Cost, Savings, And The Fun Factor
We know that most of you won't be selling your car to switch to an e-bike, and that's understandable. But for those of you who are, you may be slightly hesitant on whether or not it's actually worth it. To help you out, we did some calculations to help you decide whether or not the savings of switching are worth it.
Let's go over the average costs of owning a car, and there are a lot of them. Sorry to give you the ugly truth but the more you know, the better!
- Gas - $1682/year
- Maintenance - $767/year
- Taxes - $665/year
- License and Registration - $50
- Insurance - varies
- Monthly Payments - varies
- Interest - 4.56%
- Parking - $0-$1500 depending on your needs
Totalling everything up, the annual cost of a car is on average, $8698/year, and a motorcycle isn't much different. Something more realistic for a person who has a limited budget would be taking the bus:
- $8 per day, 260 days = $2080/year.
I'm not going to tell you that an e-bike has no overhead after you purchase it, because that would be a lie. The overhead costs of owning an e-bike however, are much lower:
- Charging - $0.04/50km
- Maintenance - $200 / year
- Battery Replacement - depends on how much you ride and how well you take care of your battery. About $200 / year
Let's say that you pay $50 in electricity to charge your battery each year. That would cost about $450/year. This means that aside from the initial cost, an electric bike costs thousands of dollars less than driving, or taking the bus.
Though switching from a car to an e-bike will save you a huge amount of money, there are also positive effects on the environment, and your mental well being. I don't know about everyone, but for us, sitting in traffic is the bane of our existence. It can make a bad day worse, or ruin a good day.
I could go on and on on about how much money you'll save by switching to an e-bike, but the savings just scratch the surface of why we love our electric vehicles. Since I started commuting with an e-bike, I haven't sat in traffic once and I have to say: It does make commuting that much better.
You might see e-bikes as a either commuters, or toys but why can't they be both? That is part of what we aim to do: turn your dreadful commute into something you actually look forward to. We love building these bikes, and seeing the smiles on everybody who rides one. At the end of the day, isn't enjoying yourself the only thing that matters?