E-bikes sales lag in American markets

Global Business

E-bikes sales lag in American markets

They’re cheaper than a car, don’t pollute and help you ride longer distances than a regular bike. Yet, electric bicycles or e-bikes have yet to win favor with U.S. consumers.

CCTV America’s Roza Kazan has more. Follow Roza Kazan on Twitter @rozakazancctv

E-bikes sales lag in American markets

E-bikes sales lag in American markets

They’re cheaper than a car, don’t pollute and help you ride longer distances than a regular bike. Yet, electric bicycles or e-bikes have yet to win favor with U.S. consumers. CCTV America’s Roza Kazan has more.

Six years ago Bill Schmoldt decided to start stocking electric bicycles in his bike store. So far he’s only sold three.

Essentially, an e-bike is just like a regular bike, but with an electric motor that provides additional assistance.

E-bikes are especially popular in Europe and Asia.

Last year, e-bike sales came to $10.8 billion in China and $5 billion in Europe. Compare that to just $400 million in the United States.

But e-bikes can cost a lot more than a regular bike.