicycles at least once a month.
• 59 per cent of Americans who own an electric bicycle are men, while 41 per cent are women.
• The majority of e-bike riders are between the ages of 18 and 44 (84%).
• When it comes to using e-bikes, three-quarters (74%) of owners use their bikes at least once a week, but the pattern of use appears to decrease slightly from year to year.
• Weekly e-bike usage has increased by 3% from last year.
• Three in five (62%) owners of electric bicycles live in cities, while only 33% do not.

Click here to read full details about Tracing the demographics of e-bike owners in the US.

The image of Top urban bike path across the USA:

Growth of US electric bike brands certainly gives you more affordable and efficient e-bikes:

Numerous brands contribute to the vibrant e-bike scene in the US. Best known companies like Rad Power, Ride1Up, and Trek offer a range of e-bike models to cater to various rider needs. While others, such as Super 73 and Eahora are known for their specific design elements.

As the market grows, more and more brands come into the picture, boosting competition and innovation. Chinese companies such as ECOTRIC and FIIDO have also entered the market, making the industry truly global.

There are over 200 bike brands in the US market – Data by ZIPPIA.

About US electric bike brands for your buying preference:

• Rad Power Bikes are the biggest e-bike company in North America.
• Trek Bicycle Corporation is the largest bicycle company in the United States. The company specializes in the manufacture of premium bicycles for competitive riders.
• Specialized is one of the world’s largest bike companies and a world leader in bike design, innovation and technology. Specialized’s mission is to build products that enhance and inspire runners of all ages, abilities and interests.
• ELECTRIC BIKE COMPANY – Built completely Newport Beach, California, United States, with world-class materials. Made your dream e-bikes based on your order as well as deliver fully assemble to you.
• Ride1Up has a reputation for offering a little more than you would expect to find any e-bike they sell at a given price. Click here to view The Best Electric Bikes–Whether You’re Commuting Or Cruising–Based On Rigorous Testing.
• PEDEGO – No other brand of e-bike would venture to offer a 5-year warranty. While it’s easy to talk about quality and service, most e-bikes only have a one-year warranty.
• This 2500 W electric bike motor made in the US has the highest power-to-weight ratio in the world. Optibike has a new high-power electric motor that it believes can beat any other electric bike motor in its weight class.
• The name Giant, Specialized and Trek has been linked to the culture of cycling. The concept of such bicycle brands has become famous. However, these “famous bike brands” are not the only option out there when it comes to getting reliable bikes of high quality.
• Fastest Electric Bike brands – Hi Power Cycles, Stealth, Delfast and Ristretto.

The Image of US Cross country bike routes:

Growth of US electric bike retailer shops surely, provide convenient for after sale service:

The rise in e-bike popularity has proportionally increased the number of US electric bike retailer shops, both online and in physical stores. Companies like Rad Power operate primarily online, but also have experience centers for test ride their e-bikes.

There are also multi-brand retailers such as Propel Electric Bikes, offering a wide variety of options for consumers. Moreover, traditional bike shops have added the e-bikes inventory, recognizing the increasing demand and potential profitability.

About US electric bike retailer shops for your buying reference:

• There are about 7,000 bike stores in the United States. This includes about 3,000 specialty bicycle stores as well as large chain stores and outdoor stores that also sell bicycles.
• Trek/Fisher and Giant are the top-selling brands of bicycles in the US. View full details about 25+ BICYCLE INDUSTRY STATISTICS 2023 here.
• Kopp’s Cycle Shop was established in 1891 by E.C. Kopp is the oldest continuous bicycle store in America (second oldest in the world). View full details about Kopp’s Cycle History.
• Amazon, Walmart, Best Buy Store is the biggest online shop to look for the electric bikes.
• JERRYS BIKE shop opened its doors in 1980 College Hill, north of the Washburn campus, at 1415 SW Lane Street. The shop has been home to many bicycle businesses throughout the years.
• List of popular electric bike retailer shop:
  • Mike’s Bikes – Dedicated to cycling, managed by bike experts, with the best brands available.
  • Competitive Cyclist – No matter what your budget, there’s a bike here for you, from high-end brands to start-up e-bikes.
  • Performance Bike – A small but diverse range of electric bicycles from road to mountain and more.
  • Jenson USA – Mountain, road and commuter bicycles available at different prices.
  • Decathlon – Small yet affordable e-bike range, perfect for beginners and small budgets.

