As you may already know Ebikes are growing in popularity around the world. From Europe to America more people are choosing Ebikes as their main source of transportation and for good reason.
There are many benefits of owning an Ebike but today we are going to focus on the economic benefits of these very cool bikes. So if you have ever wondered if riding an Ebike around town can save you money, you just might want to pay close attention to the information below.
They Are Much Cheaper Than Purchasing A Car
We all know that even a used car or truck can cost a lot of money. While some of us are fortunate enough to be able to pay cash for a car, the rest have to finance the purchase of a vehicle. This can add to the cost of your new car making it even more expensive.
Then you have to add in dealership fees and other taxes which you will have to pay before even getting on the road. Instead of paying a lot of money for a car, why not think about investing in an Ebike?
For just a few thousand dollars you can purchase an Ebike and you will not have to worry about making any more payments. While you could choose to finance the purchase, your monthly payments would be much less.
This will give you more financial freedom and you will have money to spend on other more important things in life.
Yearly Cost of Operation
After the initial purchase of your Ebike, you are going to have a yearly cost to operate it. You will be happy to find that the cost of owning an Ebike is much cheaper compared to other modes of transportation.
The average cost of driving a gasoline-fueled car for one mile will run you around 49.44 cents. This estimate includes costs such as gas, tires, general maintenance, insurance and taxes which covers the entire operation cost of the vehicle. Compare that to the cost of driving an Ebike at just 18 cents a mile and you can see the savings.
This estimate covers the cost of tires, battery replacement, general maintenance, electricity and everything that it takes to operate an Ebike. So you can see why so many of those who live less than 20 miles away from their jobs are now biking to work instead of driving.
If you add up each year’s savings after a decade of riding an Ebike, you really will be shocked at how much money you kept in your pocket.
You Won’t Have to Pay for Parking
When you live in the city and you drive a car you will have to pay for parking. While some apartment buildings and other residential buildings offer free parking many of them require you to pay.
For instance, in New York City some people are paying $300 or more per month just to park their car. Then you have to factor in the amount of money you will have to shell out when you go somewhere. Stopping off at the store could cost you several dollars each trip when you have to feed a parking meter.
All this cost for parking can really add up. For those who ride Ebikes most can find ample parking without having to pay for time on a meter. There are many bike racks in most major cities and even some small towns and you are allowed to keep your bike there for free.
You will also not have to worry about parking your Ebike at your residence because you can simply bring it inside of your home. This will help keep your bike out of the hands of thieves at the same time.
Generous Tax Incentives
When it comes to taxes no one really likes handing their money over to the government. But taxes are a necessary burden in life. Luckily there are some ways to reduce your tax burden simply by purchasing an Ebike.
That’s right, the government in some parts of Europe and the United States is offering tax breaks for those who buy an electric bike! For example, in the country of Belgium citizens get a yearly tax break based on the number of kilometers they bike to work. Another country has also offered a similar tax break incentive.
In the year 2015 France introduced a kilometric reimbursement scheme for those who ride bikes to work. In the year 2012, the US government approved a one-time tax credit of $2500 for those who purchase an Ebike. The reason governments around the world are giving those who buy and ride Ebikes a tax break, is because of the environment.
Governments are pressured by the international community to keep pollution down and reduce their carbon footprint. This, in turn, moves these same governments to give those who bike to work a break on their taxes. So being a good citizen of the world by reducing the amount of carbon you send into the atmosphere will pay off come tax time.
The more money you can keep in your bank account at the end of the year the better you will be. Many people are taking advantage of the tax breaks offered to Ebike owners and you should too.
Ebikes Save You Money by Keeping You Healthy
When you take the bus to work or commute in your car, you are really not getting any exercise. Many of us have sedimentary jobs and this can be very bad for our health. But what if there was something you could do about it?
Well if you ride an Ebike to work you can! Being unhealthy can not only have a negative effect on your life, it can also cost you a ton of money. With medical costs on the rise, most people want to do as much as they can to keep cost down and an Ebike can help you do just that. While Ebike can be ridden without much effort, you have an option to pedal.
