In Japan, battery-powered bikes sold more than scooters and motorcycles in 2008, with a 24% increase in sales since January. The most common explanation for this spike is environmental awareness – less gas equals more green – but I believe the housewives, senior citizens and businesses buying the lion’s share of these vehicles are doing so for reasons more practical than altruistic.
For some companies, electric bikes affect the bottom line. Fuji Xerox’s fleet of 540 bikes have already paid for themselves via smaller fuel costs, less staff parking tickets and outgoing service times cut by 10 percent. Kinki Osaka Bank Ltd. expects to save ¥47 million in fuel a year.
Read the full piece at Japan Pulse.