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6 Reasons Why Surging Fuel Price is Increasing Electric Scooter Demand

The price of fuel and volatile global economies are major factors that influence the demand for electric scooters. The rise in gas prices has pushed people to switch to electric scooters. Very few people today prefer cars or motorcycles.

The sale of electric scooters increased significantly in Q4 2020, with a 41.6% increase in year-over-year sales compared to Q4 2019. The U.S. saw the largest increase with 35%, while international sales increased by 197%.

In addition, environmental concerns have been increasing around the world. As a result, both public and private transportation systems are using cleaner sources of energy.

Let’s look at a few reasons in detail why the demand for electric scooters has increased over the years.

1. Worldwide Energy Shortage

Fossil fuels are a nonrenewable source of energy, and this is what we’ve been using for thousands of years. It stands to reason that eventually, the supplies are going to run out.

This has had a pronounced effect on total energy from a global perspective. We have a severe shortage of energy that is only getting worse. Consumption has been outpacing production all over the world.

Coal and crude oil stocks are rapidly depleting in many countries. This has a domino effect which results in surges in pricing. This is an upward climbing trend that shows no signs of slowing down. Unless, of course, alternative fuels or electricity is adopted as the standard or become more common.

With improving technology, electric power has become much more viable in recent times. Today’s batteries are much cheaper than before and hold more energy in the same form factor.

2. Price For Crude Oil Is Skyrocketing

Crude oil prices are increasing rapidly, and they might even go higher. OPEC has recently decided to tighten the supply of crude oil in the market. What this means is that oil prices are increasing and don’t appear to ease up.

The reason behind the decision is that OPEC wants to reduce competition in the crude oil market. This can help keep their pricing stable. Many factors contribute to the fluctuating prices of oil, and it comes down to supply and demand.

This problem is further exacerbated through the increased production of ICE vehicles. It is one reason why more countries are adopting electric power going forward. They don’t have to rely on the volatile pricing of already expensive fossil fuels. Stopping the consumption of fossil fuels also improves the quality of the environment.

3. Post-Pandemic Recovery Has Been Slow

The oil and gas industry was struggling from decreasing fuel sales caused by COVID. A major part of the drop was due to supply problems. The closure of several refineries in late 2020 severely reduced U.S. crude oil production. The deficit was more than a billion barrels per day, and so it was difficult to recover.

While there are talks about how they could bounce back before 2024, most of these are permanent. This further puts stress on existing crude oil production, increasing the price even more.

COVID is not the only problem; oil and gas were under pressure even before the pandemic struck. Several countries have plans to fully electrify their automobiles by 2030. This means the industry will slowly phase internal combustion engines out of existence.

4. Unexpected Weather Patterns

Harsh winter has been tough on refineries in 2021. To meet the demand for oil, refineries have been running at higher capacity and have been unable to keep up with other seasonal demands for gasoline and diesel.

As a result, gas prices have surged by about 30 cents a gallon between January and February. The reason is that a lack of available refined products has led to a drawdown of inventories globally. This is clear at terminals that distribute fuel into the pipeline system.

This winter has been really tough on refineries, and they have taken a hit so far this year. The number of days that refineries were forced to reduce their production output rose by nearly 10% in the first quarter compared to last year.

5. Stimulus Checks Increase Spending

Stimulus checks are another factor to consider when it comes to the larger picture. $1.9 trillion is going to be injected into the economy for COVID relief. The unforeseen consequence of this is that it increases the price of gas for the consumer.

It is estimated that this increased wealth could result in additional demand of about 200k barrels of crude oil every day. Since oil and gas production is already struggling with closures and other related issues, this could drive the price up even higher.

The rising prices of gasoline could mean that people have much less money to spend on other essentials. This is a vicious cycle that people can stop with the adoption of electric vehicles.

6. Demand For Gasoline Isn’t Slowing Down

The gasoline demand is not slowing down, and in fact, it’s increasing at a steady rate. The United States Energy Information Administration (EIA) predicts that the demand for gasoline will increase by 1% each year through 2040.

In spite of this steady increase in the need for gas, some trends may cause people to drive less and buy less gas in the future. One trend is an increase in electric vehicles.

