In addition to the burdensome and irrational tariffs, the bike and e-bike industry is faced with significant increases in material costs and unfavorable exchange rate fluctuations. We are absolutely baffled that an industry (both e-bikes and bikes) that so deeply influences reduced carbon emissions, energy efficiency, improved urban congestion, increased activity, mobility, and overall physical fitness would be essentially taxed at this extraordinarily high rate. I carefully use the word ‘nearly’ because 98% of all electric bikes are sourced from China and subject to this tariff. Sadly, we can no longer financially withstand the incredibly damaging impact of the current 25% tariff imposed on nearly all e-bike imports. Just use the code ELECTREK at checkout.Īs Juiced Bikes’ founder Tora Harris explained via email: The company was kind enough to offer a brief discount of $100 on its popular Scorpion and Scrambler e-bikes to Electrek readers, though. Juiced Bikes, which is headquartered in San Diego, also recently announced that it will raise prices on all of its e-bikes by $100-$200. Rad isn’t the only well-known US-based electric bicycle company increasing prices. To do this, Rad is increasing the prices of select bike models as of today. Our first priority is always to ensure Rad can continue to offer our market-leading e-bikes and unparalleled customer service to our customers. As a result, Rad is facing increased material and component costs across manufacturing, in addition to significantly higher transportation costs. Within the last year there have been multiple factors that impacted the global supply chain, which inevitability has impacted the e-bike industry and retailers worldwide. These include rising material costs, a weakening dollar impacting exchange rates, and the end of e-bike tariff exemptions earlier this year.Īs a representative from Rad Power Bikes explained to Electrek: Rad Power Bikes has been hit with a number of compounding variables that have increased the company’s own costs. ![]() The RadWagon electric cargo bike also increased by $200 to $1,899. The largest e-bike company in North America is seeing a $100 increase in many of its most popular models. The latest major e-bike manufacturer to announce a price increase in the United States is Seattle-based Rad Power Bikes. That could threaten the increased rate of e-bike adoption at a time when e-bike sales have been soaring. The electric bicycle market in the US is being squeezed from multiple directions at once, forcing prices higher.
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