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For the author, I'm really curious about the section "Economics of owning an E-Bike relative to car". Would you mind sharing your rough math on how you came to
by ShakataGaNai 9y ago
For the author, I'm really curious about the section "Economics of owning an E-Bike relative to car". Would you mind sharing your rough math on how you came to those numbers? The IRS rate for expensing milage is $0.54/mile which (in theory) is supposed to cover standard maintenance and fuel.
However mostly it just seems really high for the bike to be $0.14/mile. My back of the envelope calculation for electricity cost is: ~$0.10 per KWHR. The battery pack is sub 1 KW so even with charging inefficiency should cost no more than $0.10 to charge. Divided by roughly 50 mile range means an electricity cost of $0.002 per mile. I could be way off, hence why I'm curious.
- Johnny555 9y agoI think he gets to that $0.14/mile by including the cost of the complete bike (assuming 500 charge cycles of the battery, which at 30 miles/charge should last him about 4 years with a 15 mile commute). Over those 4 years, he'll ride 15 miles/day * 253 working days/year, or 4000 miles/year, or 16000 miles. So.... $1400 / 16000 = $.09/mile He also included maintenance, so if he spends $200/year in maintenance (not unreasonable if he takes it to a bike shop for maintenance), that gets him up to $0.14/mile.