Future of E-Bikes in India
Electric vehicles have made the spheres of technology, mobility, and the environment inseparable. The mobility industry spotlighted electric cars, quickly moving towards electric vehicles and electric bikes. Research firms have also started looking into the state of the the-bike market. The consensus is that the market cap will be valued at approximately 2 million dollars by 2026, a greater than 100% increase since 2021. While Indian companies have been at the forefront of the electric vehicle movement in India, foreign companies aren't far behind. Foreign startups are capitalizing on the traction and momentum the industry has gained and releasing their new products in India. Many companies have planned to invest tens of millions of dollars in the next decade to expand the industry, manufacturing facilities, and job market. The Indian market has been yearning for these electric bikes, and it's up to the companies in the electric mobility industry to overcome the challenges and give consumers what they want. Currently, the biggest hurdle in India remains the infrastructural shortcomings. Both charging and parking sections for e-bikes are presently few and far between. The most important thing for the industry is to develop and create a robust technical and corporate infrastructure. Charging infrastructure for people on e-bikes would be unique, and places where bikes can be parked free of cost, would be precious for customers and the industry.