How Much Money Can Ebike Commuting Save You?
Last year we produced a blog piece discussing why switching over to an ebike for commuting was increasing in popularity and why you should consider making the switch! Amongst skipping traffic, getting exercise, shorter commute times, and environmental friendliness there was the little talked about point of how budget friendly commuting by ebike is and how much money you could save if you chose to commute via ebike.
Let’s be clear, we’re not just talking about saving on gas money. There are a whole host of other costs hidden inside your daily commute along with other ways in which not driving your car 30+ miles every day will save you money.
THE COSTS OF COMMUTING VIA EBIKE
Before we delve into the saving you’ll make by not using your car everyday let’s look at the outlay for regular ebike usage. Our ebike comes in at $1,799. This is at the lower end of the cost spectrum for high quality ebikes, and it’s a great beginner to intermediate ebike.
The name, is a great giveaway, and, yes, this bike is made for the commute and beyond. This is why we’re going to use it as an example here for what an ebike can cost you if you’re using it for your daily commute. So, to start, we have an initial outlay of $1,799.
Now, If we’re going to charge the ebike battery twice a day for our roundtrip: the battery has a capacity of 672Wh (watt hours), if we divide that by 1000 we’ll get kWh (kilowatt hours, the unit in which we pay for electricity). The national average rate per kWh is 13.19 cents. so:
672Wh ÷ 1000 = 0.672kWh
0.672 x $0.1319 = $0.0886
So if we round it up it costs you roughly $0.09 to charge your ebike! Double that because you’re charging it twice a day, to make sure it’s full for each leg of your commute, and that’s $0.18. Remember that this is the calculation of a full charge, if you’re not fully draining the battery with each leg of your commute (which you’re probably not – LEVEL battery has an average range of 40 miles per charge) then it’s going to cost you less. Also, you may be doing one of these charges at work so, all in all, you’re probably only paying for one of these partial charge cycles per day.
Even though we may be over estimating let’s continue with this number. The average American works around 230 days per year. So:
$0.18 x 230 = $41.40
That $41.40 to charge your ebike twice every working day of the whole year. Definitely less than a year’s worth of gas!
Next there’s the cost of maintaining an ebike. If you’re commuting daily on your ebike then you’re going to want to put 30-45 minutes into cleaning it every week so as to keep it running smoothly; follow our Ultimate Ebike Maintenance Schedule & Guide to ensure you don’t miss a spot. Besides weekly cleans it is recommended that you take your ebike for a tune up around every 6 months if you’re using it as a daily ride. These cost around $100 each -so $200 per annum- but are well worth it for keeping you safe and ensuring your ride is in the best possible condition.
Maintaining your ebike includes a few items that are above just the regular maintenance costs; after all, an ebike is a finely tuned machine. After 2 years of daily commuting, you will likely start to notice a diminishing range and probably want to replace it; that’s $500. Let’s also say that your tire costs, either for replacement tubes or tires themselves, comes to $60 per year.
Now lets total it all up and break it down:
Over the first four years of owning, charging, and maintaining an ebike -including the initial purchase cost of the ebike- your average cost per annum is $951.15. Excluding the initial purchase cost the average annual outlay is $551.40.
Now let’s see how the costs of commuting by ebike shapes up to those of commuting by car.
COMMUTING VIA EBIKE VS COMMUTING VIA CAR
To jump straight into it, the average gas price in the USA last year was $2.396. The average one way commute in America is 16 miles -that’s 32 miles roundtrip- and the average fuel economy for cars, light trucks and SUVs is 25mpg. so:
32 miles ÷ 25mpg = 1.28 Gallons of fuel used per day
Therefore, 1.28G x $2.396 = $3.07 Per day in fuel costs
If we’re commuting 230 days a year:
$3.07 x 230 = $706.10 Per Annum in fuel costs
These basic fuel costs alone top the annual outlay for commuting via ebike. Or you can look at it through the lens of: commuting via ebike could save the average American $706.10 on gas money. These gas costs are very basic and don’t include time spent idling or being in stop-start traffic (both of which increase gas usage, and therefore cost). When you’re using a car to commute gas costs are the ones you see the most frequently, but they’re not the only, or the greatest, costs of owning a car.
If you stop commuting via car then you’re going to put less miles on that vehicle, reducing depreciation and overall wear and tear. Which, overall, means you’ll need fewer oil changes, fewer repairs, less frequent tire changes, and your car will be worth more when it comes to selling it!
Let’s quickly delve into the maintenance costs for a car, and remember that these will vary depending on the size and age of your vehicle. A new set of tires can run anywhere between $200 and $1200 depending on whether you opt for budget or high performance tires. An alignment, always a good idea to have when you get a tire change, will run you around $100. An oil change, recommendations differ by car manufacturer, is usually needed every 5,000-7,500 miles. Depending on your vehicle and oil choice this can cost between $40 and $125. So already we’re at a low total of $340; that’s more than the cost of maintaining an ebike for a year! Add on intermittent battery replacements, brake pad replacements, windshield wipers, filters, and spark plugs and anything else that may go wrong with your vehicle and we’re looking at an average maintenance cost of just over $1000 per year. A number which all those extra commuter miles will just help to push upward.
There’re also the ancillary costs of driving to work which may not apply to everyone and, if they do, they’re often not included in peoples cost analysis. These costs are those of toll roads and parking. With inner city parking being very expensive and toll roads littering the regions around our cities chances are that you pay at least one of these ancillary costs in your commute.
Finally, if you’re not commuting via your car and putting 7,360 needless miles on it every year (230 days x 32 miles a day)- then there’s a high chance that you can get your insurance rate reduced too.
A FINAL FEW WORDS
How much an ebike can save you differs by region and by each individual’s situation. But, judging from the fact that the average cost of gas over the average commute is greater than all the outgoings required for maintaining an ebike, such simple number crunching could be enough to push people in the direction of trying to commute via ebike.
Add in all the maintenance and other ancillary costs of a car that you’ve been paying out of “necessity” for years and you may find that commuting via ebike saves you a lot more money than you think!
On top of this, there are all the other benefits we summed up in our piece last year about Switching to Electric Bikes for Commuting, such as the fitness aspect (do you now need to waste time and money on the gym when you cycle to work?) as well as the reduced impact on the environment, ability to explore, and, last but not least, the fact that by commuting via ebike instead of by car may actually reduce the length of your commute!
With it being the start of the year and everyone being open to trying something new we encourage you to try a commute via your ebike. Read our Tips for Ebike Commuting page to get prepared, pick a brisk morning, grab your ebike and see how you like the experience of ebiking to work!
If you are interested in motorized bike and want to know more, you could browse previous articles or visit our Official Website, also choose to leave your message below. If you are interested in electric bike, you can contact us. www.zhsydz.com
Read more bike tips:
Ask Electric Bike Report: Are e-bikes safe for seniors
How to Start Commuting on an Electric Bike
Can an Obese Person Ride an E-Bike