By pedaling during part of your daily commute you will feel much better and your health will surely improve. Being fit will help you avoid unnecessary injuries and it will even prevent certain types of cancers. If you do your part to cut down on your own health costs it will also help to reduce the overall cost of healthcare. The less money insurance companies have to pay out, the less they will need to take in thus potentially lower the cost of premiums.
Another way that riding an Ebike to work or to the store can reduce your medical costs is stress reduction. Riding an Ebike means that most of the time you will not get stuck in traffic and you can navigate the city streets with ease. This makes people’s lives less stressful and more joyful.
As you probably already know being happier in life can help prevent stress which can be a major cause of disease and even some mental health issues. So why not do something to improve your health today by riding an Ebike?
Less Road Repair Might Mean Lower Highway Taxes
Cars and other large vehicles can cause a lot of damage to roadways. Many municipalities have a difficult time keeping up with all the potholes caused by cars, trucks, and SUVs. It seems like most cities are constantly working on the roads which can make traffic a nightmare.
All this construction ends up costing you the taxpayer in the long run. A great way to help reduce this cost and improve our roads is by you guessed it riding an Ebike. These lightweight bikes will not cause any damage to the road and if more people ride them it just might help reduce costs. In turn, you may find that city taxes go down at the same time.
Also, the amount of parking charged by cities may also be reduced if they don’t have to spend extra money fixing potholes and other road issues. If more people would bike to work, it would help to reduce the amount of gridlock we see in most major cities around the world.
An Ebike Can Help Cut Down on Commuter Time
We all know that time is money and the longer you spend commuting back and forth during the day the less time you will spend actually working. In today's world, many of us often have side hustles that we like to do after our traditional work day.
These extra streams of income can really help boost your bank account and provide additional funds for your family. But if you are stuck in traffic for an hour or more after getting off from your day job those extra dollars can be lost.
Ebikes can help save you lots of time by getting you out of rush hour traffic and back home in a fraction of the time. This will allow you not only more time for your side hustle but also you will be able to spend more time with the ones you love. Just think of all the time you will save by not getting stuck in traffic on your way home from work.
You Won’t Be Late for Work
As we have already learned in the above section Ebikes can drastically help you reduce commuter time. We learned that Ebikes can help you get home from work much faster, so you can enjoy your family and even make some extra money with your time.
But there is another way an Ebike can help keep more money in your bank account. Being late for work may not be a common occurrence but it does happen to most of us and normally its due to traffic. Sometimes no matter how early you leave for work you get stuck in gridlock.
But most bosses simply don’t understand your frustration and will even dock your pay. Over time these small decreases in your pay can really put a dent in your overall yearly income. Also, some companies have a very strict late policy and you may even end up losing your job over being late.
An Ebike can help you avoid getting docked and if you leave early you will always arrive at your place of work on time. You will not have to deal with morning traffic and you just might even get an award for being the employee that is always on time.
You Can Make Some Extra Money
A great way to earn some extra money is by using your Ebike to start your very own delivery service. If you live in a city you can deliver food, laundry, and other everyday items to people who need them.
This will help you earn some extra money in your spare time and you will be helping to reduce pollution at the same time. People will love the idea of having an eco-friendly delivery service right in their hometown.
While you won’t be able to travel great distances, you will be able to deliver items to those who live in the same area that you do. Working as a delivery biker will help pay for the initial purchase of your new Ebike.
Depending on the city you live in there may already be companies that hire new delivery riders so finding work will not be difficult.
Now that you have learned a great deal about the many different ways owning an Ebike can save you money, why not consider getting one?
Ebikes are a fun way to commute to work and all the money you will be saving will really start to add up. Additionally, you will be a healthy person and you won’t have to spend all your hard-earned money at the doctor’s office.
So what are you waiting for? Go check out all the amazing Ebikes on eBikeGeneration.com and find one that fits your needs.
You might be surprised at just how many Ebikes there are to choose from.