Can E-bikes Save You Money?
We are all aware that the cost of owning and using a motor vehicle for daily commuting is much more expensive than using an electric bike. Let’s take a moment to break it down and examine just how much of a cost difference can we really expect to see.
Currently gas in North America costs an average of $1.12 per litre compared to $0.075 per charge for an e-bike. If we consider that the average gas-powered vehicle burns about 11.6 liters of fuel every 100 kilometers, and the average person travels 20,000 kilometers per year, then the costs of fueling a car is $210 per month or $2520 per year. This excludes additional regular maintenance cost, parking fees, insurance, registration, winter tires, tolls, and the occasional parking or speeding ticket. Auto insurance premiums alone can cost upwards of $1,113 per year or an additional $92.75 per month.
Once we’ve added all of the extra costs we can clearly see that using a car to commute compared to an electric bike represents a tremendous difference in costs between these two forms of transportation. An electric bike costs only about 10 cents a day to use, while a car costs a minimum of $7 a day. Furthermore, these costs will gradually rise over time as gas prices continue to increase.
If you are riding an e-bike between 10 and 20 kilometers or 6 to 12 miles a day the total cost saving at the end of the year can easily add up to the price of a new car while an e-bike can pay for itself in just a matter of months.
Currently gas in North America costs an average of $1.12 per litre compared to $0.075 per charge for an e-bike. If we consider that the average gas-powered vehicle burns about 11.6 liters of fuel every 100 kilometers, and the average person travels 20,000 kilometers per year, then the costs of fueling a car is $210 per month or $2520 per year. This excludes additional regular maintenance cost, parking fees, insurance, registration, winter tires, tolls, and the occasional parking or speeding ticket. Auto insurance premiums alone can cost upwards of $1,113 per year or an additional $92.75 per month.
Once we’ve added all of the extra costs we can clearly see that using a car to commute compared to an electric bike represents a tremendous difference in costs between these two forms of transportation. An electric bike costs only about 10 cents a day to use, while a car costs a minimum of $7 a day. Furthermore, these costs will gradually rise over time as gas prices continue to increase.
If you are riding an e-bike between 10 and 20 kilometers or 6 to 12 miles a day the total cost saving at the end of the year can easily add up to the price of a new car while an e-bike can pay for itself in just a matter of months.
