Save on fuel, taxes, and maintenance. Here are five reasons to buy an electric motorcycle.
Many experts in the insurance market talk about electric motorcycles as an “excellent and trendy solution; not only for the savings in fuel, but for their many other benefits” such as…
1. Fuel savings
Charging an electric motorbike is up to 4 times cheaper than filling a gas tank on a 125 CC bike. One of their main benefits over a fossil-fuel engine is that they don’t need gas, which saves a lot of money, especially considering current gas prices.
Currently, electric bikes have an autonomy of approximately 60 miles, making them the perfect option for commuting in large cities. Plus, their removable batteries allow you to charge them at home or at the office with a standard plug.
Besides, you can always carry a spare in case you need to make a longer trip.
3. Electric motorbike maintenance
Electric engines are simpler than their fossil-fuel counterparts. They have fewer movable parts that can get damaged, and they can go longer without maintenance.
4. Tax exemptions
Electric motorcycle represent savings on taxes, in addition to savings on fuel and maintenance.
- Mexico’s Impuesto Sobre el Valor Añadido (Value Added Tax or VAT). If you purchase an electric motorbike, you could be exempt from paying Value Added Tax. It’s worth mentioning that Mexico’s VAT rate is an additional 16%.
- Verification. In Mexico, fossil-fueled vehicles must pass this test. All EVs are exempt.
5. Insurance benefits
Finally, in terms of insurance, motorbikes are cheaper than automobiles and the cost for electric motorbikes is even less.