On the contrary. My household is cycling obsessed and we bought a 250W electric commuter this year. It won't displace our carbon fibre / titanium race machine

On the contrary. My household is cycling obsessed and we bought a 250W electric commuter this year. It won't displace our carbon fibre / titanium race machines, but it is tremendous fun to ride around casually or to commute on. They are comparatively expensive, though. I expect to see a drop in price as popularity grows, since bicycle manufacturing is a volume game.