Wherein I show, through lived experience, how a bicycle can put money in your pocket—tax free!
The whole point of Edenicity is to build cities that make it easier for people to bike, save a ton of money, and heal the planet without having to think about it.
Here’s a deeper dive on the same topic:
[ Ссылка ]
Writing, calculations, stunts, narration, vintage images and video by Kev Polk.
Calculations (round numbers)
$500 bought the bike
+ $2,500 maintenance and parts ($100/year x25 years)
+ $500 XtraCycle cargo bike attachment
+ $500 HillTopper 250W motor + battery
= $4,000 total spent
$0.50 federal mileage rate (ca. 2010)[1]
x5 hours/week (includes groceries, commute and activities)
x12 mph
x52 weeks/year
=$1,560/year
x18 years
=$28,080 (round to $28K)
Not owning a car saved
$8,000/year
x7 years
= $56,000
Annual cost of car ownership is estimated in 2023 dollars, based on BankRate.[2]
Sources:
[1] [ Ссылка ]
[2] [ Ссылка ]
