Insurance and liability risks in the emerging e-bike market | PropertyCasualty360

2022-08-13 04:56:36 By : Ms. Susan Zhan

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The summer of 2022 has seen record-breaking highs, and not just in the weather reports. Commuters in the United States have seen gas prices soar to unheard-of levels, though there has of late been some relief. High gas prices and overall inflation have forced commuters to seek alternative methods of transportation. For some, biking to work, taking public transit and driving electric vehicles have become the new norm.

Along with this trend, electric bicycle manufacturers have witnessed a surge in sales. Electric bicycles, or “e-bikes,” are an increasingly popular way to get from Point A to Point B, so long as they aren’t too far away. According to the Light Electric Vehicle Association, the United States imported nearly 450,000 e-bikes in 2020. In 2021 imports were close to 790,000 and this year may set a new sales record.

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Insurance and liability risks in the emerging e-bike market

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