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E-bike sales in Germany surpass regular bikes for first time.
According to the German bicycle association (ZIV), 53 percent of all bicycles sold in 2023 were electric, with average prices rising from €2,600 (2020) to €2,950 last year. That’s 2.1 million e-bikes compared to 1.9 million regular bikes sold in one of, if not the most important bicycle markets in Europe.
Today Cowboy’s CEO predicted that by 2030, “e-bike sales will surpass car sales in Europe.”
2023 market data: bicycle industry defies negative consumer climate - ZIV – Die Fahrradindustrie
[ZIV – Die Fahrradindustrie]
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