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Decentralised digital money, Bitcoin’s value mostly comes from the exchanges where it is traded. However, there are other factors at play that might push the value of Bitcoin to new heights and then bring it down at the same time.

Since its conception in 2009, Bitcoin’s value has increased precipitously. Since its inception, the value of one bitcoin has fluctuated between zero and one-hundred-thousandth of one cent, but it has now reached a current value of roughly $37,000.

One Bitcoin’s price decreased to $4,000 or less on certain markets in March 2023. Massive government stimulus initiatives and increased adoption by enterprises and huge institutional investors accelerated the price’s rise to over $40,000 in less than a year.

Factors that Influence the Price of Bitcoin

“How is Bitcoin’s price determined?” is a question that can’t be answered straightforwardly. In contrast to commodities like oil or gold, Bitcoin does not have a single price due to its decentralisation.

Bitcoin is a decentralised digital commodity that has enabled it to find a price mostly set by the total of buy and sell orders across different exchanges.

Bitcoin is traded on a variety of exchanges at any one time. To arrive at a price, buyers and sellers must agree on a price at which deals will be settled. Bitcoin’s price is set by “the market,” as the saying goes.

A single value may be derived using indexing services such as Coindesk, Coinmarketcap, Messari, and others, which collect data from various sources and estimate an average.

However, several external variables might affect the price people are prepared to pay for the currency. To answer the question, “How is Bitcoin valued?” the following factors might be considered:

Sentiment

 Any asset’s current and future price movement may influence the overall market mood. The cycle of this tends to repeat itself. The market mood is also an indicator that traders consider before deciding on their crypto holdings.

By engaging in the wide array of reliable information published on trusted platforms and services like Binance, Kraken, and Bitcoin Loophole, new and experienced traders alike can attempt to understand the nitty-gritty of the crypto industry better altogether.

When more and more individuals get progressively positive about something, the price rises until everyone believes it will never go down again. Things begin to alter at that moment, and people’s moods move in the other direction. When the general public believes that prices will never rise again, it is a sign that the market has reached a low point.

Because of this, CNN maintains a “Fear and Greed Index.” The index uses seven broad indices to evaluate mood in the financial markets at large. Stock volatility, call-to-put ratios, and the ratio of stocks hitting new highs to stocks making new lows are some of the metrics used by these indicators.

The price of Bitcoin tends to rise when news of increased acceptance or new money enters the asset class. As you can see from the samples below, the price of Bitcoin has performed well in 2023 and 2023.

Amount of Money on Hand

According to some, the expansion of the money supply is the most important element influencing Bitcoin’s price. Whenever central banks issue additional money, the price of Bitcoin tends to climb roughly to the quantity of new currency generated.

This is a component of Bitcoin’s supply-and-demand equation. An ever-shrinking amount of bitcoin is being chased by an ever-growing number of dollars. As the fiat money supply increases, the bitcoin supply decreases by half every four years (a process known as Bitcoin halving).

The Network Effect

 Some argue that Bitcoin’s fundamental worth is found in its network. The number of Bitcoin users, in other words:

Social media networks might serve as a good comparison. When it comes to social networks, we look at how many people use them and how engaged they are. At least half of Instagram’s users check in daily, which rivals Facebook’s overall user base and engagement. For the most part, this is why people believe that these networks are worthwhile.

As long as more people use Bitcoin, the value of the digital currency might rise as more individuals buy it, keep it, and use it. A positive feedback loop might form as the price of Bitcoin climbs.

Final thoughts

No one factor can be identified as the primary influencer on the price of Bitcoin. While news and mood may be found in the financial sector, elements like mining and the network effect are exclusive to cryptocurrencies.

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Midjourney Cost: Price, Membership & Value

You have probably seen some amazing AI-generated images and are wondering how much does Midjourney cost?

Midjourney costs between $10 to $60 per month, depending on which plan you need. There is also a free trial which is good for 25 image generations.

April 2023 Update: Midjourney’s Free Trial is currently on hold

Source: Midjourney Discord

In this post, we will cover the price of Midjourney, what you get from a paid plan, and whether it’s worth the value.

Midjourney subscription plans

If you are new to Midjourney and want to continue using it after your free trial, we recommend the Basic Plan.

It’s $10 per month and comes with 3.3 fast hours per month. Each fast hour is good for roughly 60 image generations, so the Basic Plan is capable of generating about 200 images before you run out.

