Through the development of three different periods, the pace of China’s electric bike development has not stopped, and with the speed of consumer demand, the market demand expansion. The development of the industry in recent years has maintained a growth rate of more than 80%.
Although in 2007, in the national policy, industry standards, raw material prices and other factors, the industry has been in a depressed state, but from the scale of the market. The size and volume of the entire industry is still rising, but slowing down in terms of speed. The advantages of electric bike, such as convenience, environmental protection and low price, have become the fact that the speed of modern urban traffic is lower, short distance and easy to operate. A vehicle closest to one’s actual needs.
Especially in the current public transport is congested, not on time and other shortcomings, light electric vehicles are undoubtedly the first choice for some low- and middle-income people.
Compared with expensive fuel vehicles, despite the lack of mileage and power performance, but in the context of rising oil prices. Its superior convenience and economy (charging is more convenient and cheaper than refueling) make it show increasing substitution advantage.