Can Electric Go Bike Commuting Save You Money?
One of the most recognized values of riding an electric folding commuter bike, apart from the environmental and health-related benefits is the money that can be saved by replacing your conventional cars and motorbike with E-bikes and E-scooters.
So you’re thinking about becoming an electric biker and wondering how much money does electric bike commute saves? Well, the answer to this question is not that simple and it will depend on the factors that we will be discussing in this article.
According to a study conducted by Deloitte, 130+ electric bikes would be sold across the globe by the year 2023. This clearly indicates that most of the cities across the globe are trying to replace fuel-consuming cars and bikes with electric vehicles.
Current alternatives for electric bikes?
Purchasing a motorized bike or car will cost you significantly more than an electric bike or e scooter. Even if you use public transport then the transportation costs for an individual can vary considerably from $435 to over $1,000 a month across all metro locations.
Is it worth spending money on Electric bikes?
The most important unique selling point of a folding electric bike is the enthusiasm it creates for a rider. An electric bike is a perfect match whether it is a commute to the office, megastore, college/schools, gym, etc. This all became possible because of the massive worldwide popularity gained by Electric bikes. It is projected that electric bikes will outplace many electric vehicles in the future.
This will not only bring down the burden on the environment with the pollution that is created from the cars bikes, bus, etc. If these modes of commute get replaced with electric bikes, electric scooters, etc., then it will become a very economical and eco-friendly source of commuting too.
How much money does electric biking save?
The quick answer to this is that riding an electric bike while commuting for work, gym, shopping, and other activities will definitely save money. An average person can save up to $1500 per year, depending on the commute range and the route conditions.