As per research conducted by the ‘Precedence Research’ on the global e-bike market, the sales of e-bike in the year 2023 expected to be 40 million units and around 130 million bikes predicted to sold during the year 2020 and 2023. Henceforth, by 2023, total number of e-bikes in circulation across the globe estimated to be around 300 million units, a increase of 50% compared to 2019’s global e-bike figure i.e. 200 million units.
