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How to Calculate if E-scooter Saves Money

Saving money is the top priority of every individual nowadays. People are finding various alternatives from which they can save money. As we know, fuel prices are continuously changing not only in the US but in every part of the world. 

Now it is time to shift from traditional methods because they cost a lot, especially in the transportation sector. In the USA, the average price per gallon of gas is $4.5. And if you are using your car for a daily commute, then it costs you a lot and there are many other charges you have to pay like parking charges, etc. 

Here is what e-scooter comes in the market to rescue you. In this blog, we will discuss all the possibilities from which your E-scooter saves money. 

Why an Electric Scooter?

If you own an e-scooter or are thinking of buying a brand-new e-scooter, that's a good idea. Electric scooters make your daily commute faster, more enjoyable, and better. If we compare them to public transport like buses, trains, or cabs, they are more convenient and environment-friendly. The main advantage of having an e-scooter is that it saves time and helps you save money.

Gas-Powered Cars Vs E-Scooters

There are many factors that affect when we compare gas-powered cars with e-scooters to save money. Some of the main factors are discussed below.

1. Upfront Costs:

If you are buying a new car, then it costs you approximately 30 to 40 thousand dollars Wow, that's a huge amount. For an electric scooter, the average price in America ranges from 300 to 600 dollars, depending on your needs. In this way, buying an E-scooter saves money.

2. Paying for Insurance:

If you are a car owner, then you know about car insurance. An average car owner pays about $210 monthly for car insurance, and this amount varies in different states. An electric scooter costs you less than half of the price you pay for car insurance.

3. Price Per Mile:

If we look at the prices of electricity and compare them with the price per gallon of gasoline, then we have a clearer image that E-scooter saves money and car owners have to pay 40 times more as compared to e-scooters. 

4. Maintenance Cost:

A car's maintenance cost is significantly higher than that of an e-scooter because cars require oil changes every 1000 to 1500 miles, as well as tire, gearbox, and other repair costs. They all make about 500 to 1000 dollars plus mechanic charges after every 2 to 3 months. 

On the other hand, e-scooter maintenance costs are much lower than other vehicles, and in case any mechanic makes a bill of $500 for the maintenance of an e-scooter, then tell them to keep the scooter, and you simply go to the nearest e-scooter dealership and buy a new one. 

E-Scooter Vs Public Transport

E-scooters are far better than public transport. Some of the key points to support our statement are:

1. Time:

We all know how valuable our time is. If you are using public transport, it means that you have to wake up at least 60 minutes early to catch the bus or train that drops you at your workplace on time; otherwise, you have to listen to long lectures from your boss on time management and punctuality. If you want to save yourself from all this situation, use an e-scooter to save money and time.

2. Cost:

The costs associated with public transport are high if you commute 5 days a week. For example, the one-way ticket price of the bus in New York City is around $2.90; similarly, if you are going by subway, it still costs the same amount and makes around $29 per week.

If you don’t want to travel by bus or subway and prefer to go by taxi, then it costs you around $3 per mile, and per week it costs you around $150 to $200. If we compare these prices with the e-scooter, then you will be surprised to find out that the price you pay for an e-scooter is much lower than the price you pay for public transport in the USA.

4 Steps to Calculate Your E-Scooter Saves Money or Not?

Here are 4 easy-to-do steps to calculate whether your E-scooter saves money or not.

  1. Calculate current costs
  2. Finding the exact range of your e-scooter
  3. Calculate e-scooter cost
  4. Calculate the difference

1. Calculate Current Cost:

In the first step, you should calculate all your expenses, like upfront cost, insurance cost, per-mile price, maintenance cost, and all other additional costs. After calculating all the expenses, now its time to proceed towards the next step.

2. Finding the Exact Range of your e-scooter:

If you want to calculate whether your E-scooter saves money or not, the first thing you need to know is the range of your electric scooter. If you have already tested your e-scooter in real world conditions, then use that number; otherwise, skip this step. Learn to calculate the range of your scooter, then proceed towards step 3.

3. Calculate the Cost of an e-scooter:

Now its time to calculate the cost of your e-scooter like price of e-scooter, maintenance cost, miles per charge, and cost per mile. In most cases, the actual costs of an e-scooter range between $100 and $500.

4. Calculate the Difference:

Now its time for results. Take the value you obtained from step 1 and subtract it from the value you got from step 3. Now see the difference between both values. For example, if the total value you obtain from step 2 is $8000 and the value you get from step 3 is $500, then annually you save $7500 by using an e-scooter. 

How to Perform Range Test on your E-scooter:

If you don’t know how to perform a range test for your e-scooter, then don't worry; by just doing 6 simple steps, you can easily perform a range test to calculate the overall mileage of your e-scooter. 

  1. In the first step, fully charge your e-scooter and wear the necessary equipment you normally wear while riding your e-scooter.
  2. Before you start riding, calculate the overall distance between your home and workplace. You can use Google Maps for this purpose.
  3. Now finally, it’s time to begin the test ride from your home to your workplace continuously until your scooter battery dies. Keep a record of every trip you complete and pin exactly where your battery died. 
  4. Now calculate the distance. For example, if your one-way commute is 3 miles and you complete 2 trips, then your battery dies 1 mile away from your home, then the math is simple: 3 miles multiplied by 2, and adding 1 mile to the result, the total number of miles is 13. 
  5. Repeat this test at least 4 to 5 times to get the actual value.
  6. Sum all the values and take an average of the values you get from the range test. For example, on performing 5 range tests, you get five values, which are 13, 13.2, 13.4, 13.5, and 13.3. The total sum of five values is 66.4, and if you divide it by 5, then the average number of miles your e-scooter runs is 13.2 miles on one complete charge. 

Conclusion:

Everybody is finding ways to save money, especially in terms of transport because of the increasing price of fuel. It is time to switch to the new modern transport trending in the market. E-scooters have advanced the transport market by being low in cost and saving money.

In comparison to gas-powered cars, they are usually of high cost and require insurance, fuel, and maintenance costs. Also, if you use public transport, it takes a lot of your time, and also, prices are now high compared to e-scooters. 

Determine if an E-scooter saves money or not by four steps: calculate the current cost, range of your electric scooter, cost of the e-scooter, and calculate the difference.