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Electric Bikes are Booming (Again)

Rising fuel prices are a part of it.

Electric bicycles for sale at a shop in Watertown, Massachusetts.

Electric bicycles for sale at a shop in Watertown, Massachusetts.

Photographer: Adam Glanzman/Bloomberg
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The Pedego Electric Bike store in St. Louis normally closes for the month of February because there are not enough sales to justify keeping it open through the winter. This year, with an unusually large number of phone calls coming through, it re-opened early. February wound up being a “bonanza of a month” at the store, according to Pedego chief executive officer Don DiCostanzo, who oversees the e-bike brand’s 208 dealerships across North America. “We’re seeing a big spike in orders coming in way ahead of the season,” says DiCostanzo. “Every month there’s another record.”

Though he can’t prove it, DiCostanzo is convinced that rising fuel prices are driving sales. “I’m not going to tell you it’s all because of fuel,” he says. “But I absolutely believe it’s acting as a catalyst to get more people to consider alternate forms of transportation.”