08 May '13, 1pm

Will Electric Bicycles Get Americans to Start Pedaling?: Filed under: Energy News

Will Electric Bicycles Get Americans to Start Pedaling?: Filed under: Energy News

by Marc Gunther . First Published on Yale Environment 360 Electric bicycles are already popular in Europe and in China, which has more e-bikes than cars on its roads. Now, manufacturers are marketing e-bikes in the U.S., promoting them as a "green" alternative to driving. Most Americans know about Tesla [NASD:TSLA ], the Chevy Volt, and the Nissan Leaf. But what about Evelo, the eZip Trailz, and the Faraday Porteur? The first three are, of course, electric cars. They benefit from a lot of media attention and generous government subsidies, including a $7,500 tax credit for buyers in the United States. The latter are electric bicycles, and they attract neither. Yet Americans bought as many electric bicycles as they did electric cars last year. About 53,000 electric bicycles were sold, according to Dave Hurst, an analyst with Navigant Research who tracks the industry. Electri...

Full article: http://www.altenergystocks.com/archives/2013/05/will_elec...

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