Recently the global e-bike market was forecasted to explode from $25 billion in 2020 to around $48 billion by 2028, doubling the value it was predicted to reach before the pandemic. People are looking to add more outdoor exercise to their lifestyle habits while also hopefully decreasing automobiles from their daily commute. Beyond the the clear health benefits, a recent study revealed the expense of owning an electric bike (e.g., charging, tune-ups, tires, etc.) to be just over $300 per year. Annual car maintenance costs more than eight times that amount.
