The last six months has seen the price of oil double to over $70 a barrel with many experts predicting that it will continue to rise.
Rising fuel costs coupled with the current recession will lead to increased focus by individuals and families on reducing transport costs.
Along with the above concerns an increasing environmental consciousness will mean a sustained demand from the public for alternative modes of transport.
Electric bikes are and will be a viable option for many people that want to reduce their transport costs and carbon footprint. I think we will see more families go down to one car and with a large proportion of the journeys we make less than three kilometers people are looking for alternative transportation.
Electric bicycles have become a rapidly growing industry right across the globe. Their growing popularity not only stems from environmental and fuel price concerns, there is also the appeal that comes from the fact these bikes don’t require driver’s licenses, road tax or insurance and consequently their associated costs.
Tags: Rising oil prices and electric bikes
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