If you exhaust your Basic Plan, we recommend checking out the Standard Plan at $30 per month. This version comes with 15 fast hours and, more importantly, provides access to relax mode.

Midjourney relax mode allows you to generate an unlimited amount of images. The only catch is that you must wait for an available GPU, which can take anywhere from 0-10 minutes.

The Pro Plan comes with more fast hours, but it also introduces stealth mode.

Midjourney stealth mode is a feature that hides your generated images from the public Midjourney community website. This is great if you are working on a sensitive project for a client or employer and want to remain anonymous.

Overall, we find that the Basic Plan is enough for most users because it offers a great introduction to Midjourney and provides enough credits to experiment with the app.

Based on the current pricing, the price per image is 3 to 5 cents.

The price per high-quality image is 6 to 10 cents since these generations consume twice the amount of fast hours.

We calculated this figure based on the assumption that one fast hour yields 60 images.

This does not consider relax hours that come with the Standard and Pro plans. Factoring in relax hours would drastically lower the price per image to fractions of a penny.

For fun, we also calculated the value of the free trial, which comes to about $1.20 based on the 0.4 fast hours it comes with.

Yes, some Midjourney paid plans offer unlimited access to image generation via relax mode. This feature uses relax hours, which provides unmetered access to Midjourney image generation.

Midjourney relax mode feature

This option is perfect for anyone who wants to maximize their experimentation with the platform.

The beauty of relax mode is that you can write several prompts and place them in a queue for Midjourney to process when computing resources become available.

With relax mode, Midjourney’s Standard Plan offers unlimited image generations.

This makes Midjourney cost less per image than paid alternatives like Dall-E.

April 2023 Update: Midjourney’s Free Trial is currently on hold

If you’re on a budget, you’re probably wondering if it is possible to avoid paying for Midjourney.

Midjourney is still free through a trial account, and there are a couple of ways to save money with the paid plans.

The best method for using Midjourney for free is to create a free trial account.

Some users on Reddit have reported creating new trial accounts each time they exhaust their 25 free images.

Note: It’s against Midjourney terms and conditions for a user to have more than one account

This sounds pretty tedious to us, but if you’re looking to save a buck and are willing to trade some of your time, this might be the best option.

There is another method that is not free but can help save you money on your Midjourney subscription.

It involves rating Midjourney images in Discord.

Every day, Midjourney gives one free fast hour (about 60 image generations) to the top 1,000 users who rated the most images that day.

Midjourney image rating for free fast hours

Our personal experience and several self-reports we found online suggest you need to rate more than 50 images to be eligible for this reward.

Keep in mind that as Midjourney becomes more popular, this figure will likely increase as well.

Additionally, you could look into Midjourney alternatives.

Stable Diffusion models are available to the public for free.

While these models are less polished than Midjourney out of the box, there are several open-source projects organized around training models for specific purposes like anime, photography, or faces.

We plan to cover more of these options in the future.

Yes, we find that Midjourney is the most accessible and easy-to-use AI image-generation tool available today.

It offers the most polished images without users needing to use complicated prompts or train their own models.

The paid plans offer tremendous value considering you are able to generate literally anything within the realm of imagination, apart from NSFW content.

We suggest trying out the free trial and upgrading to a Basic plan depending on how often you use Midjourney.

For us, Midjourney has replaced stock images on several of our projects outside of Approachable AI.

Sample image generation from Midjourney

We have found it much easier to simply type what we are looking for in a prompt than to spend time looking for a royalty-free image online.

When you compare a Midjourney subscription to Shutterstock, Midjourney is significantly cheaper per image.

Factor in the complete control you have over the outputs, and it’s a no-brainer to use Midjourney or alternative AI image-generation tools.

You currently must have a Discord account in order to use Midjourney.

The easiest way to use Midjourney is to start a direct message with the Midjourney bot.

Midjourney bot DM

This is much better than using one of the beginner channels because you do not see the image generations of other users.

In the future, Midjourney may offer API access similar to other AI companies like OpenAI.

However, in the meantime, we will closely monitor any developments that make AI apps like Midjourney easier to use for non-technical users.

Anyone over the age of 13 is eligible to create a Midjourney account.

Apart from that, Midjourney has a simple code of conduct for its platform.

Having said that, Discord is an open platform, so you may encounter users who say offensive things or generate offensive content.

If this might be an issue for you, we recommend using Midjourney exclusively through direct messaging the Midjourney bot, as we explained earlier.

Whatever plan you decide to use, we hope you have as much fun on Midjourney as we are!

