The e-bike craze has been growing by the year, and it’s easy to see why. E-bikes are an excellent option for commuters who don’t want to deal with the day-to-day grind of rush hour traffic or public transportation. They’re perfect for the avid outdoors lovers who just want to go further and faster. E-bikes also work well for those who wish to exercise more but need that “extra” push.
As you can see, e-bikes work for almost everyone! Let’s learn about the average price of e-bikes and additional costs to consider if you’re in the market for one.
The initial cost of your e-bike is going to be the largest single amount you pay. E-bikes generally start around $1,000 and can go as high as $15,000.
Here are a few e-bikes available on the market under $1,000 if you’re just wanting to dip your toe in the water:
- Ecotric Fat Tire Beach Snow Electric Bike
- Ecotric 36V Fat Tire Portable & Folding Electric Bike
- Emojo City Trek Folding Electric Bike
If you want a budget option or just aren’t ready to make the investment, any of these would make an excellent choice for your first e-bike.
Keep in mind, however, the general rule that says you get what you pay for still applies. Less expensive bikes may have a reduced quality riding experience, a shorter battery life, and don’t come with all of the bells and whistles an avid rider might want.
Higher priced bikes will provide a smoother riding experience, a longer-lasting battery, and withstand regular riding for years to come. Be sure to shop around. Every company prices e-bikes differently.
Why Are They So Pricy?
E-bikes cost a lot! More than a traditional bike. Why? Here are four reasons.
E-bike batteries are usually lithium-ion since they are the most efficient, but they tend to be more expensive to manufacture. The batteries typically cost around $500, but high-end batteries that need to be specially made can cost up to $1,000.
The motor is what makes an e-bike an e-bike. Placing an engine on a bike increases its total cost. But, why? Factor in the labor to build it, price of parts, and specialized manufacturing needed to make sure it fits your bike.
These bikes are heavy-duty and can withstand some serious riding whether you’re crusing in the city or off-roading in the mountains. Each piece required for assembly weighs two to three times the weight of a regular bike part. Because of this, you have to factor in a higher cost of shipping into the total price.
E-bikes are crafted to perform at higher speeds and go farther than traditional bikes. Some can easily go up to 20-30 mph. When you’re riding a motorized device that travels at high speeds, you really need to rely on it. E-bikes are made with high-quality parts to ensure durability and safety for your ride.
Other Costs to Consider
What other costs do you have to think about? E-bikes cost much less than the purchasing and upkeep of a car (especially for those living in big cities), but they do require some general maintenance to ensure it runs as smoothly as possible.
Here are three common expenses that factor into the lifetime maintenance of your e-bike.
Because your bike is electric, it will need regular charging when not in use. So how much power will it cost you to charge your bike fully? And how many times a week will your bike need to be charged?
Let’s figure out how much an average e-bike will cost in electricity per mile. Follow this simple formula.
Find the voltage and amperage for your battery. If your bike has a 36-volt 10-amp battery, it will produce 360-watt hours. Most energy costs are quoted based on kilowatt-hours, so you’ll want to divide 360 by 1000 to determine how many kilowatt-hours your battery will give you.
If you live in Texas, the average cost per Kilowatt-hour is $0.12.
Next, multiply the kilowatt size of your battery by your cost per Kilowatt-hour electric rate. If your entire bike battery needs 0.36 kilowatts of energy to charge, multiply 0.36 by $0.12.
Your total? About four cents to fully charge your bike. It comes out to $0.0342, to be exact.
So, how much will a bike ride cost? Let’s figure it out.
Divide the total cost to charge your battery by how many miles your battery is rated to take you. If your battery has a range of 18 miles, divide your charging cost, $0.0342, by 18. This comes out to $0.00171 per mile.
That’s less than two cents per mile! When it comes to commuting costs, an e-bike is a great way to go.
Like all batteries, yours will eventually need replacing. Most manufacturers warranty their batteries for 1,000 cycles or two years of continuous use. When you do need to replace your bike’s battery, you can expect a typical price range of $500 to $800 per battery.
If you and your spouse both have e-bikes, you’ll be spending $1,000 to $1,600 to keep riding side by side through the years.
Electric bikes receive a lot of wear and tear. After all, they’re a lot of fun to ride! You can enjoy higher speeds for longer distances than on traditional bikes. Due to frequent and heavy use, e-bikes can wear out faster.
What does this mean for you?
If you ride your e-bike daily or multiple times a week at long distances and high speeds, you’ll want to get a tune-up every six months or at the 500-mile mark.
Tune-up costs will vary depending on your mechanic and whether parts need replacing. It’s a good idea to ask for typical repair costs upfront. Some bike repair shops will charge extra for e-bikes because of the need to examine its motor and mechanical parts.
Flat tires will likely be your most frequent expense. E-bikes are crafted for adventures through forest paths and uneven terrain. As such, you can expect to pick up a puncture or pinhole from time to time if you make it through the rugged landscape.
Fixing flat tires is an easy DIY task. Keep a spare inner-tube and pump handy to save yourself the cost of a bike shop repair.
What About You?
While e-bikes are generally more expensive than traditional bikes, they come with many benefits. When riding an e-bike, you can improve your overall health from more regular riding. They are also an eco-friendly, cost-effective commuting option if you live in an urban setting.
If the e-bike craze has piqued your interest, we hope this article has helped you understand the overall costs of owning an e-bike. Will we see you commuting on an e-bike soon?