Electric motorcycles have become increasingly popular in recent years due to their environmental benefits and low operating costs. As the world shifts towards a more sustainable future and an increasingly busy road system, many individuals are considering electric motorcycles as a viable option for transportation. One of the most commonly asked questions though is "how much will it cost?"
How Much is an Electric Motorbike?
Some popular electric motorbike brands available in the UK include Zero, Energica, NIU, Yamaha, Super Soco, Vespa and Piaggio. The prices for these electric motorcycles and scooters can range from around £2,000 for a basic model, to £12,000 for a premium model with advanced features and high-performance capabilities, while a high-end electric motorcycle like the Harley-Davidson Livewire retails for around £29,000 from new.
Are Electric Motorcycles More Expensive Than Regular Motorcycles?
Electric motorcycles are generally a bit more expensive to buy outright than internal combustion motorcycles, due to the new and developing technology used and their high-performance design. Scooters however tend to be a little cheaper than their petrol equivalent. However, electric motorcycle running costs are typically much lower as electricity is cheaper than petrol and diesel, meaning they require less to run. Whether an electric motorcycle is more cost-effective than a petrol-powered motorcycle depends on various other factors, but in the long run, an electric version will likely save you money.
How Much Do Electric Motorcycles Cost to Run?
How often an electric motorcycle needs to be charged depends on the size of the battery, riding conditions, and the rider's habits. As a general rule, most electric motorcycles have a range of around 60-100 miles per charge, and the battery typically takes between 4-6 hours to charge fully. The actual cost of charging depends on the electricity rate charged by your energy provider and the size of the battery.
As of March 2023, electric motorbike prices for charging in the UK are around 14.4p per kWh. As an example, if you have a battery with a capacity of 5 kWh and you need to charge it from 0 to 100%, it will cost you around 72p (5 x 14.4p) to fully charge your electric motorcycle.
It's important to note that some charging stations may have additional fees, depending on the provider and location, so this is something to keep in mind if you're charging when you're out and about.
How Long Do Electric Motorcycles Last?
Like petrol-powered motorcycles, the average lifespan of an electric motorcycle depends on various factors, including the quality of the parts used, how often it's serviced, and how you ride it. Generally, electric motorbikes have fewer moving parts and require less maintenance than traditional combustion engine motorbikes, which can contribute to a longer lifespan and save you money in the long run. However, lithium-ion batteries, like any technical component, will need to be replaced eventually. The battery technology currently in use gives a battery lifespan of around 3-5 years before it will likely need to be replaced.
How Much Does It Cost to Insure an Electric Motorcycle?
In general, electric motorcycle insurance premium are typically a little higher than petrol-powered motorcycles, due to their higher average value and repair costs because of the technology used. However, this may change over time as the technology becomes more commonplace. The specific costs can vary wildly depending on your personal circumstance but, generally speaking, you may find them to be a little higher than a like-for-like petrol-powered model.
Are There Any Tax Incentives or Rebates Available, for Purchasing an Electric Motorcycle?
Yes, there are tax incentives and rebates available for purchasing an electric motorcycle in the UK.
The government's Plug-In Grant provides an discount of up to 35% discount, on the purchase price of eligible electric motorcycles and scooters (applied to the purchase price).
In addition to the Plug-In Motorcycle Grant, electric motorcycles and scooters are also currently exempt from road tax, and they may be eligible for reduced rates on London's Congestion Charge and Ultra Low Emission Zone (ULEZ).
It's worth noting that these incentives and rebates are subject to change, so it's always a good idea to check online for the most up-to-date information.
Are You Ready To Go Electric?
While electric motorcycle purchase costs may be a bit higher than that of a standard motorcycle, the long-term cost savings in terms of maintenance and fuel, make it a more cost-effective option. As technology improves and becomes more widely adopted, we can expect to see prices come down and more affordable options become available, as well as reduced charging times and longer-life battery technology.