WHY ARE ELECTRIC MOTORCYCLES SO EXPENSIVE?

And why are they worth the investment?

Written by T-admin

September 6, 2019

Torpedo factory and Torp electric bike

Have you set your eyes on an electric motorbike and was surprised by the high price? You were not the only one that felt defeated by looking at the price-tag of an electric two-wheeler. Here we will explain why the electric bikes and motorcycles are still expensive compared to their “regular” counterparts.

THE BATTERIES

The electric bikes are powered by lithium-ion batterie-packs, that can reach steep prices. The more powerful batteries can cost as much as 1000 eur. Despite the name, it is not the lithium that drives the batterie-prices in the sky, but another metal found in batteries-cobalt. Cobalt acts as the negative cathode of a lithium battery and makes up a much larger portion of the battery by volume. Since the majority of the metal comes from two countries, Democratic Republic of Congo and China, its rarity and unstable political conditions in DRC affect its price and results in the high prices of the batteries for our electric two-wheelers.

SMALL MARKET

Electric motorbikes are still niche products, made by small manufacturers or even by the enthusiasts at their own garages. Since the manufacturers can’t predict how many bikes they will be able to sell, they are forced to produce them in small numbers, which raises the price of the parts they have to order from the whole-sellers. This fact combined with costume demands from their costumers, result in the higher prices of the end-products.

HIGHER QUALITY COMPONENTS

This one is more in order with the prices of electric bicycles then of the costs of electric motorcycles. Since electric bicycles reach higher speed then regular bikes, they need sturdier frames and better brakes, which are at the end more costly.

THEIR WEIGHT

Electric bicycles are heavier than regular bikes, so their shipping is also more expensive.

COMPETITION

Since electric motorbikes have gained in popularity just in the last few years, competition, especially in the off-road dirt-bike segment, is not big, so manufacturers don’t have to lower their prices. This could change quickly however since the demand for all sorts of electric vehicles is on the rise.

The slightly higher initial cost pays itself through the cost of fuel and lesser cost of maintenance since the electric motorcycles consist of fewer wearable parts.

Why invest in the electric bike then, if the above facts go against it? With the regular e-bikes, there is an ease of travel: the pedal-assisted electric bike will help you travel greater distances without worries of getting tired or not being able to find a parking space. Electric motorcycles, on the other hand, are more cost-efficient in comparison to their fuel-powered counterparts, since the prices of the electricity are still much lower than the gas-prices. This means that the slightly higher initial cost pays itself through the cost of fuel and lesser cost of maintenance since the electric motorcycles consist of fewer wearable parts. Another factor is torque, that instant push of escalation that can not be obtained with the fuel-powered vehicles. While gas-powered engines take longer to spool up peak power and torque, which require the engine to be spinning at high RPMs, electric motors reach peak power and torque instantly from 0 RPM.
There are also the benefits of soundless travel and enjoyment in the wilderness without sound-polluting the area. Did we convince you?

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