More than 130 million e-bikes to be sold as they overtake other modes of transport: report
More than 130 million e-bikes will be sold over the next three years as the vehicle grows in popularity as a mode of transport, according to a report today.
In its annual predictions, the technology, media and telecommunications practice at business advisory firm Deloitte predicted that the number of people cycling to work will grow.
And commuters will opt for e-bikes as they make cycling less of a physical effort, while the technology of e-bikes is also improving.
Paul Lee, global head of technology, media and telecommunications research at Deloitte, said: "Improvements in lithium ion battery technology, pricing and power have led to a significant surge in interest globally. The number of e-bikes on the roads will easily outpace other e-vehicles by the end of next year."
And turning to more sedate pastimes, Deloitte also predicts that sales of audiobooks will reach £115m next year, and will overtake sales of e-books in the US in around four years' time.
And 5G will also start to transform the economy, Deloitte said.
Danny McConnell, technology partner at Deloitte in Belfast, said: "5G is poised to be the most disruptive mobile technology since the mobile phone itself.
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"The way we work fundamentally changed by the launch of 4G and Wi-Fi. 5G will bring a similar transformation to the connectivity of machines and devices, delivering a boost to productivity in factories and warehouses in particular.
"While it's likely to be a long time until we see autonomous cars on the open road, factories will be full of 5G-enabled autonomous machines from next year."
Deloitte's annual forecast also predicted that revenues from advertising-supported video on demand will break £500m in the UK next year.