An in Depth Review of the Costs of Owning and Running an Electric Bicycle
There could not be a better time to make the switch and invest in an electric bike, the following cost analysis clearly highlights the cost benefits of this economical, environmentally friendly and fun form of transport.
15 mile drive to work by car 5 days a week (150 miles round trip)
- Petrol cost for average size family car £20 per week
- Cost by electric bike per week £0.25 (yes that is correct 25p)
*Based on an average battery range of 30 miles (pedal assisted) from one charge (aprox 5p).
As the table above demonstrates that is an annual fuel saving of £948 just for using an electric bike for commuting 30 miles a day (round trip). Not to mention the savings for general wear and tear to a car.
With a number of electric bicycles available from LifeCycle Electric bikes at £999, the return on an investment can easily be achieved within 12 months. After which you still have the bike and can continue to make great savings, not only in your pocket but in your health as well.
Like any form of motorised transport servicing is important, and I would recommend that an electric bicycle is serviced every 12 months. For a basic service you should expect to pay no more then £40.
And that is it… there is no need to go any further in depth as there are no other hidden extra costs, such as insurance, parking, tax and MOT.
It is also possible to buy an electric bike tax free through the following Government schemes:
- CycleScheme – Tax Free Employer Bike Scheme
- Bikes for the NHS – NHS Employee Scheme
LifeCycle Electric Bikes are partners in all these schemes, you can call us for advice on 02380 236 540 or email me at stuart@lifecycle-electricbikes.co.uk
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