How Subsidies Could Lower Electric Bike Prices in the US in 2022?

How Subsidies Could Lower Electric Bike Prices in the US in 2022?

Subsidizing the price of hovsco e-bikes in the US in 2022 could be the best way to jump-start commuter cycling.

A reimbursement program for hovsco e-bikes in the US would make them inexpensive for residents of the US who can't afford an electric car. This reimbursement program can give others greater incentive to choose a mode of transportation that isn't powered by fossil fuel.

People in the US started remote work, eating at home, and entertaining themselves in the house. Many discovered the restoring powers of cooking, walking, playing games, and riding a bike.

The business has been booming for local e-bike shops and online retailers in Houston and Harris County. In 2022, driven by customers inspired to explore less-jammed roadways with family or their social friends, sales of e-bike accessories in the US hit $1 billion in April — a 75% increase over 2021. According to a market research company, The NPD Group, e-Bikes suitable for family use, neighborhood riding, and those with more approachable price points showed the most substantial year-over-year sales gains.

Bicycling activity has increased exceptionally in Houston, Dallas, and San Antonio, doubling in other metros not known as e-bike cities of the US. According to data from the activity tracking app Strava, Houston's cycling trips were up 138% in May compared to 2021.

Keep Riding Hovsco e-bikes in 2022.

Can the US and its other cities take advantage of this newfound interest in e-bike cycling by promoting it, so it continues to grow?

What about creating a reimbursement program for hovsco e-bikes similar to those offered by the federal and state governments for electric vehicles?

State Assembly Member Robert Carroll in New York introduced a bill in 2019 that would extend the state's electric car reimbursement program to electric bikes he co-wrote for Streetsblog NYC:

 "The recent Drive Clean program (DCP) offers a direct point-of-sale reimbursement of up to $3,000 to buyers of electric cars.

A10974 would authorize the state to offer a parallel reimbursement for electric bikes, covering 50 percent of the purchase price with an ultimate reimbursement of $1,200."

Hovsco electric fat-tire bikes enable riders of different fitness levels to ride a long way more often than traditional bikes. Making it easier and more enjoyable to the bike makes people more likely to choose biking over driving.

According to a survey cited by Carroll, almost 69% of North American e-bike owners said their primary motivation for buying an e-bike was replacing car trips.

Many People Live Near the Work to Bike.

According to American Community Survey, one-year estimates for 2020, One-third of Houston residents live 20 minutes from work. That's a distance easily covered on an hovsco electric bike.

Approximately 4 million trips Houstonians take each day are less than two miles from home, and only 1–4% are made by biking.

Transport Emissions and Climate Change

Houston produces 48.3% of emissions a year coming from transportation, 15.9 million metric tons of that are regarded as being caused by passenger vehicles. In short, 47.9% of total greenhouse gas emissions in Houston come from cars, trucks, and SUVs.

Best electric bicycles or e-bikes in Houstonians' hands could help achieve carbon neutrality in the next 30 years.

One of the city's Climate Action Plan targets to meet that goal is a 22% decrease in the per-capita vehicle miles traveled by 2060.

According to the action plan:

"As a community, we should do everything to reduce vehicle miles traveled (VMT) per capita and fund or promote multi-modal transportation, including biking, transit, and walking and more mobility choices leading to a healthier and lower-emissions the US.

The High Cost Of Transportation in US Cities Increasing Use Of E-bikes

The residents of the US are paying a high fee for their vehicles in more ways than climate change and warming the atmosphere.

A study on affordable housing and transportation shows that the average US moderate-income household making between $61,060 and $91,800 for a family of four spends 27% of its income on housing and 23% on transportation. These households spend 33% of their income on housing and 24% on transportation. The report defines affordable transportation as transportation of any type that spends less than 15% of household income.

US climate action plan and the commitment to alternative energy are seen throughout:

"Electric vehicles are the most promising opportunities for the US to lead in transportation emissions reductions and could save citizens money, as they have a lower ownership cost than internal combustion vehicles."

Electric bicycles or e-bikes should be included in conversations about transitioning to electric vehicles. Those conversations should include strategies to make it easier for those who can't afford an electric vehicle to purchase an e-bike as they can help reduce emissions. Electric bikes can be affordable and practical alternatives to cars in the US.

An Affordable And Effective Hovsco E-bikes

Hovsco E-bikes and power levels of motors and battery range vary in price, from around $ 1,499 (HovCity Step-Thru Cruiser) to $1,999 or more (HovAlpha Fat Tire Electric Bike). Options range from basic commuters, foldable e-bikes, and city bikes to mountain bikes.

You can check the Hovsco e-bike collection to get PRESALE: $200 OFF FOR YOUR FIRST ORDER.

Contact us for more information.


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