Expect the price of gas to continue to rise!
I have written a few articles detailing my search for an E-bike and turning my 2010 Trek into an E-bike. With the market as it currently stands, having an alternate form of transportation is not a bad idea. We can all be a little less independent on gas/oil.
According to Mordor Intelligence:
The e-bike market was valued at USD 26.73 billion in 2021 and is expected to reach USD 53.53 billion by 2027, registering a CAGR of 12.27% during the forecast period (2022–2027).
With the pending energy crisis, I anticipate reaching the 2027 number much quicker than initially estimated. So why an e-bike as opposed to just a typical bike? The list is long, but I have drilled it down to the following reasons, other than the fact I wanted a little bit of excitement in my life.
You will save money in the long run by reducing the amount of strain you put on your gas-guzzling car. Face it- most of us are programmed to run-up to the store in our automobile or SUV. Cutting down on a 10th of the amount we drive is money in the bank.
Sometimes you need to get somewhere much faster than pedaling a bike. Some of these e-bikes really zip and can exceed 28mph when pedaling. With the size and battery power taken into consideration, you can travel faster, farther, and longer.
People are more apt to ride an electric bike than a pedal bike. It is proven e-bikes are used more often than regular bikes. There is something to say about experiencing a small amount of what a motorcyclist does on a much safer scale. The wind blowing through your hair at 28mph is a pretty good feeling.
Let’s face it, one of the biggest reasons to own a bike is for fitness. As already stated earlier, you are most apt to tool around on an e-bike instead of just a standard pedal bike. Staying active and moving about is half the battle, and an e-bike will motivate you to put it through its paces.
Having an electric bike means not sweating when faced with a huge hill ahead. I’m not saying there will be no effort involved, but an electric bike makes hills a little less daunting. You are likely to go to places you might have scoffed at before owning one of these powerhouses.
Ultimately, e-bikes are a growing market segment with no natural end in sight. I marvel at the improvements I see almost daily from manufacturers like Aventon, TurboAnt, Himingway, Radpower Bikes, and the like. You can easily get caught up in the reviews over at Electrek, as they evaluate everything large and small. My advice is to do your research, don’t go cheap, and most of all……enjoy the ride! (Buy something soon as demand is only going to increase)