With reports coming out about high infection rates among transit workers and with broad community spread of the coronavirus, in general, many people are seeking individual transportation options over public transit.
Some of those options have included new or used cars. September retail sales from dealers of motor vehicles and related parts were up over September 2019 figures, although the 9 month sales so far in 2020 are still below where they were at this time of year in 2019.
Others have sought out e-bikes and other lower cost individual transit options suitable for urban use. E-bikes have also benefited from consumer interest in outdoor recreation as some have purchased versions designed for mountain biking or distance cycling. The rising availability of more types of e-bikes coupled with regulations that make them more accessible will also support sales.
For more information and discussion of opportunities, see The Freedonia Group’s extensive collection of off-the-shelf research, including Global Motor Vehicle Outlook 2020, Global E-Bikes, Global Motorcycles, Global Diesel Engines, Global Buses, and Global Electric Motors. Freedonia Custom Research is also available for questions requiring tailored market intelligence.