New Zealand May Be The First Country To Carbon Price Cow Farts

Right now, there are 68 carbon pricing initiatives implemented around the world, according to the World Bank. Carbon pricing schemes apply a financial cost to greenhouse gas (GHG) emissions to try and shift the burden of environmental impact to those responsible for it and who are in a position to reduce it. The goal is to bring down GHG emissions by taxing the carbon content of fossil fuels and creating a supply and demand for emissions allowances.

However, New Zealand is taking carbon pricing to a whole new ballpark—the ranch.

Last week, the New Zealand government announced its plans to impose a farm-level levy on farmers for their livestock’s emissions—the first of its kind around the globe—to meet climate targets. Taxing animal agriculture, which contributes about 14.5 to 16.5 percent to global GHG emissions, can be important in transitioning to a low-emissions future. 

Although the levy is far from being implemented, it’s essential to explore how feasible it is to impose and how it would affect farmers, animals, and food. 

Reduce emissions from animal agriculture to meet climate goals

Methane, nitrous oxide, and carbon dioxide are responsible for more than half of New Zealand’s gross emissions. Livestock supply chains generally emit these through four pathways: enteric fermentation or the digestive process of ruminants that produce methane as a byproduct, feed production, manure management, and energy consumption.

Livestock burps, urine, and manure are significant methane and nitrous oxide sources. These two greenhouse gasses are about 25 and 300 times more potent than carbon dioxide at warming the atmosphere. Feed production is also a big factor because the expansion of feed crops and pastures into natural areas emits carbon dioxide. At the same time, the use of manure and nitrogen fertilizers results in nitrous oxide emissions.

The goal is to set this farm-level pricing system in motion by 2025 to incentivize farmers to minimize their emissions. The revenue will be invested back into the agriculture sector by funding research and technology that may reduce emissions further.

[Related: Putting cows on a seaweed diet helps curb their methane burps.]

“[Livestock emissions] are currently not priced in the market, and when we buy beef, the climate impacts and environmental costs to society are not reflected in the price,” says Greg Keoleian, director of the Center for Sustainable Systems at the University of Michigan’s School for Environment and Sustainability. “The proposed tax on livestock in New Zealand is a mechanism to internalize that cost and avoid the further expenditures related to climate change impacts.”

There are various emissions reduction strategies that farmers can adopt across the livestock supply chain. For instance, increasing reproductive efficiency (like by reducing the interval between parities) may be beneficial because a more efficient animal retains more dietary nitrogen protein. Therefore there will be less nitrogen in their urine and manure. Improved fertility in dairy cattle can reduce methane emissions by 10 to 24 percent and nitrous oxide by 9 to 17 percent.

That said, enhancing productivity or efficiency must be carefully measured and controlled because it may harm animal health and welfare. More reproductive pressure can increase the metabolic demands associated with pregnancy, potentially resulting in a higher risk of metabolic diseases like clinical hypocalcemia and ketosis, reduced immune function, and reduced subsequent fertility.

Changing livestock’s diet—like adding fatty acids, seaweed, or maize and barley—may also reduce emissions from enteric fermentation. Regularly scraping manure and transporting it to an outside storage facility for pigs and cattle production systems can reduce methane and nitrous oxide emissions by 55 and 41 percent, respectively.

“This program is positioning the agriculture industry in New Zealand to become leaders in reducing methane and carbon dioxide emissions from livestock production,” says Keoleian. “Certifications and labeling could be used to differentiate their farm products in the marketplace for green consumers willing to pay more for lower carbon footprint meat.”

Levy on farmers might not necessarily be the magic bullet to reducing emissions

Although the levy proposal aims to reduce GHG emissions, it isn’t as straightforward as it seems. 

“There is no doubt the food system in general and ruminant production in particular needs to reduce its carbon footprint,” says Ermias Kebreab, director of the UC Davis World Food Center. “However, the burden needs to be shared by society and not just farmers that are already operating on small margins.”

Sam McIvor and Andrew Morrison, CEO, and Chairman of Beef + Lamb New Zealand, respectively, emailed farmers last week and said, “we will not accept a system that disproportionately puts our farmers and communities at risk.” The Federated Farmers of New Zealand also expressed disappointment with the government’s proposal.

There is potential for emission leakage if livestock production is displaced to areas with little regulation, says Kebreab. Emission leakage refers to the increase in emissions of a region with weaker environmental regulations due to another region’s strengthening of its environmental policies because the production just relocated to unregulated jurisdictions.

