Global e-bike sales are predicted to reach $24.4 billion per year by 2025. According to Navigant Research, those numbers are up from $15.7 billion in 2016. While sealed lead acid battery-powered bikes are in the majority now, most of the growth will be in those powered by lithium-ion packs. Sales in the current leading market, China, are expected to fall, though, due to e-bike bans in some cities as well as market saturation. E-bikes benefit from a lower cost compared to EVs, no need for licensing, and existing bike infrastructure. Read more at Clean Technica, or from Navigant Research.
Evercharge says that governments need to catch up with technologies. With the development of electric, connected, and autonomous vehicles, as well as the introduction of ridesharing apps and carsharing services, laws are struggling to keep up with the way we live our lives. "Smart cities need smart governments," says Evercharge. Governments should make better use of their unique access to data not just to protect their citizens, but also to help foster innovation. Read more in the blog post from Evercharge.
Infineon will buy fellow semiconductor manufacturer Wolfspeed in order to expand into electric vehicle technology. As cars, especially EVs, incorporate more and more advanced technology, Infineon sees an opportunity to expand into the fast-growing market. The move is part of Infineon CEO Reinhard Ploss' strategy to invest in energy efficiency, connectivity, and autonomous driving technologies. The $850 million deal also allows Wolfspeed's current owner, Cree, to focus on its bread-and-butter technology, LED lighting. Read more from Automotive News Europe.