No more lease cars, e-bikes are the future

E-bikes have already proved to have a positive impact on topics as environment and convenience, but there still are major opportunities to gain advantage from the popular electric vehicle.

One of those advantages is the use of e-bikes as a term of employment. Mobility of the staff is an expensive aspect for a lot of companies; deals for lease cars and public transport are often made when the content of a contract is discussed. The e-bike doesn’t seem to have reached that status, although there are some companies that do offer these innovative mobility deals. Bicle bundled all you need to know about the e-bike as a term of employment.

Advantages

Research has shown that half of the employees would like to use an e-bike as transportation to their work. In an ideal situation, they ask for a combination of an electric bicycle with a lease car or a public transportation subscription. This is the result of the growing popularity of the relatively new mean of transport. An e-biker drives around 900 miles a year on average, that is 375 miles more than the annual traveled distance of normal bikers.

The usage of an e-bike as main transportation between home and work can benefit on multiple areas for employers. First of all, e-bikes can help employees to stay fit, because they will easily reach their much needed hour of movement per day. This can cause a decrease in long lasting absenteeism. Secondly it can make a company more popular. The e-bike is rapidly gaining popularity, so a company that offers the opportunity to lease or buy an e-bike, can offer potential employees an extra incentive to choose for them. Thirdly it can strengthen a company’s corporate social responsibility strategies, because an e-bike is much better for the environment than a car.

From an employee perspective, this sporty and green transportation solution does have major advantages as well. To start with, traveling through a city on a bike is faster than any other mean of transportation, so employees can save valuable traveling time. Besides that, traveling by e-bike is cheaper than leasing a car. For example, if an employee lives more than 12 miles away from the office and receives a reward of € 0,31 per mile, he will earn € 135,50 per month. This amount is more than enough to lease a high speed e-bike. Finally the choice between an e-bike and a lease car will offer employees more flexibility, which will increase their job satisfaction.

A successful example

A company that has successful integrated the e-bike in its employment strategies is SNS Reaal, a Dutch financial institution. They pay the employees that choose to travel by bicycle € 0,23 more per mile than those that travel by car. Employees can choose to pay for the e-bike by stopping the payment of travel expenses until the debt is payed of, lower their bonuses throughout the year or to close an interest free loan.

Besides the financial steps, SNS Reaal also improved their bicycle facilities as bike storages, new chargers for electric bicycles and shower facilities in their office. They also promote bicycle usage in special campaigns, for example the participation in the national ‘Cycle to Your Office Day’.

Companies should make use of the major advantages that cycling to work have for employers and employees and should incorporate the e-bike in their terms of employment.