https://pacersbikeshare.org/ (Indianapolis, Indiana)
Muscle Bike $2 + $0.20/min Electric Bike $5 + $0.25/min
That’s $14 for an hour long ride and $26 or even $40 for a long ride and a short ride.
https://www.carmel.in.gov/our-city/experience/attractions/bike-carmel/bike-share-program
Similarly located, more walkable urbanism focused but less urban Carmel, Indiana has a more reasonable rate:
Muscle Bike $1.50 per half hour to rent with a cap of $24 for up to a 24-hour period.
Can anyone explain to me why this difference is so large? Over the years I’ve come across some expensive bike shares and some very affordable ones. The only other thing worth noting is that residents of Marion County, which Indianapolis is in, can ride a certain amount free and at a discount after that. I thought bike shares were perfect for visitors or travelers who may not have a car at their destination.
Would you consider the Pacers Bike Share in Indianapolis Expensive?
For this price, if I was in Indy for a week, I’d buy a Craigslist bike and donate it to some random kid when I left. $40 of gas would take me across the state.
As an apples to oranges comparison, here’s a fun datapoint.
I just rented a BMW 5 series for a week, for a grand total of ~$300. That’s a good deal, sure, but some very rough napkin math tells me a $60,000 car / $300 / week = 200 weeks of rental should pay for the cost of the vehicle (ignoring maintenance for now). So, let’s say it’s a $5k bike (implausible), that should really only be $25/week, or generously $4/day. The fact even the cheaper option mentioned is 6x this is terrible - bikes really shouldn’t be this expensive.
I wish bikes were more cost effective :(