[Related: The inconvenient truth about Burger King’s ‘reduced methane’ Whopper.]

In addition, the policy might encourage some farmers towards less carbon-intensive livestock, such as pigs instead of beef cattle, which can pose a problem from an international perspective regarding beef supply, says Keoleian. “Setting the policy is complex because of how it could impact small versus large producers, trade implications, and how consumers respond, which ultimately drives production and livestock emissions,” he adds.

Regarding regulation, Kebreab prefers the ‘carrot’ over the ‘stick’ approach, which means rewarding positive behavior instead of having the threat of punishment. And research shows this might be a better strategy for newer policies. According to a 2023 Scientific Reports study, positive incentives or rewards are necessary to foster cooperation in collective action for the public good—like international climate change mitigation—while negative incentives like sanctions are more effective for maintaining cooperation after it has been initiated.

Kebreab believes it is a bit too early to implement such a levy on farmers today and suggests setting the goal low and ramping it up later as more technologies and emission reduction strategies become available or adopted by farmers.

For now, the proposal is currently going through a consultation process to get feedback and work through the transition assistance, levy setting, and sequestration. This farm-level emissions pricing system will likely take a while and a bit of refining before being implemented.

Enterprise Value Vs Equity Value

Enterprise Value vs Equity Value

Differences between enterprise value (firm value) and equity value

Written by

CFI Team

Published February 26, 2023

Updated July 7, 2023

Overview of Enterprise Value vs. Equity Value

In this guide, we outline the difference between the enterprise value of a business and the equity value of a business. Simply put, the enterprise value is the entire value of the business, without giving consideration to its capital structure, and equity value is the total value of a business that is attributable to the shareholders. Learn all about Enterprise Value vs Equity Value.

To learn more, watch our video explanation below:



Enterprise value

The enterprise value (which can also be called firm value or asset value) is the total value of the assets of the business (excluding cash).

When you value a business using unlevered free cash flow in a DCF model, you are calculating the firm’s enterprise value.

If you already know the firm’s equity value, as well as its total debt and cash balances, you can use them to calculate enterprise value.

Enterprise value formula

If equity, debt, and cash are known, then you can calculate enterprise value as follows:

EV = (share price x # of shares) + total debt – cash

Where EV equals Enterprise Value. Note: If a business has a minority interest, that must be added to the EV as well. Learn more about minority interest in enterprise value calculations.

or

Calculate the Net Present Value of all Free Cash Flow to the Firm (FCFF) in a DCF Model to arrive at Enterprise Value.

Equity value

The equity value (or net asset value) is the value that remains for the shareholders after any debts have been paid off.  When you value a company using levered free cash flow in a DCF model, you are determining the company’s equity value. If you know the enterprise value and have the total amount of debt and cash at the firm, you can calculate the equity value as shown below.

Equity value formula

If enterprise value, debt, and cash are all known, then you can calculate equity value as follows:

Equity value = Enterprise Value – total debt + cash

Or

Equity value = # of shares x share price

Use in valuation

Enterprise value is more commonly used in valuation techniques as it makes companies more comparable by removing their capital structure from the equation.

Example comparison

In the illustration below, you will see an example of enterprise value vs equity value.  We take two companies that have the same asset value and show what happens to their equity value as we change their capital structures.

As shown above, if two companies have the same enterprise value (asset value, net of cash), they do not necessarily have the same equity value. Firm #2 financed its assets mostly with debt and, therefore, has a much smaller equity value.

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Enterprise Value vs Equity Value Calculator Template

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Financial modeling applications

When building financial models, it’s important to know the differences between levered and unlevered free cash flow (or Free Cash Flow to the Firm vs. Free Cash Flow to Equity), and whether you are deriving the equity value of a firm or the enterprise value of a firm.

Learn more:

House analogy

One of the easiest ways to explain enterprise value versus equity value is with the analogy of a house.  The value of the property plus the house is the enterprise value.  The value after deducting your mortgage is the equity value.

Imagine the following example:

Value of house (building): $500,000

Value of property (land): $1,000,000

Box of cash in the basement: $50,000

Mortgage: $750,000

What is the enterprise value?

$1,500,0000. (Value of house plus value of property equals the enterprise value)

What is the equity value?

$800,000. (Value of the house, plus value of the property, plus value of the cash, less the value of the mortgage)

Here is an illustration of the house example with some different numbers. Each of the three houses below has a different financing structure, yet the value of the assets (the enterprise) remains the same.

