Global Electric Motorbike Industry Set to Take Off
Analysts believe this market could be worth upwards of $60 billion over the next three years. Motorbikes are the most common method of transportation in many developing countries around the world. While we all think of sleek electric cars from the likes of Tesla (NASDAQ:TSLA), electric motorbikes may be the next big frontier.
Earlier this week, legacy motorcycle company Harley Davidson (NYSE:HOG) announced it would be unveiling an electric motorcycle model from its subsidiary, Livewire. When major brands jump into the market, it’s clear things will start to heat up. Meanwhile, smaller companies like iQSTEL have been in discussions with vendors from Africa and Latin America to expand into international markets where motorbikes are widely utilized as the main source of transportation. Investors looking to play this trend before it goes mainstream will want to check out stocks like Niu Technologies (NASDAQ:NIU), iQSTEL (OTC:IQST), and Bird Global Inc (NYSE:BRDS).
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