We recently launched Boosted Rev, the world’s first vehicle-grade electric scooter. With a price tag of $1,599 some of you have asked, “Is it worth it?” or, “Wouldn’t it be cheaper to rent a scooter for just $4 per ride?” While these are valid questions, they’re the equivalent to asking, “Why would I buy a car when I can ride Uber or Lyft for an average cost of $22 per ride?” or “Why would I buy a house or condo when I can stay in a hotel or Airbnb for a few hundred dollars a night?”  The answer, of course, is that if you plan on using the scooter with any regularity, you’re much better off buying it.

Let’s Do the Math

Boosted Rev vs. Scooter Share

If a person rents a scooter to commute to and from work at the well-established price of about $4 per ride [1], that adds up to $8 per day, or $40 per five-day week. Over a year, this amounts to over $2,000, and over two years it swells to over $4,000! And that’s just the cost of taking two rides a day.

The reality is that most people take short trips much more frequently throughout the day—to grab a coffee, get lunch, meet friends, and run errands. More realistically, a person takes three to four rides a day, including weekends. Renting a scooter for even four rides per day at $4 per ride quickly adds up to $4,000 per year, or $8,000 over two years. In addition, there’s no guarantee that you will have a scooter waiting outside your apartment or restaurant the minute you step out. Someone else may have swiped (or rented) your scooter!

By comparison, Boosted Rev costs $1,599. And it’s always immediately available because you own it. It’s yours.

The bottom line is, for a vehicle-grade product designed to last years, you’re saving 3x to 5x if you use it regularly. To help defray the initial outlay, you can also pay for the scooter in monthly installments for as low as $60 per month–about the same cost as three Uber rides, or seven round-trip scooter rides.

Boosted Rev vs. Ride-Share

On to ride-share. The average cost of a trip with rideshare providers such as Uber and Lyft is about $22 [2]. So take the math above for scooter share, and increase the cost of going anywhere  by overt 5x! (If you don’t travel far, then use the well-established $2 per mile as an estimate for how much you’ll pay for micro trips via rideshare). Here, the savings of owning a Boosted Rev are even more impressive—over 5 times more impressive.

Boosted Rev vs. Car Ownership

If you’re travelling long distances, clearly a car makes sense. But half of all car trips are less than three miles [3]! The total cost of driving, including the cost of the car plus gas and insurance, is about $0.50 per mile [4]. The average U.S. commute is about 5-6 miles each way,  totaling about $5-6 by car. Now factor in parking, which costs about $10 in smaller cities and $30+ in cities like San Francisco and NYC, and your $5-$6 trip just became a $15-$36+ trip. By comparison, owning a Boosted Rev, at $2 per day (assuming even two years of use), represents a massive savings if you plan to use it with any regularity. No parking, no traffic, and cheaper by the mile.

Boosted Rev vs. Public Transit

Most transit fares, from bus to subway to train, cost about $2-$5 per trip. So once again, the cost is $4-$8 per day if you’re going to and from work or school, and more if you’re taking additional trips during the day. Boosted Rev costs just $2 per day, no matter how many miles you put on it.  With a battery range of up to 22 miles, it also has the capacity to meet virtually all of your last-mile transportation needs.

Boosted Rev vs. Other Scooters

The math proves that ownership is overwhelmingly more economical than any other alternative. But what about buying a less costly scooter? There are budget scooters on the market for $400-$800, and for some, this may be a great option.

The main questions to consider are: Will the vehicle last more than a year or two max? Can it withstand the rigors of a regular commute? Will you end up buying a replacement unit several times over?

These cheaper alternatives are notorious for their short lifespans and it’s well-documented that they typically last as little as 28-60 days in a scooter share environment [6].  In addition to mechanical failure, their low-grade batteries start to degrade after a mere 100 charge cycles. When it comes to performance, these scooters are incredibly underpowered and as a result,can’t climb even slight hills or ramps and fail to accelerate and decelerate to keep up with the flow of traffic. In summary, they tend to be toy or leisure-grade quality products that are not intended to handle real traffic conditions. Ultimately, you get what pay for.

Just like a $30k car offers more performance, quality, and safety than a $15k car, the same is typically true for any other vehicle. Boosted Rev is designed and manufactured to be a daily-use, street-grade vehicle: High performance, high-stability, durable, long-lasting, and highly favorable economically for anyone looking for an alternative means of transportation.

Doesn’t Boosted also make electric skateboards?

Yes, and we’re world-famous for it.  Our boards range from $749 to $1,599, so all of the economic arguments above apply as well (or even 2x) for our vehicle-grade Boosted boards. Over 80% of Boosted owners use their board as part of their commute, to run errands, or both.  And there’s the added benefit that skateboards are small enough to tuck under an arm or into a backpack, making them the ultimate portable, stowable “electric car for your feet” that can be tucked away when you get where you’re going.

Today, last-mile transportation is one of the most expensive and time-consuming (in)activities in our lives. Just like the mobile phone profoundly changed the way we all spend our time, there’s a profound amount of daily time and money to be reclaimed by adopting small, personal, electric vehicles. For the regular rider, buying a premium, vehicle-grade scooter or skateboard not only saves time, but is the most economical choice you can make.

Meet Boosted Rev

Learn more about our all-new, high-performance electric scooter.

(1) The Love of the People Isn’t Enough to Keep Shared Electric Scooters Rolling

(2) Giving Up Uber Could Save You $323,000

(3) Why scooters are the future of transportation

(4) IRS issues standard mileage rates for 2019

(5)  Shared scooters barely last a month, report says. But that could change.