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How To Save Money on Gas With an Electric Bike

Updated On: June 5, 2023

Commuting represents a significant expense for the average American. An ebike can save commuters time and money, depending on the bike and climate.

The Average Cost of Commuting With Gas

Many commuters travel between five and 13 miles to and from work. The cost of this daily travel can add up to over $2,000 per year, with some commuters expected to pay $5,000 or more.

With increasing gas prices, the average American pays over $250 per month to fill their tanks. Most Americans need a more cost-effective solution, which might be an ebike.

How Much Does an Electric Bike Cost?

An electric bike will cost more than a traditional bicycle. On average, a consumer can find ebikes for sale for between $600 and $1,000 or more. The cost represents many factors, such as range and power.

A buyer can spend as much as $8,000 for a high-powered model with a range of 80 miles or more on a single charge. As ebikes become more popular and technology develops, prices will decrease, allowing manufacturers to offer long-range ebikes at lower retail prices.

The typical ebike buyer will spend about $1,000. Depending on the level of pedal assist, a rider can expect a range between 25 and 40 miles in this price range.

How Much Money Can Electric Bike Commuting Save You?

The amount of money an ebike can save a commuter depends on when you stop counting. As established, the average commuter will spend a minimum of $2,000 annually. Therefore, you can pay off your $1,000 ebike in about six months. If you stop counting savings after the initial year, an ebike will save you approximately $1,000.

However, since you will likely continue to use your ebike, you can expect a savings of about $2,000 per year. An average ebike can last about 10 years, depending on care and maintenance, meaning it has the potential to save you over $20,000 if it is your sole commuting vehicle.

Can You Save Time Commuting on an Electric Bike?

It is possible that using an ebike to commute to work will save you time, especially if your route comprises heavy traffic delays. Depending on the bike you buy, an ebike can travel at speeds up to 20 mph or more. A rider can cover about one mile every two to three minutes. Therefore, a commute of five to 10 miles will take between 15 and 30 minutes. The average commuter spends between 30 and 45 minutes commuting to work each day.

Do Electric Bikes Recharge While Pedaling?

Most modern electric bikes use lithium-ion battery packs, which require a power outlet for recharging. Only a few ebikes on the market allow for pedal charging.

How Far Can Electric Bikes Travel?

On average, an electric bike ranges between 22 and 50 miles with pedal assist. Some manufacturers make bikes with ranges of 80 miles or more, but the distance — as with all ebikes — depends on terrain, speed, and weather.

When To Choose Riding Your Electric Bike Over Driving Your Car?

While an ebike can save you time and money, they are not the ideal vehicle in every situation. For example, your car might be a better option for getting you safely to and from work in poor weather conditions, such as rain or snow.

Ebikes are ideal commuter vehicles when the weather and temperature agree. If you live in a relatively mild climate, it is possible you can commute with your bike nearly every day, taking the appropriate precautions.

Do you want to transition from daily commuting in a car to an ebike? If so, contact an ebike retailer to discuss your options.


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