How much money can you save riding an electric bike instead of driving a car?

Riding an electric bike instead of driving a car can save you a significant amount of money. First, electric bikes are much more cost-effective in terms of maintenance and fuel costs. While cars require regular servicing, fuel, insurance, and parking fees, electric bikes have minimal maintenance requirements and can be charged for just a few cents per day. On average, it costs about $0.05 per mile to operate an electric bike, compared to $0.50 or more per mile for a car. This means that the savings can quickly add up, especially for those who have long commutes or frequently drive short distances. Furthermore, there are often additional savings when it comes to parking fees and toll charges, as electric bikes can often be parked for free and are exempt from tolls. Overall, riding an electric bike can save you thousands of dollars per year, making it a cost-effective and sustainable mode of transportation.