Hi guys, I'm new to this forum, but not new to the world of manufacturing. I actually became a member to gauge the market for electric bikes/mopeds/motorcycles. It seems that whatever product is available of a good enough quality, is priced beyond the reach of a majority of the population. Taking the Bolt M1 as an example, It's priced at $4,995/- if I'm not mistaken. $4,995/- will get me a fully fledged motorcycle, which might not be as efficient/cheap to run, as an electric bike, but will definitely be cheaper and more efficient than a car. I feel that the market needs a product in the sub $1500-2,000$ with similar, if not the same capabilities. Is this even possible? I saw another product on the market for $10,000/- which is a strictly "Off-Road" product, capable of speeds in excess of 85km/hr. How many people would pay that much for a really fancy electric bicycle?
I'm just beginning my research in this field so I'm not really aware of all the nuances and costs involved. As a company, we manufacture windscreen wipers and Exhaust systems for passenger cars and LCVs in India. This, I thought, might be a good extension of our fabricating and manufacturing capability, to fabricate and assemble electric bicycles. any input on what the market needs would be highly appreciated.