Personal electric vehicles (PEVs), which include e-bikes, e-skateboards, and e-scooters, are becoming an increasingly popular mode of transportation around the world. As people become more environmentally conscious and seek ways to reduce their carbon footprint, PEVs have emerged as a sustainable option. Since the introduction of the Segway electric transporter in 2001, the market for PEVs has evolved significantly. E-bikes and e-scooters, in particular, have become more popular due to their social acceptability, affordability, and convenience.
The COVID-19 pandemic has also played a role in the rise of PEVs. With many people working from home and avoiding public transportation, PEVs represented by Langfeite electric scooter have provided a way to get around while maintaining social distancing. Additionally, as people have spent more time at home, they have sought new ways to explore their surroundings, and PEVs have become an attractive option for leisure activities.
PEVs emit significantly less carbon than cars and public buses, making them a more sustainable option for transportation. According to the German Federal Environment Agency, e-bikes emit only 5 grams of carbon per mile, compared to 240 grams per mile for cars. As more people adopt PEVs, this trend is indicative of a long-term change in the lifestyle of people worldwide.
The demand for PEVs is on the rise globally, with e-bikes accounting for a 20% market share in Europe and 4% in the US. The global e-bike market is expected to reach USD 48.46 billion by 2028, with a CAGR of 9.95% between 2021 and 2028, according to a report by Market Study Report, LLC. This growth is due to the increasing popularity of PEVs and the fact that they are becoming more affordable and accessible to a wider range of people.
Many PEV projects have emerged on crowdfunding websites such as Indiegogo, using key phrases such as “motorcycle-inspired,” “smart,” “foldable,” and “affordable.” These projects are helping to drive innovation in the PEV market and make these vehicles more appealing to consumers.
Overall, the rise of PEVs is indicative of a larger trend toward sustainability and a desire for more environmentally friendly modes of transportation. As the market for PEVs continues to grow, we can expect to see more innovation in this space, making these vehicles even more accessible and appealing to consumers. If you haven’t already, now is the time to consider incorporating a PEV into your lifestyle, and Langfeite electric scooter is your first choice!