U.S. bicycle imports rise 52% in the first quarter of 2022
The U.S. imported 4.7 million sets of bicycles in the first quarter of 2022 at a port price of $565 million, according to Washington. In dollar terms, this is up 52% from the end of the first quarter of last year and 143% from the same quarter in 2020, when the pandemic supply chain first slowed.
Import data began to increase significantly in the second half of 2021, with the largest data volume in the third quarter, reaching US$571 million, a trend that clearly continued in the first quarter of this year.
Compared with bicycles, electric bicycles have many advantages. They are faster, can be adjusted, meet different scenarios, and are not as laborious as riding a bicycle. Most importantly, they are more environmentally friendly than gasoline vehicles, but the cost is also higher than traditional bicycles. , therefore, the United States continues to provide financial incentives for electric bicycles, which is obviously very effective.
$1,000 was offered to low-income applicants in California to purchase a Class 1, 2 or 3 electric bike priced between $1,000 and $4,000. Several cities in Vermont, including Burlington, offer small awards of $100 to $200. Nelson, British Columbia offers a low-interest loan program of up to $6,260 with no income restrictions.
Last year, a pair of congressmen from California and Oregon introduced the Electric Bike Incentive Environmental Startup (E-BIKE) Act, which hopes to provide consumers with a 30 percent tax credit for buying electric bikes.
In July, the U.S. budget allocated another $10 million to the ARB for an e-bike rebate program for cyclists, bicycle advocates, government agencies, government executives, environmental justice groups, e-bike manufacturers, bicycles retailers and community activists from San Diego to Santa Cruz to Sacramento got involved.
Denver is offering e-bike rebates in April, offering residents instant coupons worth $400 or $1,200 depending on income level. Resident feedback on the program has been overwhelming.
In 2020, Americans buy an electric bike every 52 seconds, according to industry analysts. This trend is expected to continue as personal mobility patterns change, as well as California and other government incentives for clean travel, while addressing climate change and reducing traffic and local air pollution.
The country of origin of U.S.-imported vehicles has also changed considerably over the past 4 years. Four years ago, the Trump administration’s tariffs on Chinese imports had yet to have an impact. But since then, the U.S. has started sourcing more bikes from Vietnam and Cambodia in order to evade tariffs. Nonetheless, Vietnam’s exports fell sharply in the second half of 2021 due to the impact of the epidemic.
More and more resellers from the USA and Europe are importing ebikes from China, DYU bikes company from Shenzhen, China also sees a significant sales rise in the first half of 2022. The sales department manager Jesse says, “Ebikes are getting more and more popular worldwide, then more and more orders are placed to our company. Our most popular model DYU D3F has been sold out 3 times in 2022 while more orders are still coming. It’s exciting news and a new challenge to the company production line.” Taking advantage of the rising ebikes needs on market, DYU rolled out many new models in May, including premium mini ebike DYU D3+ and 20 inch torque sensor ebike DYU R1, etc.
