It is entirely, reasonable to predict that electric bicycle sales will be 3-4 million units per year within 3-5 years. That is only 10 times this year's production, and the business is still in its infancy. If electric bicycles grow like mountain bikes did, then we will look back and laugh at the conservative projections of 1998. If only 5% of the current bicycles in the world become electric, we are looking at an emerging $50 billion industry!

Everyone will benefit from having improved access to efficient and clean transportation. Massive social, economic and environmental benefits that will be gained by reducing petroleum dependency, air pollution, and greenhouse gas emissions. Many specific interest groups also stand to gain from the growth of this industry.