Two car families should consider the financial savings of ditching one car in favour of an e-bike.
65% of Brits do not know how much they are paying to run their car. On average it costs £3,406.80 per year and £5,744.40 with car finance*. A nerdwallet.com survey revealed that 65% of car owners said their vehicle is the most expensive outgoing each month after their rent / mortgage.
If one member of the family chose to ditch their car in favour of one of our e-bikes the family could save a minimum of £10,000 over three years, even if the car was fully paid for:
Year Car e-Bike**
1 £3406.80 £792.75
2 £3406.80 £792.75
3 £3406.80 £792.75
4 £3406.80 £792.75
* Source: www.nerdwallet.com
** Assuming buyer makes use of GOV.UK Cycle to Work minimum discount of 33.25%