The Future of Electric Bikes in Australia

The prospect of the Australian electric bicycle market looks promising. The niche industry is expected to grow with a CAGR of 6.7% by 2026. Market watchers predict that rising fuel prices, increasing environmental awareness, and health concerns will drive electric bicycle sales. The rapid e-bike sales are also likely to impact the travelling and fitness sector.

This post will shed light on the electric bicycle market, where we will discuss the key trends, opportunities, risks, etc. So, continue reading to stay updated and relevant!!

Emerging Trends

The wide adoption of emerging technologies and smartphone integration are the two key trends in the market. Manufacturers are also heavily investing in designing to make electric bikes in Australia more useful, innovative, and stylish. E-bikes are now categorised into several types based on their design and use. The list includes:

  1. Standard electric bicycle
  2. City or hybrid e-bike
  3. Cargo bike
  4. Mountain e-bikes etc.

The Risk

The max speed limit for electric bicycles in Australia is only 25 KM per hour which is remarkably slower than our neighbours (New Zealand) and the USA. This mandatory speed limit could be a deal-breaker for those willing to ride an e-bike to the office or college.

Though changes in current speed restraint are subject to discussion, we think the electric bicycle market in Australia will never meet its full potential until the authority reconsider and level up the speed limit. Office executives and college students may not be the only ones to keep their distance from e-bikes. Courier and food delivery boys will also suffer if the speed capabilities remain bottlenecked. It will eventually push consumers and delivery partners toward unsustainable transportation options. In worst cases, individuals may even modify their e-bikes illegally to meet the demands of this fast-paced world. It may become a grave cause for concern in future.

The Opportunity

So far, Australia has successfully made the first step towards controlling climate change and growing electric vehicle (EV) awareness. The local authority has proposed changes in their recently published whitepaper to take the EV revolution to the next level. A few of those changes that may benefit this industry are as follows:

  1. Reducing pressure on Australian roads
  2. Creating equal rights on roads for all
  3. Encouraging innovation across the EV sector
  4. Modernising delivery system
  5. Developing more and more dedicated e-bike trails

Growth Prospect

The potential of electric vehicles in general and e-bikes, in particular, are incredible. So far, we have noticed a quick glimpse of EV’s rapid growth in the United States, New Zealand, and European countries. We are also expecting the same boom in our nation. If that happens, e bikes in Australia will definitely be skyrocketing.

In conclusion, we would say that electric bikes are environmentally friendly and cost-efficient. Most importantly, they will be the future of transportation. We recommend investing in electric bikes to keep pace with the changing times and demands. Rilu e-Bike is a trusted manufacturer of the best electric bikes in Australia that can easily meet European performance standards. We have nationwide dealers who are committed to enhancing your overall buying experience. Visit your nearest RILU dealer and take a test ride of your favourite bike. See you soon.