Annual Sales of Electric Bicycles Will Surpass 47m by 2018

The worldwide market for electric bicycles will increase at a compound annual growth rate (CAGR) of 7.5% between 2012 and 2018, resulting in global sales of more than 47 million vehicles in 2018, according to a new report from Pike Research. With sales expected to reach over 30 million units in 2012, electric bicycles are […]