Electric vehicles continue to gain traction around the world but other forms of electric transportation are rapidly gaining share of the market. This was highlighted by legacy motorcycle maker Harley Davidson (NYSE:HOG) selling out of its electric model of motorcycle in just 18 minutes after its launch. The sale shows a massive, pent up demand for all electric forms of transportation, particularly as gasoline levels hit all-time highs in the US.
It also shows a shift in mentality amongst consumers. Before, many would have shunned an electrified version of a classic Harley, but now, consumers seem to be embracing the move to electric vehicles. Add Triumph to the long list of companies developing electric versions of their bikes. Others include Bird Global Inc (NYSE:BRDS), Volcon Inc (NASDAQ:VLCN), and iQSTEL (OTC:IQST).
iQSTEL is a tech company that is well known for its telecom and IoT solutions, but has also made moves into the electric bike and fintech industries as well. With the rise in demand for electric vehicles, iQSTEL has targeted markets like Latin America for its product launch. As global fuel prices continue to skyrocket, renewable energy solutions seem like one of the only sustainable ways forward.
$HOG $BRDS $VLCN $IQST
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