Square Meters

lithium battery production facility


Units of E-Bikes

sold by 2025 is EZGO’s goal


Smart Charging Piles

are planned to be sold by 2025

View Our Analysis

The Path to Drawdown: E-bikes

Electric bicycles come with a motor powered by a small battery, making it easier to traverse steep hills or cover long distances than conventional bicycles. E-bikes are the most environmentally friendly means of motorized transportation in the world today.

Compared to combustion engine vehicles, e-bikes emit far fewer emissions. But they’re not emissions-free: the manufacturing process for their batteries lead to higher CO2 emissions than traditional bikes, and the battery gets its charge from the nearest outlet, regardless of whether that’s coal-based or solar-based.

Nevertheless, e-bikes are a low-emission solution to congested cities around the world. They’ve already been widely adopted in China since the 1990s, when that country’s booming cities implemented strict anti-pollution rules.

Project Drawdown envisions a significant increase in the use of e-bikes between now and 2050:

  • <::marker> In 2018, e-bike riders traveled ~586 billion km, mainly in China
  • <::marker> By 2050, this should increase to 3.4 trillion km per year
  • <::marker> That’s a 5.65% CAGR between 2018 - 2050

If this scenario is achieved, e-bikes can help reduce up to 4.1 gigatons of CO2 emissions.

What We Want to See Improve

Develop a Circular Economy Business Model

We’re excited that EZGO is contributing to the expansion of China’s e-bike market. But manufacturing and selling electric alternatives to conventional fossil fuel-based transportation is only one side of the equation in a sustainable transition. The world also needs more companies that recycle lithium batteries and motors when they’re at the end of their life. We urge EZGO to develop these processes and incorporate them into their expansion plans for 2025.

Disclose Sustainability Information

As of now, EZGO lacks any sort of sustainability information. As investors become more concerned about the carbon footprint of their portfolio, they will demand greater transparency around companies’ emissions, energy use, and sustainability initiatives. We want EZGO to get on board with this trend. 

Set Emissions Reduction Targets

Along with enhancing sustainability disclosures, EZGO should also set targets for reducing their GHG emissions. As they expand their e-bicycle production, there’s an opportunity to switch to China’s large renewable energy supply so as to lower EZGO’s direct emissions from their operations. Ultimately, we’d like to see EZGO work toward becoming zero emissions by the year 2050.

Related Electric Bike Stocks in the Climate Index

View All Climate Index Stocks →

Allocated Company Description


Niu Technologies Inc. (NIU)

Niu Technologies makes bicycles, motorcycles and scooters that are all powered by electricity. A key solution for decarbonizing dense, urban areas


EZGO Technologies Ltd. (EZGO)

EZGO designs and makes e-bikes and e-trikes in China. They also sell batteries and charging stations for e-bikes. They're helping electrify transportation

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