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Electric Car Market Worth $1.96 trillion by 2028- Market Size, Share, Forecasts, & Trends Analysis Report with COVID-19 Impact by Meticulous Research®
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Electric Car Market Worth $1.96 trillion by 2028- Market Size, Share, Forecasts, & Trends Analysis Report with COVID-19 Impact by Meticulous Research®
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Electric Scooter Market Worth $644.5 Billion by 2028, Growing at a CAGR of 29.4% from 2021 -- Exclusive Report by Meticulous Research
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The mountain e-Bike segment is estimated to hold the largest share in the E-Bike Market by 2027
Till 2024, the city Electric Bike Market is expected to be the largest, by usage, globally. However, the popularity of mountain e-bikes is increasing due to their robustness and suitability for mountain/trekking as well as commuting for work and shopping. Therefore, from 2025, mountain/trekking bikes’ demand is expected to be greater than the city/urban e-bikes.
Cargo and folding electric bikes are expected to be the fastest-growing market segment.
Technological advancements and innovative designs have resulted in the introduction of folding and fat-tire e-bikes, which are visually attractive and appealing. The folding e-bikes are flexible, compact, and lightweight. They can be folded while travelling in metros and subways. Therefore, the market for folding and fat-tire e-bikes is expected to grow at a significant rate.
Electric Bike Market: Current Trends and Future Growth
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