🎥 Welcome back! Today, we’re diving into the future of electric bikes in 2024. As insiders in the industry, we’re here to share key trends shaping the landscape.
1️⃣ First up, soaring living costs globally are pushing folks towards more affordable transportation options like electric bikes and scooters.
2️⃣ Next, with increased demand comes more competition, leading to lower prices and wider accessibility for consumers.
3️⃣ Lastly, governments are pushing for sustainable commuting solutions, making electric bikes more enticing than ever.
Join us as we unpack these trends and their impact on the electric bike scene! Don’t forget to like, share, and subscribe for more insights on eco-friendly transportation! 🚴♂️💨
Chapters:
[00:00:00]: Introduction to the future of electric bikes
[00:00:29]: Trend 1: Growing inflation and rising costs
[00:01:08]: Trend 2: Increasing demand and competition
[00:02:20]: Trend 3: Government support for electric bikes
[00:03:26]: Benefits of buying electric bikes in monthly installments
[00:03:45]: Summary of the 3 key trends
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Hi guys welcome back to our weekly uh videos um today we are going to discuss about a future of electric bikes in the current year 2024 and because we are business insiders we kind of uh keep meeting new people stakeholders all the time I think it’s easier for us to um
Kind of extrapolate and see where the future of the bikes electric bikes will be uh in 2024 so there are several Trends which we have identified uh why electric bike business electric bike in general will grow in this year uh the trend number one is uh growing inflation and rising cost of
Living now this is being witness throughout the world uh particularly in countries like UK us and Europe um with more Rising costs people are going to switch from Cars the expensive mode of transportation to cheaper mode of transportation like electric bicycles and likewise electric scooters and those kind of uh transport
Vehicles now uh Trend number two uh this is more like a followup of trend number one so what will happen is because more because of the rising cost more and more people are switching onto the electric bicycles and Es scooters kind of uh transport Vehicles so the demand will
Increase and what happens when the demand increases more and more brand and manufacturers come into the picture and that drives the overall price down and since the overall price of the production of the bike uh retail price will go down um it will be much easier for the
Average customers to afford the electric BCS because even now even one of our GX is one of the cheapest bikes to be honest um uh having the all good specifications in the bicycle it’s uh price under ,000 but yet it’s around 1,000 Mark so uh I I I think um the
Price will go down further and it might we won’t be surprised if it touches like 800 900 Mark uh with growing competition and uh reducing manufacturing cost and Trend number three the last Trend uh that is uh because of the um increasing traffic and in especially in the big
Cities like uh London and all those um um the main towns in the counties we are already seeing this like government is encouraging the sales of uh electric uh bicycles and electric vehicles and also they are also promoting the um cycle routes in various parts of London and
Other cities in the UK and this means that with the help of government encouraging the normal people to buy or switch to electric electric bicycles more and more such people more and more people are actually going to be using electric bicycles and this is also followed up by likes of cycle schemes
And all those people who actually make it more affordable for employees because now you can buy the bik bike in U monthly installment and that helps in terms of reducing the cost so uh ,000 bike you might be able to buy it in monthly installment and the end price
After all the tax savings might be around £ 800 750 so that itself is like a big motivator for people to switch on the electric bikes so these are the three Trends which we foresee in 2024 number one growing inflation and more and more people switching to cheaper mode of transportation number
Two uh more because more and more people are switching to cheaper mode of transportation more and more newer brands are coming up and uh that will drive the overall price of the electric B bicycles slightly towards down downward and number three the traffic congestion and government helping the uh
Common People common commuters uh in terms of promoting it through cycle scheme or making new cycle routes throughout the cities and that means people will be more aware about electric bike and a new commuting transport uh mode of transport and these are top three Trends which we think will help
Driving sales of electric bicycles in 2024