Electric powered bicycles are helping people commute, but the technology is finally seeing a major shift in the development of the lithium battery industry, reports BusinessInsider. This addresses one of the dirty little secrets of the so-called green technology of electric bikes. At present, a fact which is widely reported, is that the majority of bicycles in the developing world rely on the route are dirty sealed lead acid batteries, rather than the cleaner – and more environmentally friendly – lithium batteries.
According to a recent report from Pike Research, the global market for electric bicycles will climb at an estimated compound annual growth rate of more than seven percent over the next six years, and annual sales of electric bikes will pass 47 million by 2018. Continue reading Power Shift in eBikes Coming