US cycling routes trend certainly encouraging you to go for more outdoor activities:

With the increase in e-bike usage, the adding of cycling infrastructure has been a crucial component of many cities’ urban planning. Cities such as Portland and Minneapolis have taken the lead, built extensive bike paths and lanes.

Furthermore, the converted old railway lines into bike trails, providing safe and scenic routes for e-bike riders. However, the growth of e-bike usage has brought new challenges, including the need for regulatory changes to accommodate high-speed electric bikes on the cycle routes.

The best US cycling Routes for your choices, so that you can plan and enjoy the adventure trips:

• Arkansas – The first segment of USBR 80 in the country travels west from West Memphis, on the Mississippi River at the Tennessee border, to Little Rock, where the Big Dam Bridge crosses the Arkansas River.
• New York – Relocated the north end of USBR 11 between Sodus Point and the Pennsylvania border near Lindley from a residential area at Sodus Point Beach on Lake Ontario.
• Ohio – Moved USBR 25 North to the eastern bank of the Miami River in Dayton.
• Tennessee – The second road in the state, USBR 21 starts with Cumberland Gap National Historic Park, travels southwest through the Tennessee Chattanooga River Valley and the border with Georgia.
• WIKI – The existing USBR 1 will be the easternmost route, though USBR 5 will run farther east of it in Virginia and the Carolinas.
• Discover the United States of America with Bikemap’s bike itinerary planner on thousands of bike routes.

7 Easy Cycling Routes in the USA for beginners:

• The Hermit Road Greenway Trail, Arizona.
• Shark Valley Trail, Florida.
• Jekyll Island Bike Trail, Georgia.
• Route of the Hiawatha, Idaho.
• East Bay Bike Path, Rhode Island.
• Stowe Recreation Path, Vermont.
• Colonial Parkway, Virginia.

The Image of Easy Cycling Routes in the USA for beginners:

US Government Support Policy:

The Environment (E-BIKE) Act was introduced in 2021, proposing a refundable tax credit covering 30% of the cost of a new e-bike. This has yet to pass as law, but if it does, it will reduce the financial barrier to e-bike ownership.

On a local level, several cities and states have introduced their own incentive programs. The Austin’s rebate helps e-bike purchases as well as Vermont’s incentive program, promoting e-bike usage.

List of E-bike Act or Debate:

• Boost e-bikes have partnered with Lectric e-bikes to bring you e-bikes that qualify for the Denver E-Bike Rebate. Save up to $1,400 on bike purchases.
• E-BIKE ACT in 2021 – If signed into law, the E-BIKE Act would offer individual consumers a refundable 30% tax credit for purchasing an electric bicycle — up to a $1500 credit for new bicycles less than $8000. However, after being sent to the House Ways and Means Committee, the deduction was reduced to 15%, for a credit totaling up to $1500 per taxpayer.
• Bicycle Subsidy Program ($20 a month) – The American Congress allows employers to grant a subsidy to employees who cycle to work. To enroll in the Bicycle Subsidy Program, you have to submit a request to the Employee Transportation Services Office (ETSO).
• Use of Federal Funds for Bicycle and Pedestrian Efforts.
• National governments establish a supportive national policy in order to promote cycling.
• Bicycle Advocacy Program – The Bicycle Friendly America Program certainly makes cycling better all across the country.
• National Park Service announces a new policy allow visitors to use e-bikes, low-speed electric bicycles with power assistance, in the same manner as traditional bicycle.

Conclusion:

In summary, the US electric bike market is experiencing a remarkable phase of growth and evolution. Increased demand for e-bikes is reflected in the growth of riders, brands, and the retail shops.

The development of cycling routes across cities and towns has facilitated safe and efficient e-bike commutes. While government policies at federal and local levels are further supporting this booming sector. Although there are still challenges to overcome, but the trend toward e-bikes appears well-set to continue.

Share your views about the electric bike market in the US.

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