Key Takeaways: Folding electric bikes can help save money, particularly if you use one to ride to work regularly. The folding mechanism can also help cut down the costs of parking spaces and the like, due to the nature of the design. This folding design will also reduce incidents of theft, which will save you from having to replace an expensive item. Folding electric bikes are all the rage, with many companies advertising that purchasing one of these popular ebikes can help save you money. Will Using a Folding Electric Bike Save You Money? Generally speaking, a folding electric bike can save you some money, though the amount depends on a number of factors. These factors include how often you plan on traveling with it, your current travel methods, and the cost of the bike itself. A decent folding electric bike can cost anywhere from $1,000 to $4,000, so keep that in mind when deciding if you want to purchase an eBike. Learn the Benefits of a Folding Electric Bike There are a number of financial benefits to buying and riding a folding electric bike. Here are just a few. Reduced Commuting Costs One of the primary benefits of using a folding electric bike, or any electric bike, is the reduced commuting costs you are certain to experience. These are electric vehicles, so they do not need gasoline to operate. You will experience a slight increase in your electricity bill, but this amount will be offset by a reduction in gasoline costs. Additionally, you will not be putting any wear and tear into your primary automobile, which can help save even more money in the long run. Of course, this option is only applicable if your work is within range of the bike’s maximum mileage per charge. Tip: These are electric vehicles, so they do not need gasoline to operate Warning: Of course, this option is only applicable if your work is within range of the bike’s maximum mileage per charge Reduced Parking and Storage Costs The main advantage of a folding electric bike over a standard electric bike is the folding mechanism. This mechanism allows the bike to transform into something relatively small that can be carried by hand. In other words, you will not have to pay for a parking spot once you arrive at the office or at the sight of an errand. You can simply carry the bike with you. This folding mechanism also makes it easy to store the bike in a closet or the trunk of a car when not in use. Tip: This mechanism allows the bike to transform into something relatively small that can be carried by hand Theft Deterrence Electric bikes can be a huge investment for most consumers, so you will want to ensure that it remains safe from theft. Folding electric bikes offer a key benefit over traditional eBikes, thanks to the folding mechanism. Being as how you can fold the bike up and carry it with you into the office or to an errand, the bicycle will not be at risk for theft. We still recommend purchasing a good lock, however, just in case you need to store the bike outside for a bit. Related Posts: What are the Pros and Cons of Electric Bikes? What are the Rules for eBikes in the US? STAT: Based on the input, the motor increases the power and speed of an electric bike by 125% to 300% without the rider pedaling any harder. (Source) Sources: https://en.wikipedia.org/wiki/Electric_bicycle https://en.wikipedia.org/wiki/Folding_bicycle http://edutechwiki.unige.ch/en/Electric_bikes_in_education https://en.wikipedia.org/wiki/Pedelec https://en.wikipedia.org/wiki/List_of_electric_bicycle_brands_and_manufacturers
