Government Support to Increase e-Bike Sales to Reduce CO2 Emissions

With the growth in the automotive industry, there has been a rise in air pollution. To control the emission rate, the inclination towards green and clean mobility solutions for daily commutes is growing. This is leading to increased demand for e-Bikes globally. Asia Oceania is forecasted to lead the e-Bike market.

E-Bikes assist in optimum space utilization and help in faster commute in urban and highly populated areas. Governments of many countries in Europe, North America, and Asia Oceania are working toward supporting the usage of e-Bikes through subsidies and regulatory changes to reduce traffic congestion stress, ultimately helping to decrease emissions and improve air quality. For instance, in Italy, the government offers a subsidy of up to USD 527 in municipalities with over 50,000 inhabitants to purchase new bicycles and e-Bikes. Therefore, such initiatives are attracting consumers to e-Bikes.