China's EV-2W sales graph shows a peak in 2021 and then a declining trend in past few years. Curious to know what's happening there. I couldn't find any explanation in the article (admittedly I just skimmed).
During: https://www.weforum.org/stories/2020/07/4-big-bike-sharing-t...
After: https://www.news8000.com/lifestyle/money/china-s-bike-sharin...
(1) Public transport became better and some people shifted to it
(2) Some people upgraded to cars