Foreign trade for electric bicycles made in Turkey has quadrupled in 2020 compared to 2019, with exports reaching $ 39.2 million, Daily Sabah reports.
In 2020, exports increased mainly due to increased demand in Europe.
The biggest demand came from Finland, which imported $ 9.6 million worth of electric bicycles, Italy ($ 7.9 million) and the Netherlands ($ 7.4 million).
Sales of electric bicycles to the European Union are growing every year, said Anil Shakrak, head of Accell Bicycle, a company that produces about 250,000 bicycles and exports 70 percent of its production.
He explained that the share of electric bicycles in total bicycle exports rose to 42%.