Soaring Gas Prices and Car Shortage Lead to E-Scooter Surge — Will It Last?

Scooter nature. Kick electric city bike using from business woman. Electric scooters for public share standing outside. stock photo
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In 2020, the global electric scooters market was estimated at $19.4 billion USD, with a compound annual growth rate of 7.6% between 2021 to 2028. The market was already on the rise as social distancing led people to seek alternative means of transportation in cities. Electric scooters were slowly displacing ride-share apps, taxis and public transportation.

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And that was before the war in Ukraine and Russian oil sanctions led to soaring gas prices. Now, e-scooters are enjoying a surge, with sales up 70% year-over-year, according to some manufacturers. Fluidfreeride e-scooter marketplace and manufacturer founder Julian Fernau told The Wall Street Journal that Fluidfreeride’s website traffic is up 30% since early March, when gas prices started to climb.

E-Scooter manufacturer Bird, likewise, told WSJ that sales have increased 60%, while web traffic spiked 30% in the past month.

Electric scooters can range in price from roughly $300 to $5,000, depending on their features, stability and battery life. But even at these prices, the gas savings can add up. A 50-cent scooter charge can take you about as far as two to three gallons of gas, WSJ reported.

Explore: Which Really Costs More: Charging an EV or Filling Up Your Tank With Gas?
See: More Than Half of Americans Are Driving Less Due to Rising Gas Prices: Here Are 5 More Ways To Save

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As the weather warms up in many parts of the country, more people are sure to embrace the convenience and cost-savings of a e-scooter. Especially with new and used car prices still up more than 32% from this time last year, as previously reported by GOBankingRates, an e-scooter could be the eco-friendly and economical solution.

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About the Author

Dawn Allcot is a full-time freelance writer and content marketing specialist who geeks out about finance, e-commerce, technology, and real estate. Her lengthy list of publishing credits include Bankrate, Lending Tree, and Chase Bank. She is the founder and owner of GeekTravelGuide.net, a travel, technology, and entertainment website. She lives on Long Island, New York, with a veritable menagerie that includes 2 cats, a rambunctious kitten, and three lizards of varying sizes and personalities – plus her two kids and husband. Find her on Twitter, @DawnAllcot.

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