Rattan E-Bike is our test bike to purchase as or team reviews start to finish purchase, delivery, assembly and 90 days of usage. The 2019 Holiday season for the E-Bike market was explosive, the growth model is huge for the industry, and you have 150 E-Bike makers selling into the US market. We tested one of the bikes from Ad to Ride, and are happy to report they are inexpensive and totally a bargain at the 2019 Holiday Black Friday sale prices of $599 + shipping. It took a while to get on the road, but we learned much about who is selling them.
According to Andrew J. Hawkins who writes in The Verge, he says, “ … if you believe that e-bike sales will top 40 million annually by 2023, and then you look at EV adoption rates, it becomes an easier prediction to swallow. At the end of 2018, there were just 5.1 million electric vehicles were in circulation, and only 12 million electric vehicles… “, he went on to say, “ That dramatic increase in sales seems to herald a dramatic shift in the way people get around. Indeed, Deloitte predicts a 1 percentage point rise in the proportion of people who bike to work from 2019 to 2022. That may not seem like much on the surface, but given the low bases, the difference will be impressive. Tens of billions of additional bicycle rides per year means fewer car trips and lower emissions, with spillover benefits for traffic congestion and urban air quality. “
Ryan Citron, an analyst for Guidehouse said, “ ..a total of 113 million e-bikes to be sold between 2020 and 2023. His figures, while slightly less than Deloitte, still envision an impressive surge in sales, and yes, e-bikes are the best selling EVs on the planet! ” Citron added, “ E-bike sales have been growing steadily over the years, but they still only represent a small portion of the overall bike market in the US. E-bike sales jumped by an incredible 91 percent from 2016 to 2017 and then another 72 percent from 2017 to 2018 to reach an impressive $143.4 million, according to the market research firm NPD Group. Sales of electric bikes in the US have grown more than eightfold since 2014.
This is a multi-segment series of articles on the E-Bike market, and we will be back with more data on charge time, speed, safety and usage of the E-Bike as we work with the support of Rattan, and the engineer. For now, we are joining the large number of E-Bike riders you will see on the road. Please check back with us for future articles on E-Bikes. Market News First – be truly informed. We are not paid by the company for this article or review.