For many youngsters, buying a bike during college is a big dream. In cities, the young and the old alike are looking for eco-friendly and easy ways of transportation. While petrol and diesel bikes have been around forever, the new kid on the block is the e-bike! This trend is picking up a lot in urban areas – and for a good reason.
In recent decades, riding bicycles has become very popular, and the number of bicycle enthusiasts has grown by leaps and bounds. This category of transportation has a new shining star in electric bikes or e-bikes. They combine a traditional bicycle with an electric-powered motor, making it into the moped category, which is super convenient for short to medium-range transportation.
Electric bikes are powered by lithium-ion or nickel-metal hydride batteries, rechargeable at any wall outlet charging point. It makes for a convenient, eco-friendly product that is easy on the wallet.
Here are some top reasons to consider an electric bike as your first bike:
- Ecologically efficient: with no emission of pollutants in the air and no noise pollution, you contribute to the environment while transporting yourself from one place to another. What can be a better deal for both you and the planet?
- Low cost: Compared to traditional motorcycles, petrol and diesel cost close to INR 100 per liter these days, making their use an expensive affair. Electronic recharging of e-bikes is so much cheaper in comparison and will put in the extra cash your wallet needs. Of course, e-bikes are more expensive than traditional bicycles, but they fall in the category of bikes and motorbikes, giving them a unique positioning and price point.
- Convenience: Since the rechargeable batteries can be recharged in your house, and with the availability of plug points at multiple locations, it is super convenient to power up your bike. What’s more, you don’t need a license to operate geared or light motor vehicles to ride an electric bike as you do to run geared or light motor vehicles.
- Low maintenance: Electric bikes are much easier to maintain than petrol and diesel motorbikes. They are much less expensive to service and support. Only the tires, brake pads, and fluid flush need to be looked into.
- Exercise: While the electric motor makes biking much easier if the battery runs out, you need to pedal the bike like an ordinary bicycle, which is good exercise for the body. Of course, it is a little harder to pedal uphill since e-bikes are much heavier, so carefully plan the battery charge and time according to the distance and route map.
Several brands of e-bikes are available in India, with prices ranging from 70k-150k for the most part. If paying such a huge amount upfront is difficult, you can consider bike loans, which also cover e-bikes. You can check your two-wheeler loan eligibility based on age, whether salaried or self-employed, duration of employment, place of residence, amount of finance, and term of loan required. Interest rates for two-wheeler loans mostly range from 1-2% per month. An online two-wheeler loan EMI calculator will help you find your exact cash outflow once you enter the loan amount, duration, and interest rate details. So, wait no further. With easily affordable loans, get your dream e-bike and make your transportation easier and the environment happier!