“Cyclists are building a strategic and innovative industry for Europe’s green future. The EU’s bicycle, electric bicycle and parts industry generates more than 1 billion euros of investment each year and about 12 billion euros in industrial output growth. The bicycle and electric bike industry in the European Union is One of the largest employers in the green industry.Overall, the EU bicycle industry directly and indirectly provides 90,000 job opportunities in the EU market, and more than 800 SMEs in 20 of these member states directly participate in bicycles and pedal assistance. The production of electric bicycles and components, or reliance on the EU bicycle industry, is a guarantee that EU consumers can buy innovative, high-quality and safe products in addition to controlling their carbon footprint. Continued development is also the best way to achieve the goal of a long-term circular economy."
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