7 reasons why e-bikes are a self-repaying investment
Driven by congestion and parking concerns, more and more people are looking for an alternative for the company car to commute to work. With the arrival of the e-bike, distances of 30 km suddenly seem a lot more doable. Here is why you should include them in your mobility programme and how they basically pay for themselves.
- Lower vehicle lease rates. By using an e-bike for trips otherwise done by car, you can reduce the total mileage of your perk car fleet. There is less fuel to pay, less maintenance and tyres to budget, and the car depreciates less. In short: your lease rates will be lower.
- Less parking costs. If part of the employees don’t come to work by car, you can do with less parking space in the office and/or pay less parking fees to third parties.
- Less absenteeism. Research shows that people that cycle to work are less ill and therefore save the company money.
- Health benefits. A recent study by xx in Belgium revealed that e-bike owners use their bicycle more frequently and for further distances than regular bike owners. Exercise builds up resistance and is a great stress reliever.
- Time is money. In fact, by cycling to work, you could save time and improve your work-life balance. Second, the time you spend on the bike is time you do not have to spend in the gym.
- Employee satisfaction. Employers with an e-bike programme tend to attract and retain employees more than those who don’t. That’s an indirect cost saving.
- Tax savings. In some countries there are legal frameworks enabling you to replace the car lease budget by a monthly amount the employee can spend on different transport modes, including an e-bike. It is also possible to provide a bike to staff not entitled to a company car, for instance by giving them the possibility to exchange part of their gross salary for a bike leasing contract.