Are electric bikes the most popular vehicle?

Are electric bikes the most popular vehicle?
Whether electric bicycles are the most popular vehicles involves multiple levels and angles. The following is a detailed analysis of this issue:

1. Market demand and growth
Market demand: With the development of cities and changes in people's demand for travel methods, electric bicycles, as a green, convenient and economical travel method, have been favored by more and more consumers. Especially in the fields of short-distance travel in cities, express delivery, etc., electric bicycles have huge market potential.
Market growth: According to industry reports, the scale of the electric bicycle market continues to expand. For example, China, as the world's largest producer, consumer and exporter of electric bicycles, has a particularly large market size. From 2018 to 2023, China's electric two-wheeled vehicle industry sales increased from 32.2 million units to 55 million units, with a CAGR of 11.3%. This shows that the electric bicycle market has huge development potential.

2. Advantages and characteristics
Environmental protection: As a low-emission, low-noise means of transportation, electric bicycles are in line with the global trend of attaching importance to environmental protection and sustainable development.
Convenience: Compared with traditional bicycles, electric bicycles have higher speed and mileage, and do not need to consider parking issues, which is convenient and fast.
Economical: Electric bicycles have relatively low maintenance costs and are more economical to use.

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