The prices of e-bikes from major brands are starting to drop in the United States

At the start of this year, prices for electric bicycles soared almost everywhere. Now we are starting to see price cuts from major American brands. Could it be the light at the end of the tunnel?

The indicators are starting to point in that direction.

In a surprise move, we’re now seeing prices drop on a handful of e-bikes from popular e-bike brands.

After increasing prices on many models at the start of the year, Rad Power Bikes is lowering them again on several models.

The company’s most affordable model, the RadMission, had climbed to $ 1,099, but has since fallen back to $ 999. Another of the brand’s popular models, the RadMini fat-tire folding electric bike, had hovered at $ 1,499. But now the company has made the RadMini selling price permanent at $ 1,299.

Juiced Bikes have also seen impressive price drops. When the company recently unveiled its new stepper version of the $ 2,499 CrossCurrent X commuter bike last month, the price revealed was only $ 1,999 (although the new version has a slightly smaller battery) .

And after raising the price of its popular Roadster V2 belt-driven electric bike from $ 995 to $ 1,095, Ride1Up has since lowered the price modestly to $ 1,045.

Why are the prices of e-bikes starting to drop?

The sudden increase in prices for e-bikes earlier this year is due to several factors, but the main ones are soaring shipping prices and the weakening dollar.

Prices for shipping containers have more than quintupled in the past year. A typical 40HQ shipping container that can hold around 250 e-bikes has gone from around $ 4,500 to $ 20,000 on the popular route from East Asia to the West Coast of the United States.

This price has risen steadily over the past year, leaving many people concerned that the end was nowhere in sight.

However, the past month saw one of the first brief price drops, followed by a slight cap in shipping prices, as seen in the chart below. They are still very high compared to a year ago, but the continued rise in prices seems to have slowed or even stopped temporarily.

This likely signals good news for e-bike companies who may be able to plan for more predictable shipping prices, at least in the short term.

Shipping prices have been rising steadily but have shown the first drops and now signs of a potential plateau

At the same time, we are seeing a similar story with the weakening dollar.

Compared to the Chinese yuan, the US dollar has lost value quite steadily over the past year.

However, we are also starting to see a plateau there, as you can see in the graphic below.

After hitting a low in early summer, the US dollar rebounded slightly against the Chinese yuan and appears to have stabilized somewhat from its period of steep falls.

While the dollar’s price is still significantly lower against the Chinese yuan, a stabilization of this trend will also be good news for US e-bike companies that manufacture most of their manufacture in China or rely heavily on batteries. and engines from Chinese manufacturers.

Global markets are always volatile, making it difficult for both e-bike manufacturers to long-term planning and analysts’ price prediction.

But the signal from several major manufacturers to lower the prices of their e-bikes at a time when many of these companies are still limited in supply is a good sign for consumers.

If current trends continue, we may only see the first rays of light at the end of the tunnel.

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