Nearly all electric vehicles are and will remain e-bikes, with the
e-bike market growing to be about 1 in 2 bicycles worldwide, or 65
bicycles per year. IDTechEx predict a level of 130 million light
electric vehicles (LEVs) sold each year being reached before 2025 -
making it one of the world's largest industries.
Dr Peter Harrop, Chairman of IDTechEx, sees national and local
governments creating laws that ban the use of internal combustion engine
mopeds, motor scooters and motorcycles as soon as truly viable electric
versions are available. "This will easily be another 65 million units
per year," he says.
Some cars and light trucks will be replaced by LEVs for delivery
purposes, because users will find that the LEV is "good enough" and due
to parking and cost issues, but the numbers will be small. Almost all
parts (bicycle parts, motors, batteries, controllers, etc.) used to
assemble an electric bike are imported from China or Taiwan.
IDTechEx notes that the vehicles for the disabled are now well over 1.3
million yearly across the world. They are mainly bought in Europe and
the USA by people that are simply obese or old and not registered as
disabled - this leads to impulse purchases and one of the most
profitable, recession-proof EV businesses.
The MicroEV business is also moving ahead rapidly and profitably. Many
of them being a luxury amusement in the West, in the form of the Renault
Twizy for example, and a volume business in emerging countries with for
example many companies now seeking to replace the 3.5 million
three-wheel taxis in the Philippines to tackle chronic air pollution.
IDTechEx recently interviewed one Philippine company that has finance in
place that is independent of the World Bank funding for 100,000 such
e-taxis. Contrast golf cars, a static but highly profitable business for
the two leading manufacturers and e-motorcycles, which are having
difficulty to get much traction, if you excuse the pun, though even
Harley Davidson is now studying whether to make them.
For more on the broader picture see the IDTechEx report, "Light Electric
Vehicles, Mobility Vehicles, E-Motorcycles and Micro-EVs (Quadricycles)
For more information about IDTechEx visit www.IDTechEx.com