Innovation
City Dwellers Increasingly Want Electric Bikes and Scooters
Venture capital has enabled a boom in micromobility.
For many of the short trips city dwellers make, cars aren’t necessary or practical.
Photographer: Tobias Hutzler for Bloomberg MarketsThis article is for subscribers only.
How do you get around the city?
More than half of the world’s 7.7 billion people live in urban areas. The United Nations says 2.5 billion more people could join them by 2050. That means traffic and congestion fees. For many of the short trips city dwellers make, cars aren’t necessary or practical. Which explains the boom in bikes and scooters, privately owned or shared. A growing number are electric.