Greenwit Technologies credits high gas prices, inflation, climate change for jump in sales
by CM Staff
The company says government incentives and the general benefits of owning an electric motorcycle have boosted their sales in Canada by 200 per cent in 2021 compared to 2020.
VANCOUVER — Greenwit Technologies has reported a 250 per cent jump in sales during the first quarter of 2022 compared to 2021.
The company’s owner Steve Miloshev says he expects sales to keep climbing due to high gas prices, steady inflation and growing public concern over climate change.
“The recent hike in gas prices has urged many households to look for more affordable alternative forms of transportation,” Miloshev said in a statement.
“The current pace of global inflation has also limited the purchasing power of the majority of the population. And, with the extreme 50 degree weather last year, more and more are concerned about how the vehicles they choose are affecting the environment. That’s why Canadians have been turning to less expensive, more convenient, and more environmentally friendly alternatives for their daily transportation needs.”
The company claims electric motorcycles are widely popular in Europe, and they can match the speed and travelling range of a full-sized internal combustion engine vehicle.
For commuters in cities, electric motorcycles also offer a way to bypass much of the congestion, as they are more nimble on city streets than a full-sized vehicle and in some places they can use the bus lanes and park for free.
Miloshev also noted that some Canadian provinces, like British Columbia have also introduced rebates of up to 33 per cent of the purchase price for the purchase of electric motorcycles.
The company says government incentives and the general benefits of owning an electric motorcycle – like drastically reduced maintenance costs compared to their ICE counterparts – have boosted their sales in Canada by 200 per cent in 2021 compared to 2020.
More than 90 per cent of the electric motorcycles distributed in Canada by Greenwit Technologies are for urban transportation, with up to 140 km of range per charge, Miloshev added. Some of the electric motorcycles he sells have a speed of 100km per hour.