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Last edited 22 Jun 2021
E-bike market projections to 2027
In 2020, the COVID-19 pandemic disrupted the supply chain of companies that used to purchase vital components (such as lithium and cobalt) from China. Hence, several companies tried to reduce their dependence on one country. Some have also looked to change the designs of the vehicles.
 Increasing congestion in developing nations
Developing nations are facing increases in traffic congestion. Therefore governments are taking initiatives such as promoting the use of e-bikes to help reduce the number of taxis and private cars on the road.
Based on battery type, the lead acid segment had a 31.3% market share in 2019. This segment is expected to see a lower growth in the coming years due to the implementation of strict rules by regulatory bodies of various countries for their usage.
 Dominance of Asia Pacific
The companies operating in the market are constantly conducting research and development activities to create state-of-the-art e-bikes. As more countries are inclined towards saving energy, these products are in high demand.
Below are two most recent industry developments:
- September 2020: Atumobile Pvt. Ltd., an electric vehicle startup headquartered in Hyderabad, India, launched its electric bike named Atum 1.0. Its base price is Rs 50,000. The bike is approved by International Centre for Automotive Technology (ICAT) and does not require a driving license or registration.
- August 2020: Detel, a consumer electronic brand based in Delhi introduced Detel Easy, its cheapest electric two-wheeler priced at Rs 19,999. It is equipped with a 48V 12AH LiFePO4 battery that delivers 60 km at full charge.
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