As oil prices skyrocket, so do employer-paid e-bike and scooter subscriptions

As gas prices soar amidst the United States and Israel’s conflict in Iran, e-bike subscriptions are seeing a simultaneous boom as workplaces get on board.

Fast Company reports that major companies and institutions like Amazon, Google, Axon and universities are partnering with Ridepanda, which allows companies to offer e-bike and scooter subscriptions as a workplace perk.

"Overall, subscribers are up 46% since gas prices first began to spike in March, and up 94% compared with this time last year. Ridepanda saw a record day for orders in April, when they were 311% above the average, and has continued to see that trend play out into May," Kristin Toussaint reports. "It’s not yet clear how many are switching from gas vehicles because of the oil crisis, but the company says on average, its riders—many of whom have never biked to work before—replace about six car trips per week. That saves companies some 1,500 pounds of CO2 emissions per employee per year."

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