Best Buy has made a good decision betting on the future of the electric bike but certain things have to happen for them to win both short and long-term.
In the short-term a spike in gas prices or a “new worsening” in the broader economy could increase the sale of low-end e-bikes. In the long-term and if they expect to sell more e-bikes and high-end models, they will have to follow the lead of Trek and others in campaigning for an overhaul in the attitudes of the American consumer with regard to the bicycle as a convenient and comfortable form of transportation.
The majority of Americans still can’t comprehend commuting by bike. They just don’t see a bike as a means of getting from point A to point B. But get them to ride an e-bike and the mind and heart begin to open up to the possibility.
If Best Buy and others can convince enough prospective buyers that bicycles aren’t just for exercise anymore then their early bet on the future of the electric bike may pay big dividends.
Sopwell House, St Albans show to see newly announced groupset in the flesh […]
electric bike electric bicycle electric bikes motorized bicycle electric bike motor hub motor electric dirt bikes electric bicycles ebike bike motor electric dirt bike electric bicycle conversion electric bike motor e bike e-bike e bikes hybrid bike electric dirt bikes bicycle motor electric bike conversion
Best Buy has made a good decision betting on the future of the electric bike
Sunday, December 13th, 2009Best Buy has made a good decision betting on the future of the electric bike but certain things have to happen for them to win both short and long-term.
In the short-term a spike in gas prices or a “new worsening” in the broader economy could increase the sale of low-end e-bikes. In the long-term and if they expect to sell more e-bikes and high-end models, they will have to follow the lead of Trek and others in campaigning for an overhaul in the attitudes of the American consumer with regard to the bicycle as a convenient and comfortable form of transportation.
The majority of Americans still can’t comprehend commuting by bike. They just don’t see a bike as a means of getting from point A to point B. But get them to ride an e-bike and the mind and heart begin to open up to the possibility.
If Best Buy and others can convince enough prospective buyers that bicycles aren’t just for exercise anymore then their early bet on the future of the electric bike may pay big dividends.
Tags: best buy, e-bike, electric bike, electric bikes
Posted in News Commentary | Comments Off