Steps to calculate the Total cost of Ownership for E-Scooters

Step 1: Initial Costs

• Purchase Price: Start with the base price of the e-scooter. Research different models and consider features like range, battery capacity, and motor power that impact price.
• Taxes and Licensing: Factor in any registration fees, sales taxes, and licensing costs specific to your region.
• Accessories: Helmets, locks, phone mounts, and storage bags add up. Include planned accessories in your budget.
• Financing: If opting for a loan or payment plan, account for interest rates and additional fees.

Step 2: Operating Costs

• Charging: Calculate your estimated electricity cost per charge based on local rates and battery capacity. Consider home charging installation costs if needed.
• Maintenance: Include regular servicing, tire replacements, and potential repairs. Research manufacturer recommendations and average costs.
• Insurance: While not mandatory everywhere, e-scooter insurance is recommended for accidents and theft. Compare options and choose a suitable coverage plan.

Step 3: Additional Considerations

• Depreciation: E-scooters, like any vehicle, depreciate in value over time. Estimate the residual value after your planned ownership period.
• Parking and Tolls: Factor in any parking fees or toll charges applicable to your riding habits.
• Public Transportation Savings: If replacing car trips with your e-scooter, add potential savings on public transportation costs.