The race to be Tesla of electrical bikes
The Harley-Davidson LiveWire electrical motorbike does not have huge gross sales but, however CEO Jochen Zeitz lately remarked throughout an earnings name, “It is also attracting new riders, new prospects to the model that may not have thought of Harley-Davidson earlier than.”
Tesla reached a $500 billion market valuation this week, an indication of its dominance within the electrical automobile market. However Elon Musk has proven no actual curiosity in a single rising EV phase: battery-powered scooters and bikes. An accident he suffered as a youth on a motorcycle — practically deadly, Musk has mentioned — turned him off two-wheelers, for now. However the manufacturing of battery powered bikes is rising and consolidating, which suggests it is prone to produce a number of dominant gamers within the years to return.
The electrical motorbike and scooter market reached $30 billion in 2019, in accordance with a June 2020 report by Preeti Wadhwani and Prasenjit Saha from the analysis firm Global Market Insights (GMI). They…