Yahoo Finance Top 15 Electric Bike Brands According to Reddit
In this article, we will list the top 15 electric bike brands according to Reddit. If you want to skip our detailed discussion on the electric bike market and the latest news from the industry, go to Top 5 Electric Bike Brands According to Reddit.
Electric bikes have gone through immense improvements in the last few years. Gone are the days when they used to be bulky and expensive. Thanks to technological advancements and the rising interest in decreasing carbon footprints, these bikes have become more agile, affordable, and powerful than before.
The e-bike market is projected to reach a value of $62.3 billion by 2028. It was valued at $49.1 billion in 2023 and is expected to experience a compounding annual growth rate of 4.9% for the forecast period of 2023 - 2028. Demand for electric bikes is increasing at an unprecedented scale, especially in the United States. North America is the fastest-growing market for electric bikes, as e-bike adoption rates are increasing in the region. One of the main drivers of this growth is a shift towards environmentally friendly transport options.
In 2021, more than 880,000 e-bikes were sold in the United States. In fact, in the same year, sales of e-bikes outweighed electric cars. In 2020, the total number of electric bikes sold was 450,000. So, the sale of electric bikes nearly doubled within a year. It seems that people have started to realize that electric bikes offer a much more efficient commute for shorter distances. According to the US Department of Energy, more than half of all vehicle trips in 2021 were less than a mile away.
An electric bike seems like a perfect transportation mode when you only need to get around the block for some groceries. Many people also love electric bikes because it gives them the joy of riding a bicycle without the physical exertion. These bikes have a pedal assist, which can encourage the riders to bike at longer distances than they would on a traditional bike. This also makes it a suitable bike for older riders and individuals with disabilities.
Research by the National Aging and Disability Transportation Center (NADTC) and Shared Mobility, Inc. (SMI), a nonprofit advocate for accessible and equitable transport, found a need for recreational options and improved quality of life in older people. Electric bikes ultimately give them more confidence to get outside and be active. SMI received more than 3,000 donated electric bikes from Uber Technologies, Inc. (NYSE:UBER) in 2020, after which the nonprofit collaborated with local community-based organizations to pilot free e-bike libraries in Niagra Falls and Buffalo's East side.
Despite the rising popularity of electric bikes, some people refrain from purchasing them because of the high price bracket. The price of an electric bike starts at around $1,000 and goes up to $6,000. Yet, some vehicles, specifically made for delivery workers, can go for up to $9000. These bikes have a longer range and are more powerful. So, some people might not find it justified to pay $3,000, on average, for an electric bike.
Governments around the world and in the United States realize this and offer several programs to encourage people to purchase electric bikes. An e-bike incentive tracker developed by Portland State University's Transportation Research and Education Center shows that currently there are 62 active programs offered by states, localities, and local power districts. These programs offer assistance in the form of rebates on the purchase of electric bikes. It is worth noting that the states of California and Colorado offer the most in the form of rebates.
As a result of the increasing popularity of electric bikes, some companies, such as Uber Technologies, Inc. (NYSE:UBER), have started a rental service. Uber Technologies, Inc. (NYSE:UBER) offers on-demand electric bikes, which can be reserved through its application. The application notifies the users of nearby Uber bikes and gives them directions after reserving the bikes. After the end of the trip, the rider locks the bike using the cable lock on the back wheel.
With that backdrop, let's look at the top 15 electric bike brands according to Reddit.
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Methodology
To curate our list of the top 15 electric bike brands according to Reddit, we use three (1,2,3) Reddit threads. We noted down each bike brand mentioned on these threads as long as the post or comment had at least one reply. For each post and comment, we also noted the total upvotes. Then, we sort the brands according to the total number of times they were mentioned across all three threads, and this figure is mentioned in our list as 'count'. The higher the count, the higher the brand ranks on our list. As a tiebreaker, we used the total number of upvotes that the post or comment mentioning the brand received. So, if brands A and B each have 3 counts, but B has more upvotes, B ranks higher.
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15 - REI
Total Count - 1
Total Upvotes - 20
REI is one of the best electric bike brands according to Reddit. The company is a popular outdoor gear and sporting goods retailer and offers a wide variety of e-bikes. Its most popular and in-demand model is the REI Co-op Generation e.11, which, apart from being versatile and budget-friendly, is also easy to use because of its 'step-thru' frame. This bike is suitable for urban use and retails for around $1,500. REI is known for offering entry-level bikes, but many users on Reddit also praise the brand for making durable bikes on a budget.
