Italian and Swiss Electric Cycle Markets: 2020 Boom
44 days ago
New data on the electric cycle markets in taly and Switzerland are now available for 2020. Both markets followed the European trend of substantial growth.
Just like all other European markets, the Italian electric cycle market is booming. In 2020, a record number of 280,000 vehicles have been sold. Compared to the year before, when 195,000 pieces went over the counter, this is a growth of almost 44%. For comparison, in 2015 sales were just over 55,000 electric cycles, so five years later sales are more than 5 times higher.
The Italian Motorcycle and Cycle Manufacturer Association (ANCMA) also published data on production, import and export of electric cycles. Production made a leap of almost 30% from 213,000 to 275,000. Of these, 115,000 were exported, which was a 28% rise. Average value of exported e-cycles was surprisingly low at € 695, still almost 8% up from the year before. 120,000 electric cycles were imported in 2020 with an average value of € 983. So while the import volume grew with almost 67%, average value decreased by 12.6%
Velosuisse published new data on the Swiss electric cycle market in 2020. A total of 171,132 electric cycles found a new owner, once again a record with a growth of 28.6% compared to 2019. The two biggest categories of electric cycles are the electric city cycles max 25 km/h with 77,903 pieces and electric MTB max. 25 km/h with 65,363 pieces.
Nevertheless, speed pedelecs and electric cargo cycles also proved to be popular. Almost 20,000 speed pedelecs were sold in 2020, a year-on-year growth of nearly 20%. According to Velosuisse, that is a comparable to the number of BEVs sold in Switzerland and shows that the speed pedelec is becoming more and more an attractive solution for commuters.
Furthermore, a total of 1,613 cargo cycles with a maximum speed of 25 km/h were sold in 2020, a growth of almost 26% compared to the year before. The 45 km/h cargo cycles increased to 326 pieces in 2020, a growth of just under 60%.
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