alt Hacker NewsChina's EV-2W sales graph shows a peak in 2021 and then a declining trend in past few years. Curious to know what's happening there. I couldn't find any explanation in the article (admittedly I just skimmed).
Replies
sidkshatriya • yesterday at 2:39 PM
My theory: China became richer and more developed. So:
(1) Public transport became better and some people shifted to it
(2) Some people upgraded to cars
Might have been the bike share bubble? Asianometry - China's Bonkers Bike-share Bubble https://youtu.be/FQrEDq8KPiU and China Observer - bike graveyard https://youtu.be/49xQ2sTkjwM
During: https://www.weforum.org/stories/2020/07/4-big-bike-sharing-t...
After: https://www.news8000.com/lifestyle/money/china-s-bike-sharin...