Poor Economic Conditions Lead to Growing Interest & Increased Sales of Electric Bikes in 2009

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Sales of electric bikes continue to grow in the U.S. and a sluggish economy may contribute to additional growth as cash strapped consumers look for ways to save money...

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Surprisingly, most people aren't even aware that these products exist. But as the word spreads, we're seeing growing interest as more and more people become educated about the advantages of electric-powered bikes and scooters.

With gas prices at record levels, electric bikes stormed onto the scene last summer and several major retailers, including Wal-Mart, capitalized on the craze with their low cost electric bike models. These days, gas prices have subsided and the economy is undergoing one of the worst recessions in years. But according to Craig and Jeremy Panizzoli of eCo Wheelz, Inc, it hasn't slowed down the sales of electric bike and scooters.

"Traffic continues to grow at our new retail store," said eCo Wheelz President and Founder, Jeremy Panizzoli. "Surprisingly, most people aren't even aware that these products exist. But as the word spreads, we're seeing growing interest as more and more people become educated about the advantages of electric-powered bikes and scooters."

Located in Downtown Plymouth, MI, eCo Wheelz specializes in electric bicycles, scooters and mopeds. Operating on 100% electric power, these products are both economical and eco-friendly. With a range of 15 to 35 miles per charge (dependent on model), it costs less than a penny per mile to operate an electric bike or scooter. In comparison, the average automobile costs $0.51 per mile. For a commuter who travels 15-30 miles per day, the savings add up quickly and the cost of the bike - as low as $599 - can often be recovered within the first year.

The U.S. market for e-bikes continues to grow. Even with a struggling economy, 2009 is expected to be a record year for electric bike sales, with projections of 170,000 units. Although this is a vast improvement over 120,000 units in 2008, it pales in comparison to European and Asian markets where electric bikes have received widespread acceptance for years. But Panizzoli believes that a bad economy and an uncertain economic outlook will be the driving force for continued growth in the year to come.

"With fear and uncertainty in the air, consumers are looking for ways to cutback. It's likely many people will be forced to give up their car or search for new ways to save money. Electric bikes provide an excellent alternative and can help struggling families (or individuals) during tough economic times. As the economy continues to suffer, its likely people will continue to search for ways to cut expenses. It's our job to make sure they know about our products and the bikes will sell themselves."

Although traffic is likely to slow down over the winter months, eCo Wheelz is expecting spring to be a huge success for their retail store. In the mean time, the eCo Wheelz website is up-and-running all year round and traffic continues to grow (even over the Winter) as consumers in warmer states search for their products online. Choose from a wide variety of electric bikes and scooters, electric mopeds or install one of their electric bike kits.

To learn more about eCo Wheelz and see a full list products, visit: http://www.eco-wheelz.com

Or contact:
Jeremy Panizzoli
eCo Wheelz, Inc.
198 S. Main Street
Plymouth, MI 48170
(734)453-3359

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