Overseas demand for electric bicycles doubles as oil prices soar

Recently, the international oil price fluctuated and rose sharply, and after several rounds of domestic increases, oil prices in many regions have exceeded the ten-yuan mark.

Many car owners have complained that the gas is too expensive, and Canberrans in Australia say they need to pay more than $150 to fill their tanks.

The oil price itself has maintained a trend of big rises and small falls. Coupled with the recent outbreak of conflicts between certain countries, international tensions and market supply blockages have also exacerbated the rise in crude oil prices.

According to data from Xinhua News Agency in New York on March 21, international oil prices ushered in a sharp rise on the 21st. As of the close of the day, the price of light sweet crude oil futures for April delivery on the New York Mercantile Exchange rose $7.42 to close at $112.12 per barrel. An increase of 7.09%; Brent crude oil futures in London for May delivery rose $7.69, or 7.12%, to settle at $115.62 a barrel.

"For e-bikes, they have always been very popular, but recently there have been more inquiries about these types of products," said a staff member at a bicycle chain store in Canberra. Interest in electric bicycles and electric vehicles has grown rapidly.

Under the epidemic situation, people will try to avoid taking public transportation to reduce contact. Therefore, under the circumstance that the long-distance travel of public transportation in the epidemic is blocked, and the cost of driving increases due to rising oil prices, electric bicycles may gradually become the first choice for people to travel. Considering that this kind of micro-transportation fills part of the gap in the transportation market, especially in terms of short-distance travel and commuting, it will facilitate the travel of a large number of people.

Relevant market leaders also indicated that consumer demand for electric products and dealers has increased, almost doubling, and this obviously has a strong correlation with the fuel market.

'I'd rather spend two bucks on a bike to work than buy a litre of petrol'

Not only Australia, but also the American people’s interest in electric products is also increasing. Gasoline prices in most parts of the United States have exceeded $4 per gallon, and even higher in some places. The gas price in California was close to $6, so despite the high price of electric vehicles, Supply is limited but demand is expected to remain strong, with cities large and small adding EV charging stations from coast to coast.

Domestically, due to the impact of oil prices, the sales of electric bicycles in Kunming increased by 50% year-on-year. The person in charge of an electric bicycle specialty store introduced that with the increase in oil prices in March, the sales of electric bicycles in the store increased significantly. The completed sales took only 20 days in March.

Now the price of electric bicycles is generally between 1800-5000 yuan, and the battery life is generally 30 to 40 kilometers. If the distance between the home and the company is within the battery life, it can be used as a means of transportation. It is troublesome and crowded, and it is not cost-effective to take a taxi. Assuming that the electric bicycle is charged once a day, the power consumption is about 3 degrees, and it can meet the needs of commuting without a few dollars, and it can avoid traffic congestion, so it is not too cost-effective.

The natural flexibility and lightness of electric bicycles allow it to be used in a variety of scenarios. Now, due to the continuous innovation and development of major manufacturers, the design of foldable, loadable, lighter, safer, and extended mileage functions is even more important. It satisfies the choice and use of more life scenarios, and the unique environmental protection and sports attributes are also the reasons why it is favored by the public.

Due to the market demand, the appearance of electric bicycles has been improved in many aspects compared with the past. Taking into account the preferences of different people and the use of life scenarios, different elements are injected, which is full of technology and futuristic.

The demand for electric bicycles from overseas consumers is constantly rising. It is not only affected by the epidemic. People need to reduce gatherings. Therefore, they should avoid public transportation with large traffic during work and commute. There are also countries that encourage people to use electric bicycles or electric vehicles. Carbon travel, reduce emissions, and start to build bicycle lanes to improve infrastructure to facilitate people's travel. European and American consumers who love outdoor sports often arrange mountain travel or cycling leisure activities during holidays.

It seems that electric bicycles have penetrated into all aspects of our lives. We also particularly look forward to the continuous innovation of electric bicycles by major manufacturers and design functional vehicles suitable for different scenarios. Whether it is practicality or appearance design, we are looking forward to seeing more To a new type of electric bicycle can bring greater changes to our way of life.