Swapping personal car for e-bicycle saved over $50,000 in just 7 years: San Francisco woman

Swapping personal car for e-bicycle saved over $50,000 in just 7 years: San Francisco woman

Electric bicycles are not just fit for recreation but they also provide an efficient as well as cost-effective alternative to conventional fossil fuel-powered motorbikes and cars, a San Francisco woman’s personal experience showed.

Sharing her personal experience, San Francisco resident Maureen Persico said she decided to make the switch from her gas-powered car to an e-bicycle in 2014, after her car got totally damaged in an accident.

She could not buy a new car as her insurance was not as much as necessary to cover the cost of the required replacement of the vehicle. After mulling different options, she decided to switch to an e-bicycle. She also revealed that had already been increasingly cycling to improve her fitness levels following her pregnancy. Thus, the amount she used the amount that she received from her insurer to buy an e-bicycle. Seven years have gone since she lost her car, but she has yet to buy another car.

For the last seven years, she and other member of her family have been using their e-bicycle to perform most of the same trips for which they were previously using the car, including dropping their son off at school. The e-bicycle’s electric assist help them ride up and over the hill that comes on the way.

The environment-friendly electric mobility solution proved even more useful while moving about the city or carry cargo to certain locations. Equipped with racks, the bicycle allowed her to do some pretty imposing utility riding.

According to Maureen’s estimates, she has saved more than $50,000 in the past seven years by swapping a gas-powered car with an e-bicycle. That matches with the American Automobile Association’s (AAA’s) data which suggests that car ownership in the United States costs roughly $700 a month on average.

There are different types of e-bicycles, including electric cargo bikes, are available in the market these days. Some of them can easily carry many passengers or hundreds of pounds of cargo. Maureen added that she still occasionally rent a car whenever she feels the need for one.

Sales of e-bicycle have skyrocketed over the past one and a half year, as the COVID-19 pandemic forced a large number of commuters to cut transportation costs and switch to cost-effective, environment-friendly and personal mobility solutions. Governments also provided a significant boost to e-bicycles by offering various tax incentives and subsidies on the purchase of e-bicycles.