Electric bikes and mopeds are cutting oil demand

Electric cars matter a lot for electrifying the economy. But don’t sneeze at the power of the humble electric bike.

Electric bikes and mopeds are cutting oil demand

Muhammad Rizwan Azhar, writing for the Conversation:

By contrast, electric mopeds and bikes use a lot less energy to transport one or two people. They’re also a lot cheaper to buy and run than electric cars.

If you commute on an e-bike 20km a day, five days a week, your charging cost would be about $20 – annually.

Electric cars matter a lot for electrifying the economy, don’t get me wrong. But don’t sneeze at the power of the humble electric bike.

I bought my e-bike for $4,500 four years ago, when e-bikes were impossible to get a hold of and commanding a high price. Now you can get serviceable e-bikes for very cheap and my exact e-bike for less than I paid.

Owning an e-bike rules. My charging costs have been near zero. I pay $100 a year in maintenance. It gets me around the city just as fast as a car. I can take it on a train. It’s hard to overestimate how good it feels never to have to worry about parking, either.

My e-bike even has a little cargo area at the back which I can put a kids seat when we have kids.

If you have the means, I highly recommend picking one up.

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