Electric two-wheeler sales set to double motorcycle market

According to a new study entitled “Electric Two-Wheel Vehicles”, cleantech market intelligence company Pike Research is forecasting that more than 466 million electric bicycles and motorcycles will be sold worldwide during the period from 2010 to 2016. Given that the annual global motorcycle market is currently around 80 million units a year, almost all of them based on the internal combustion engine, this anticipated explosion in electric bike demand could double the size of the two wheeled market, not to mention dampen the demand for electric four-wheelers.

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