14 - Cannondale
Total Count - 1
Total Upvotes - 41
Cannondale is a renowned American bicycle manufacturer known for producing quality bicycles. It has an innovative and diverse range of products, and recently the company is making its mark in the e-bike territory. The brand offers almost 50 e-bike models in the following categories: E-Fitness, E-Road, E-Urban, and E-Touring. Its Treadwell Neo is one of the most popular e-bike models. It comes with the top of the line Bosch motors and batteries along with high-quality aluminum and carbon frames. These bikes also come with reliable SRAM and Shimano components.
13 - Riese & Müller
Total Count - 1
Total Upvotes - 42
Riese & Müller is a German e-bike manufacturer, which has made a prominent mark in the US e-bike market. The brand is known for its unique design language. Its Delite, Homage, and Novo models stand out for their retro and unique looks. The Homage GT Touring is one of its most popular models. It comes with a full suspension, as it is designed for touring and long-distance cycling. The Homage GT touring also features a Bosche Performance Line CX motor and a 1,250 Wh battery. Riders also praise the Homage GT Touring for its overall comfort and durability.
12 - Tern
Total Count - 1
Total Upvotes - 43
Tern is one of the most popular electric bike brands in the United States. It is known for making compact cargo and folding bikes, and some of its most popular models are Tern GSD, HSD, and Quick Haul. Tern GSD is particularly the most popular model as it is versatile and has cargo-carrying capabilities. However, what sets this e-bike apart from others is its compact design and impressive weight-carrying capabilities. Tern's focus on compact and versatile design has made it one of the top electric bike brands according to Reddit.
11 - Giant
Total Count - 2
Total Upvotes - 3
Giant is 11th on our list of top 15 electric bike brands according to Reddit. It is a well-known brand that offers a diverse lineup of e-bikes. The company is already one of the largest manufacturers of traditional bicycles and is on the path to becoming one of the most dominant players in the e-bike market. Reddit users note that their e-bikes offer excellent value for money as they offer high-quality bikes at low price points. One of Giant's most popular models is Momentum, which is a versatile, yet affordable bike designed for urban commuting.
10 - RAD Power
Total Count - 2
Total Upvotes - 4
RAD Power is 10th on our list of the top 15 electric bike brands according to Reddit. It is a North American electric bike brand and offers a variety of bikes for different lifestyles and needs. The brand is known for its affordable and custom-designed e-bikes. One of their most popular models is the RadRover 6 Plus, which comes in high step-up and step-through frames, a powerful 750W motor, and a 672Wh battery.
9 - Denago
Total Count - 2
Total Upvotes - 5
Denago is one of the most popular e-bike brands. It offers bikes in various styles, sizes, power, and functionalities. One of the most popular bike models of Denago is the Commute Model 1, which is packed with features such as hydraulic disk brakes and eight-speed gearing. The bike comes with a 500W motor and lights, a fender, and a rear rack.
8 - Haibike
Total Count - 2
Total Upvotes - 45
Haibike is 8th in our list of the top 15 electric bike brands according to Reddit. It is a German e-bike brand known for its high-quality mountain electric bikes. The brand offers a range of bikes, including AllMtn, nDuro, Alltrail, Lyke, AllTrack (29), AllTrack (27), Trekking Crossbar, Trekking Low, and Trekking Uni. Their most popular model is the AllMtn which is designed for trail and mountain riding.
7 - Cube
Total Count - 2
Total Upvotes - 46
Cube is another German bike brand on our list of the top 15 electric bikes according to Reddit. It offers high-quality premium bikes which are hand-crafted in Germany. The bikes come at a premium price tag but are extremely durable and stylish. One of their most popular models is the Cube Stereo Hybrid, which is popular among mountain bikers.
6 - Canyon
Total Count - 2
Total Upvotes - 47
Canyon is sixth on our list of the top 15 electric bike brands according to Reddit. It is also a German bike manufacturer which sells innovative and quality e-bikes, particularly in the mountain bike segment. One of its most famous models is the Canyon Spectral: ON, which offers a balance between performance and affordability.
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Disclosure: none. Top 15 Electric Bike Brands According to Reddit is originally published on Insider Monkey
