With the ever-increasing cost of living, it's a time when many of us are thinking about how to get the most value for money out of our lifestyles to save some much-needed cash. Commuting to work is a key area to consider, with a car estimated to cost between 35 cents per mile to 65 cents per mile over the average lifetime of a car per month, and prices have definitely risen since then.
Have you ever considered using an e-bike for your commute? They're a cost-effective transportation option, especially in the long run, and bring a host of benefits to our lifestyle and the planet. We've put together this guide to help you realize how much you can save on your lifestyle by e-biking.
How much can you save commuting by e-bike?
Car fuel costs
This varies from country to country, but the monthly average for United States is $150-$200.
Parking costs
These are also a regular add-on to fuel costs, can be expensive in urban areas, and will vary depending on the time you're there.
Public transportation costs
Again, it varies but is estimated to be $248.778 a month in June,2024 for U.S. urban consumers.
Electric bike charging costs
As of February 2023, the average residential electricity rate in the U.S. is about 23 cents per kilowatt-hour (kWh). This is more than enough to charge your e-bike a few times without spending a lot!
Based on this example, if you were to charge your e-bike every two days, the approximate cost would be $1-$2 per month, which is much, much less than the other costs listed above! Plus, parking is either free or very inexpensive compared to car parking.
Health and wellness savings
As well as saving on travel costs, did you know that cycling can also save you money in other areas of your lifestyle? Regular cycling can improve your mental and physical health, potentially saving on future healthcare costs, and if commuting by e-bike becomes part of your fitness routine, it could also help save on gym membership costs.
Maintenance savings
Maintaining a car is a lot more hassle and costly than maintaining an e-bike; the average price of an oil change varies by car type and region, but on average it's between $35 and $70. Engine repairs cost hundreds of dollars, and insurance is hundreds and sometimes thousands on an annual basis!
To maintain an electric bike, it's usually the battery, chain, tires and brakes that need maintenance and/or repair. The cost depends on the bike specialist, but in terms of replacement, a battery would be the most expensive (typically several hundred euros), but it can last around 3-5 years. Per tire generally costs around $35-90 and will last for thousands of kilometers. All brake components could add up to $170 ($35 - $170 for basic mechanical disc brake sets and $90 - $170 for mid-range hydraulic disc brake sets), but a single brake part would be less.
At TENWAYS, we're proud to have created high quality e-bikes with components that require very little maintenance. If you have any problems, our highly responsive customer support team aims to respond to all inquiries within 24 hours. During our e-bike warranty period, if an eligible problem is identified, we'll send free replacement parts and cover any dealer replacement costs.
Saving the environment
Using an e-bike helps protect the planet, so by using this eco-friendly, zero-emissions form of mobility, you can help reduce CO2 and other harmful emissions from entering the atmosphere. When you buy a TENWAYS e-bike, you can also help the environment with our reforestation efforts - our riders have already helped us plant over 20,000 trees!
Conclusion
Cycling is a great combination of exercise and transportation that helps you save for a better future while protecting our planet. It's a fun way to experience the city while getting from A to B quickly, and it's cheaper and less hassle than a car and public transportation, allowing you to travel on your own schedule and route for an easier, healthier lifestyle.
