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Tariffs are going to fuck it in the US market at least.
I can’t speak as to the veracity of this market report – the full document is only available by subscription to the market research company – but some additional details do appear on their website for this document, published February 2024.
I will say that I’m surprised that SLA battery ebikes apparently still have market share. Guessing what the report indicates, I have to imagine that they’re still useful in very price sensitive markets or where the operating temperature of SLA (-20 to 60 C) is required compared to li ion batteries (0 to 45 C).