Driven by emission reduction policies and advances in electric motor and battery technology, the sales of electric two wheeled vehicles in major global economies have rapidly increased in the past five years. The global total sales of electric two wheeled vehicles increased from 35.2 million in 2017 to 65.6 million in 2021, with a compound annual growth rate of 16.9%. From 2020 to 2022, due to the impact of the epidemic, more and more people are choosing the healthy and green mode of transportation, such as "cycling". Especially in the European region, the demand for short distance transportation such as two wheeled electric vehicles has greatly increased, and the global market for two wheeled electric vehicles has maintained a steady growth trend. According to preliminary statistics, the global sales of two wheeled electric vehicles will reach 74 million units in 2022, and the number of electric bicycles in China is approximately 360 million units.
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