E bikes in a whole new level of demand all over the country

The demand for e-bikes is seen to increase tremendously over time among most of the professionals and people who want to complete their daily commute, taking into account the hassles of public transport, road jams/suffering, high cost of fuel powered bikes etc. in daily commute.

In 2020, Bangladesh Road Transport Authority issued guidelines for registration of electric vehicles. Since then the use of electric bikes has been increasing.
The demand for electric bikes has increased the most in 2022, according to people associated with the industry.

They said the use of eco-friendly electric 2-wheelers has increased as they are cost-effective compared to oil-powered vehicles. Due to fast rechargeable battery and light weight, these bikes are constantly increasing in demand.

Akiz Motors system analyst Iftekhar Hossain told The Daily Star, 'Just 6-7 years ago, 10 electric motorbikes were sold every month. Now more than 50 are being sold at the same time.'
Similarly, 3-wheel electric bikes are now selling 7 per month. Earlier there were 3.

But, the popularity of electric vehicles in the country has not yet reached its peak due to the increase in the price of electricity as well as the problem of getting charging facilities.
'However, its market has been growing over the past few years. Its possibilities are many,' added Iftekhar Hossain.

He also said, "Earlier, such electric vehicles were only sold outside Dhaka, but after the registration policy was issued, now the demand for them has increased in Dhaka as well."
In this context, India's 2-wheeler electric vehicle brand 'Komaki' has announced its entry into the market by opening an outlet in Dhaka last Friday. Indian news media Economic Times of India reported this information.

Gunjan Malhotra, director of Komaki's electrical division, told the media, 'Our company has received a good response in India. We expect a similar response from other countries of the South Asian Association for Regional Cooperation (SAARC).'

According to him, because of the same geographical features and economic conditions of the SAARC countries, there is a lot of use of bikes here.

He further said that Komaki is ready to enhance customer service to increase the use of electric vehicles in the SAARC region.

"Our company sells 2-wheeler electric vehicles with 9 low-speed models and 8 high-speed models," he added.

According to a report by the US-based market research firm Next Move Strategy Consulting, in 2021, the income from the sale of electric motorbikes in the world was 45.75 billion dollars.
By 2030, its global market is estimated to be $109.53 billion. It will achieve an annual growth of 10.21 percent in the current decade.

At the end of 2022, Walton Digi-Tech Industries Limited, a subsidiary of Walton Group, launched the first electric bike made in the country.

Walton recently said that the company has the capacity to manufacture 250,000 units of electric bikes per year.

Source: Daily Star