| Electric Bikes - New Business Opportunity? |
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| UC News - Pathfinding & Trends |
| Written by Joy Gilfilen |
| Monday, 07 December 2009 04:09 |
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Looking for a business to start in the city? Investigate the possibility of selling electric bicycles! Just read a fun article about how China is leading the world in bicycle sales. The stats are pretty incredible! 58,000 sold in 1998. In just 8 years, the 2004 sales were 6.76 million. 2 years later in 2006 it was 20 million and sales are projected now to be over 25 to 30 million a year! It doesn't take much to see that the opportunity is there in China...why not in the bigger cities in our country? Insurance rates, parking costs, costs of gas...sounds like there might be a match!
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