Light electric vehicles (LEVs) are rapidly becoming a key component of modern urban mobility, with significant growth expected in the industry over the coming years. In Europe, LEVs are already outselling electric vehicles (EVs), with the market projected to triple by 2030 and double again by 2040. In 2022 alone, 10 million LEVs were sold in Europe, nearly three times the number of EVs sold that year.
The growing popularity of LEVs can be attributed in small part to the rise of shared micromobility options. Since 2018, over 800,000 shared micromobility vehicles have been deployed across 515 European cities. However, this growth extends beyond shared options to include personally owned LEVs; a surprising one in every five European households now owns an e-bike and in 2023 sales of e-bikes surpassed those of conventional bikes in Germany.
MORE INFO: EIT Urban Mobility
IMAGES FROM: EIT Urban Mobility
