Pike Research forecasts annual sales of electric bicycles to surpass 47M units by 2018; Li-ion battery share to climb to 12%
Green Car Congress
MARCH 27, 2012
E-bicycle sales volumes are being driven by macroeconomic trends such as the growth of urbanization and the increasing need for low-cost transportation in developing markets. The vast majority of the e-bicycles sold in China, the world’s largest market, utilize sealed lead acid (SLA) batteries.
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