Electric Bike Company Rolls Back Tariffs

Rad Power Bikes announces return to original pricing by absorbing tariff costs.

SEATTLE - Jan. 31, 2019 - Rad Power Bikes is putting the brakes on tariffs for its customers. The Seattle-based consumer-direct ebike company will now fully absorb all costs associated with the 25% tariff imposed on ebikes since August 2018. Returning to their original pre-tariff prices, a $200 difference, is part of the brand’s mission to make ebikes more accessible through design, quality, and affordability.

“We want to bring the most value to customers and one powerful way to achieve this goal was to absorb the tariff costs completely,” said Mike Radenbaugh, Co-Founder and CEO of Rad Power Bikes. “We believe ebikes can truly revolutionize transportation and the communities we live in, and we’re here to make sure that happens no matter the cost.”

Ebikes are the fastest growing segment of the bicycle market, with U.S. sales increasing eightfold since 2014 according to NPD. Ebikes are used as a car replacement, and help broaden the cyclist population by eliminating barriers associated with traditional bicycles. A tariff threatened the future of ebike adoption and sustainable transportation by increasing the costs of ebikes to consumers. Some ebike brands are increasing prices for a second time since the tariff went into effect.

The 25% tariff was imposed on ebikes and other goods worth $16 billion in a second round of duties placed during trade negotiations between the U.S. and China. At the time, Rad Power Bikes was able to absorb most of the impact, but was still forced to increase prices by $200.

When co-founders Mike Radenbaugh and Ty Collins announced the price increase in a candid video, thousands of customers expressed devastation that the ebikes were no longer in their budget. “We’ve been working tirelessly ever since to find a solution,” said Radenbaugh.

To fully absorb the costs of the tariff, Rad Power Bikes focused on what they could change, rather than deferring to factors outside their control. The company streamlined business processes, standardized components across their models, enhanced relationships with vendors, and diversified manufacturing. These efforts allowed the company to return to their original pricing of $1,499-$1,599 without compromising quality, customer support, or the growth of their U.S. based business.

The return to original pricing arrives as Rad Power Bikes releases its 2019 models. The lineup features a number of new, unique enhancements across six models that further drive the durability, safety, and accessibility of ebikes.

Learn more at radpowerbikes.com and follow the brand on Facebook, Twitter, and Instagram.

About Rad Power Bikes

About Rad Power Bikes™: Rad Power Bikes is the largest ebike brand in North America, with a community of more than 600,000 riders. Founded in 2007, the company boasts a full lineup of affordable ebikes and accessories that are changing the way people and products ride for good. Rad’s team of passionate ebike enthusiasts creates products and service solutions that are purpose-built for everything, whether for commuting, adventuring, delivery, or hauling kids. The ebikes and accessories are all designed in-house at its Seattle headquarters. The company serves riders across the U.S. and Canada, and has ten RadRetail locations and more than 650 service network partners. Recognized by TIME, Fast Company, and Inc. as one of the most innovative and influential companies in 2021, Rad Power Bikes is on a mission to build a world where transportation is energy-efficient, enjoyable, and accessible to all.

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