The aim of the present work is to investigate tokamak equilibria with reversed magnetic shear and sheared flow, which may play a role in the formation of internal transport barriers (ITBs), within the framework of two-fluid model. The study is based on exact self-consistent solutions in cylindrical geometry by means of which the impact of the magnetic shear, s, and the "toroidal" (axial) and "poloidal" (azimuthal) ion velocity components, v iz and v iθ , on the radial electric field, E r , its shear, |dE r /dr|, and the shear of the E × B velocity, ω E×B ≡ |d/dr(E × B/B 2 )|, is examined. For a wide parametric regime of experimental concern it turns out that the contributions of the v iz , v iθ and pressure gradient (∇P i ) terms to E r , |E ′ r | and ω E×B are of the same order of magnitude. The contribution of the ∇P i term is missing in the framework of magnetohydrodynamics (MHD) [G. Poulipoulis et al. Plasma Phys. Control. Fusion 46 (2004) 639]. The impact of s on ω E×B through the ∇P i term is stronger than that through the velocity terms; in particular for B z = constant, the contributions of the ∇P i and velocity terms to ω E×B at the point where dE r /dr = 0 are proportional to (1 − s)(2 − s) and (1 − s), respectively. The results indicate that, alike MHD, the magnetic shear and the sheared toroidal and poloidal velocities act synergetically in producing electric fields and therefore ω E×B profiles compatible with ones observed in discharges with ITBs; owing to the ∇P i term, however, the impact of s on E r , |E ′ r | and ω E×B is stronger than that in MHD.