EU e
Moreno Fioravanti
EBMA secretary-general Moreno Fioravanti  said Europeans buy some 20 million bicycles per year  of which about 10 percent are now e-bikes  with the potential to rise to a quarter within five years.
European companies had pioneered the pedal-assist technology that e-bikes use and had invested about 1 billion euros ($1.2 billion) last year   he  said  but was risking losing its industry to China.
âToday the European bikes are the best in the world and we have to invest every year to renew the range. The Chinese are getting the money from the government and the subsidies have an impact of 30  40  even 50 percent of the price of the product â  Fioravanti  said.
âYou have subsidies  which generate overcapacity  which generate dumping â  he  said.
[TGT] said Europeans buy some 20 million bicycles per year  of which about 10 percent are now e-bikes  with the potential to rise to a quarter within five years.
European companies had pioneered the pedal-assist technology that e-bikes use and had invested about 1 billion euros ($1.2 billion) last year    [TGT]   said  but was risking losing its industry to China.
âToday the European bikes are the best in the world and we have to invest every year to renew the range. The Chinese are getting the money from the government and the subsidies have an impact of 30  40  even 50 percent of the price of the product â   [TGT] said.
âYou have subsidies  which generate overcapacity  which generate dumping â   [TGT] said.