Tariffs On E-Bikes From China Derailing U.S. Market
Aug 22, 2018
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FORT MEYERS, USA – Recent imposition of tariffs on electric bikes and component parts from China, may have derailed the rapid growth of electric bicycles in the USA. These tariffs result in significant price increases in a market that has been accelerating. Retailers and distributors, when asked, state that they simply do not know what the impact will be. But they are worried that such big increases will stall or kill the e-bike market.
In 2017, the USA imported about 263,000 electric bikes. This number is arrived at by careful searching of customs databases. Since there is no uniform tariff number for electric bikes, yet, there is room for error.
In 2018 the first 6 months show imports of 73,500 units. This would seem to be a likely drop in sales, but it is too early to be certain. This could represent decreased optimism in the first half of the year or carry over of inventory from 2017.
Even if 2018 is an off year, due to tariffs, the involvement of the major brands, the many new participants focused on e-bikes, and the public awareness of electric bikes means that the USA market has tremendous growth coming.
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