The Exceptionally Low Running Costs of Electric Motorcycles

Although it’s taken its sweet time, electric car sales are on the up, having increased by an impressive 447.95% in the US last year. The Nissan Leaf and Tesla Model S are proving the most popular, with sales of the Nissan passing 35,000 since its 2010 launch. Mind-bogglingly, when compared to 2012 Tesla sales have improved by 8056.25% — this makes a little more sense when you realize that in the first quarter of 2013, Tesla profited for the first time in its ten year history.

Anyway, what I’m trying to say is that EVs are here to stay, and that’s good news because they’re much kinder to the environment. Yippee!

However, an industry that’s still struggling to embrace the wonders of electric is the motorcycle. Forever stereotyped for their inclination towards leather and high octane engines, bikers haven’t shown much of an interest in electric motorcycles – despite a number of start-up businesses valiantly touting their benefits.

To give them a boost, I’ve decided to champion EMs (electric motorcycles). Having done some research, I think the exceptionally low running costs and financial benefits are expansive, so those interested in cost effective solutions to travel should agree.  Sure, the initial investment is significant, particularly for some models, but this investment is balanced out by the long-term savings.

Understanding the Market

Depending on where you live in the world, the EM market is gradually developing. The trouble is, it’s stuck in the spotty teenager stage of maturity. Vectrix, the primary electric scooter manufacturer supplying the US, Asian, and European markets, folded in December 2013, leaving Z Electric Vehicle to take the reins. Although sales have been slow, manufacturers -including BMW and Honda- have demonstrated electric motorcycle prototypes.

At the forefront of the market is Zero Motorcycles, the current global leader for EMs. Naturally, EM advocacy is a massive part of their marketing campaign, and their website is stuff full of great content about why Zero is a hero. However, things aren’t all that rosy. In November 2013, Zero pulled out of the UK market, citing poor sales and the government’s failure to offer EM incentives (despite financial grants for EVs).  Filling their place is US EM manufacturer Brammo, who have announced a UK distribution agreement that will see its full range of bikes available.

So you see, it’s a volatile marketplace on the cusp of a big break through.

The Advantages of EMs:

No More Gas

For starters, you don’t have to pay for gas – ever again. I mean it. Not a drop. Nada. No more pump watching action to ensure it rounds off to the last cent. No more running on a teaspoon of gas because the station is another hundred miles away. No more breaking down in the middle of the Nevada desert. Just try and calculate the savings. Can’t? Here’s a savings calculator to help you out.

Of course, this means you need to plug in your EM to charge, just like a mobile phone. Whilst EVs require designated charging stations, most EMs can plug straight into the mains supply. If your chosen EM doesn’t have this technology, you can buy a domestic charging station. Whilst a domestic gas station is beyond the realms of possibility, EMs have got it covered.

Low Maintenance and Insurance

EMs are super low maintenance. Without getting too mechanical, the direct drive and internal combustion counterparts of electric motorcycles eliminate the need for routine maintenance.  In other words, EMs have less parts than traditional motorcycles and the parts they do have last longer.

This means you don’t need to replace the clutch, the spark plugs or the timing belt and you don’t need to check or change the engine oil or filter. This also means that typically,insurance is incredibly reasonable too. Less break downs means less imposed risk and this is only bolstered by the fact that many EMs have restricted top speeds.

Sure, this means that an EM is no superbike, but with cheap insurance and maintenance costs, the savings will make you feel super… yeah, I went there.

Low Emissions

Of course, a list about the benefits of EMs would be incomplete if we didn’t mention how kind they are to Mother Nature. Due to the energy spent manufacturing, transporting and charging EMs, they’ll never be emission free, but emissions are exceptionally low in comparison to traditional motors. In fact, some manufacturers have argued that as the electrical grid becomes increasingly proficient, EMs will too, effectively getting cleaner and greener with age. Woo hoo!

Tax Incentives

Up until December 2013, there was a federal tax credit for EMs providing 10% of the total sale cost. This expired last year and despite lobbying from EM manufactures, it has yet to be reinstated. However, many manufacturers are saying that Congress “just hasn’t got round to it yet,” so watch this space for even more reasons to fall in love with electric.

What do you think? Do you think the initial cost is worth the long-term saving?

Photo Credit: further

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