Electric bikes vary widely in price, anywhere from $999 to $2000+, so you’ll have to determine how important certain features are to the overall cost. (However, we made a list of electric bikes under $1.000 here.)The battery used to power an electric bike motor is a key factor in how expensive a particular bike is. In general, the more miles a battery can provide, the more expensive it will be, so it’s important to consider the type of riding you plan on doing. If you know you’ll be using predominantly motor-generated power, then paying a bit more for a battery with a longer range is probably a good idea. Alongside with a good quality battery, motor is the most expensive part of an electric bike. Most standard electric bike motors come with a power rating of 250W, and the industry standard in the US is 500W. Maximum power of the motor you can legally use in the US is 750W. The non-electric components used on an electric bike are almost the same with those used on the conventional bicycles. The quality of the components used will affect the maintenance costs of your electric bike down the road, and more quality components mean higher upfront cost. Lastly, there is the frame. Since the frame is basically the skeleton of your electric bike, it’s wise to select a good material that will be the optimum combination of weight and durability.
Experiments done in Uganda, Tanzania, and Sri Lanka on hundreds of households have shown that a bicycle can increase a poor family's income as much as 35%.[better source needed] Transport, if analyzed for the cost-benefit analysis for rural poverty alleviation, has given one of the best returns in this regard. For example, road investments in India were a staggering 3–10 times more effective than almost all other investments and subsidies in rural economy in the decade of the 1990s. What a road does at a macro level to increase transport, the bicycle supports at the micro level. The bicycle, in that sense, can be an important poverty-eradication tool in poor nations.
"Bicycle" means either of the following: (1) A device having two wheels and having at least one saddle or seat for the use of a rider which is propelled by human power. (2) A device having two or three wheels with fully operable pedals and an electric motor of less than 750 watts (one horsepower), whose maximum speed on a paved level surface, when powered solely by such a motor while ridden, is less than 20 miles per hour.,
On the other hand, the battery doesn’t lock into the bike, which means you can’t just leave it on your bike when you park at the bike rack. Anyone could walk by and simply remove your battery. That seems like an oversight to me, though perhaps the designers assumed that such a small battery would just be easy to take with you. And it is. My wife could probably lose this battery in her purse.