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Cost
The initial cost for an electric bike is more than a standard
bike, but the increase in cost can be recouped if you decide
to sell it, since the evidence points to the fact that an
electric bike should have a much better resale value. The
cost of repairs is also comparable. Electricity is cheap
so that is not much of a problem. The real cost difference
is in the battery depreciation and replacement. Therefore,
putting all the cost differences together leads to the fact
that an electric bike costs more to run- from approximately
$0.07-$0.13 per mile as opposed to $0.05 per mile for a
non-electric bike. However, you should really compare the
running cost of an electric bike to that of a car, when
the electric bike replaces car mileage. Depending on the
weight of the car, your driving style and the size of the
engine, a car can cost you about $0.90-$1.27 per mile to
operate and thus, an electric bike can save you a lot of
money.
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