E-bike and e-motorcycle manufacturers set to triple sales in 2020

FlatSix911

Well-Known Member
Interesting reading... nice to see a silver lining from the global pandemic.


While the COVID-19 pandemic decimated parts of the global economy, it also created unique economic drivers in others. One of the “winners” in the new world we live in has been electric two-wheelers like e-bikes and e-motorcycles, which commuters have turned to in huge numbers. Most electric bicycle and electric motorcycle companies are fairly tight-lipped about their sales numbers. But with the huge demand spawned by consumers switching to two-wheeled EVs lately, several major manufacturers have opened up their books and revealed just how much they’ve grown over the past year. Major Italian electric motorcycle manufacturer Energica recently shared that the first eight months of 2020 have seen an order volume of over 200% of its entire 2019 sales, with over €4.3M in revenue so far this year. That puts Energica currently on track to triple its 2019 sales by the end of this year.

The largest electric bicycle manufacturer in the US, Rad Power Bikes, is also on track to more than triple its 2019 sales this year. That puts Rad Power Bikes at a projected $250 million in revenue for 2020, no doubt buoyed by successful launches of budget-minded e-bikes like the $1,199 RadRunner and $999 RadMission electric bikes, in addition to their longtime favorites such as the $1,499 RadRover electric fat tire bike. A major driving force behind this steep spike in sales has been the shift toward personal electric mobility driven by commuters seeking to avoid crowded public transportation. And Rad Power Bikes’ CEO Mike Radenbaugh recently explained to NPR that he doesn’t see this as a temporary spike, but rather as the new normal:

We think a switch was flipped and light has been shed on e-bikes as a tool for the masses. So now it’s not just about keeping up with this demand that has spiked after COVID-19 from people working from home, shopping from home, looking for socially distant ways to get around, but this is a switch that was flipped on and it’s not turning off for years to come, and so the work we are doing now is all about planning for future demand. It’s not about planning for next summer’s orders, it’s about planning for orders 10 years from now.
 

Kayakguy

Member
Hmmm. If anyone can predict where any given trend is going to be in 10 years, I'd like your prognostications on the stock market. For example, is
Boeing going down the toilet due to their many corporate-level blunders, or will they be riding (flying?) high in the next couple of years?

These prophecies may be right on, but trends come and go with unpredictable rapidity. Oh, and what's the word on flying cars now? These things have been "just around the corner" since the mid-20th century. Better yet, an e-flying car?
 

FlatSix911

Well-Known Member
Hmmm. If anyone can predict where any given trend is going to be in 10 years, I'd like your prognostications on the stock market. For example, is
Boeing going down the toilet due to their many corporate-level blunders, or will they be riding (flying?) high in the next couple of years?

These prophecies may be right on, but trends come and go with unpredictable rapidity. Oh, and what's the word on flying cars now?
These things have been "just around the corner" since the mid-20th century. Better yet, an e-flying car?

I'm putting my money on Boeing... the e-flying car not so much. ;)
 

Timpo

Well-Known Member
I'm putting my money on Boeing... the e-flying car not so much. ;)
I've watched the documentary about e-aircraft.

If I remember correctly, basically, lithium ion battery has very low energy density for its weight compare to kerosene.

I don't know if e-airplanes can go near supersonic (or even mach 0.8 to 0.85) for such long distance with today's technology.
 

Handlebars

Well-Known Member
Are people actually using ebikes as transportation though?

I have a feeling vast majority of people are still using ebikes as hobby... I have no data to prove though.
Mine is the primary transport. Very many of the odometer mileages people report, though, are higher than mine and it's NOT their primary vehicle :)
 

Handlebars

Well-Known Member
The downtown of Toronto is showing a huge surge in ebikes transport, many of them messenger or food delivery vehicles. I'd guess that locally downtown the growth is far more than tripled - I'm thinking 10x since spring.
 

Dallant

Well-Known Member
Mine is strictly for exercise/trail riding in my rural area.
I spent years commuting to work in the early 80s on my Raleigh Competition. If I were living in that same area now, I’d still be commuting that way, but with an ebike.😎
 

Ebiker33

Well-Known Member
$250 million for an Ebike company is no small number, that's around 150,000 Ebikes put onto the road in just one year from just one company.
 

Taylor57

Well-Known Member
There are 200 million Ebikes in China and 250k in the USA. I looked the stat up yesterday and was amazed. Quadruple the size in population but dwarfs us in the number of Ebikes.
 

reed scott

Well-Known Member
There are 200 million Ebikes in China and 250k in the USA. I looked the stat up yesterday and was amazed. Quadruple the size in population but dwarfs us in the number of Ebikes.
Watayawannabet that Chinese folks can get a heck of a good bike for way less than half of what we pay? Way less.
 

Timpo

Well-Known Member
There are 200 million Ebikes in China and 250k in the USA. I looked the stat up yesterday and was amazed. Quadruple the size in population but dwarfs us in the number of Ebikes.
So the US has 0.25 million ebikes but China has 200 million?

US has a long way to go.. even considering the difference in population
 

Timpo

Well-Known Member
Also China, Europe, Japan, etc.. has bullet train and Maglev.

They have much better transit system.

 

Timpo

Well-Known Member
I think Japan nailed it with high speed transportation.
I believe, everyone here on EBR, are fan of efficient, high speed electric transportation to some degree.

Japan's Shinkansen bullet trains carry 9 billion passengers / year.
In operation since 1960s, travels at 320km/h (198mph), 0 fatalities.

How fast do cars on US highways travel? and how many fatalities since 1960s?