Title
Explaining the growth in light electric vehicles in city logistics
Author
van Duin, R.
Ploos van Amstel, W.
Quak, H.J.
Publication year
2022
Abstract
Research finds that the global market value of cargo bikes will hit 2.4 billion euros by 2031. Analysts with Future Market Insights assessing the growth of cargo bikes have placed the parcel courier industry as a key buyer of electric cargo bikes, forecasting that 43 per cent of sales could go to this industry. This growth is driven by city logistics trends, particularly as studies emerge showing the high efficiency and cost saving of the cargo bike versus the delivery van. It will not solely be direct incentives that drive uptake, however. The policy that restricts motoring and emissions is expected to be a key driver for businesses that seek profitability, with three-wheeled electric cargo bikes making up nearly half the market. The advance of e-bike technology has seen a strong rise in market share for assisted cargo bikes, now accounting for a 73 per cent market share. Potentially limiting the growth is the legislation governing the output and range of electric cargo bikes (FMI, 2021).
Subject
Mobility & Logistics
Urbanisation
To reference this document use:
http://resolver.tudelft.nl/uuid:09aaf540-c853-463c-8a38-8a14186f39c7
TNO identifier
981517
Publisher
Elgar Online
Source
Innovations in Transport, 188-220
Document type
bookPart