Green Car Congress: Navigant forecasts modest global annual sales growth of e-bicycles, reaching 40.3M units in 2023
In a new report, Navigant Research forecasts that global annual sales of e-bicycles will grow modestly from 31.7 million units in 2014 to 40.3 million units in 2023 under a base scenario—a CAGR of 2.7%. Navigant expects China, the market leader, to reach 28.8 million e-bicycle sales this year under the base scenario, representing 91% of the total global market. In 2023, Navigant expects China to have 85% of the total market.