In 2017, about 17% of new vehicles bought were E.V.s compared to only 2% ten years ago. As more people switch to E.V.s, that number is likely to increase. But this increase pales in comparison to the number of ICE cars that are bought. 14.3 million ICE vehicles were acquired in the U.S. alone in 2020.

 

 

6 Health Benefits of Using Electric Scooters

Electric scooters are the new way to commute around town. They are an economical, fun, and environmentally friendly way to travel.

An increasing number of people are suffering from obesity and other health issues. It has become necessary to switch to a more active and sustainable way of commuting. Electric scooters can be an excellent alternative to the conventional ones that we use every day.

Not only are they eco-friendly, but also they help you get in shape while getting from one place to another. We’ve put together a list of reasons electric scooters are great for everyday city riding and your health.

1. Accelerates Weight Loss

Obesity is on the increase worldwide because of sedentary lifestyles and other factors. We may never be able to completely stop this trend, but we can try our hardest to mitigate it. Millions of people are fighting back by using electric scooters as a means of transportation to work or school each day.

A study found that electric scooters can help users lose weight up to ten times faster than exercise. Although electric scooters have been around for a while, they have only recently become popular.

Scooter riders will burn calories while having fun and enjoying the outdoors. Riding an electric scooter is a great way to get daily exercise without needing a gym or getting sweaty. If you want to get in shape but dread going to the gym, consider picking up an electric scooter today!

2. Decreases Stress

The biggest problem we face is stress. We all need ways to reduce stress and avoid it. Many people use scooters as a great way to get around town and avoid traffic. It is not only convenient but saves time and money on gas or public transportation.

According to a study conducted by the University of Michigan, students who commute on electric scooters feel less stressed when they arrive at school. There are several reasons why this happens. You don’t have to worry about a parking space, and electric scooters are small and convenient.

Electric scooter riders don’t have to worry about the noise related to an ICE vehicle. They are also aware that they contribute to reducing emissions around their environment.

3. Increases Core Muscle Strength

An electric scooter can give you stronger legs and a core. An electric scooter is a perfect tool for getting some exercise, especially if you need to travel distances that are too far to walk but too close to drive or ride an actual bike.

Studies have shown that people who ride scooters for half an hour on average have better musculature. This was especially evident on their core and legs. Since you need to balance yourself on these scooters, you naturally improve your core strength.

4. Improves Flexibility

An e-scooter is a brilliant tool for improving your flexibility. It flexes your spine to lean forward and stretch out your leg muscles. This helps you develop a better range of motion in your hips, knees, ankles, and shoulders.

It’s true that regularly riding an e-scooter will make your body more flexible. One reason is there are some muscle groups involved in this sport that are usually inactive. They are the hip flexors and hamstrings, and working on them can improve your flexibility tremendously.

Scooters are also great for improving blood flow through smaller vessels in the body. These might otherwise be neglected during normal exercise routines. Whether you’re just starting out or have been riding one for years, it’s good to give yourself some variety once in a while.

5. Better Hand-Eye Coordination

Hand-eye coordination is essential for many things that we do in our daily lives, like playing sports or driving. An e-scooter can improve your hand-eye coordination because it makes you use both of your hands to steer the scooter.

Cars do not engage the physical side of your body at all. It’s basically like sitting on a couch that you can drive around. Regular bikes put more emphasis on one hand, usually the right hand. This means that the left side of your body isn’t getting as much exercise as it should.

An electric scooter trumps both of the modes of transportation when it comes to it being more physical. E-scooters are also safer than regular bikes because they are smaller and have a lower center of gravity. This makes them easier to control if you happen to lose your balance.

6. Corrects Posture

Posture is something that all of us need to pay attention to today. With 9-5 office jobs being the norm, most of us are glued to our computers all throughout the day. This can result in bad posture, and several issues arise because of this.

Electric scooters help improve posture. In many cases, bad posture can lead to problems like joint deformities and even slipped or dislocated discs in adults. Electric scooters can prevent these issues by improving your posture while riding them.

And since scooting can improve your balance and core strength, it naturally results in better posture. The best part is that you don’t need to dedicate time to do this. Your daily commute to and from your workplace is enough to correct your posture.

 
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