The above example and screenshot are taken from CFI’s Free Intro to Corporate Finance Course.

More about enterprise value vs equity value

We hope this article has been a helpful guide on enterprise value versus equity value. To learn more, please check out our free introduction to corporate finance course for a video-based explanation of enterprise value versus equity value.

Huawei Mate 20 Pro First Impressions: More Than What Meets The Eye

We’re almost at the end of 2023, and the most important phones of the year have already been launched. Honestly, not a lot of phones managed to piqué my interest this year, so I wasn’t expecting anything spectacular to drop out of the blue. But that’s exactly when Huawei announced it’s bringing the Mate 20 Pro to India. 

Now that the Mate 20 Pro has been launched in India for Rs 69,990, here are my first impressions of the phone. In short, there’s a lot more to it than what meets the eye when you first see the Mate 20 Pro. And here’s why:

Huawei Mate 20 Pro Specs

DCI-P3 HDR support

SoCKirin 980 SoC (4 x Cortex-A76 at 2.6 GHz + 4 x Cortex-A55 at 1.8 GHz)

GPU Mali-G76 GPU

RAM6 GB

Storage128 GB + Nano Memory Card support

Primary CameraTriple Rear Cameras (40MP f/1.8+ 20MP f/2.2 + 8MP f/2.4)

Rear Camera24MP Front Camera

Battery4,200 mAh with 40W Huawei SuperCharge support

ConnectivityUSB Type-C, NFC, No headphone jack

Design & Build

Before I give you my two cents on the design and build quality of the Huawei Mate 20 Pro, let me get this straight – it is one of the most beautiful smartphones ever! Yes, I’ve used the phone long enough to draw that conclusion. Every time I pick up the device, I am impressed all over again, which is something that I can’t say for any other phone that have launched this year.

That, however, doesn’t change the fact that it feels like a Samsung flagship phone in hand. The Mate 20 Pro has a glass-sandwich design with aluminum sides. And guess what? The glass, both on the front and the back, is curved. So, it almost feels like you’re holding a Galaxy S9+. Heck, it even looks like one. In fact, I’ve had a few people asking me if it was the Galaxy S9+ with a notch? But I’d like point out that the Mate 20 Pro feels both, slimmer and lighter, although that’s not necessarily the case when you look at the specs sheet.

Every time I pick up the Mate 20 Pro, I am impressed all over again!

The Mate 20 Pro has a 6.39-inch FullView display, which also has an in-display fingerprint scanner. Just like the P20 Pro that launched earlier this year, the Mate 20 Pro has a notch. It is, in fact, wider this time around, but I am not complaining as it houses dedicated Facial Recognition hardware for a secure operation, complete with a Dot Projector, Flood Illuminator, and all that good stuff.

Both the in-display fingerprint scanner and the facial recognition hardware seem to work fine, but I’ll definitely be testing in some challenging situations for the full review.

The Mate 20 Pro has IP68 rating for dust and water resistance, and it supports fast-wireless charging. Heck, you can even use the Mate 20 Pro to charge any Qi-compatible devices, thanks to the gimmicky yet super impressive reverse wireless charging.

Lastly, I’d like to talk about the speaker situation on this phone because, as you can see, there are no visible speaker grills. Well, that’s because the sound comes out of the USB Type-C port and the earpiece at the top.

Display

The protective Gorilla Glass on top of the display is very reflective, and the panel doesn’t get as bright as I’d like, so I did have some trouble while using it in direct sunlight. It’s an OLED panel, so it shows vibrant colors and deep blacks, which is exactly how I like displays.

Camera

What often separates the top-tier phones from the rest are the cameras. Well, the Huawei Mate 20 Pro has three of them. The setup includes a 40MP Wide Angle 27mm, f/1.8 shooter, a 20MP Ultra Wide Angle 16mm, f/2.2 lens, and an 8MP 80mm 3x Telephoto f/2.4 lens with OIS. On the front, there’s a 24MP f/2.0 camera.

Having used the P20 Pro, I had a lot of expectations from the cameras of the Mate 20 Pro. I have a lot to say about the cameras, but I’ll reserve my judgment for the full review with a detailed round up. For now though, let’s just say that the photos are aesthetically pleasing and look good on the phone’s screen. Needless to say, they’ll suffice your Instagram needs. Here, check out some samples yourself:

Huawei Mate 20 Pro Camera Samples: Daylight Huawei Mate 20 Pro Camera Samples: Night Mode Huawei Mate 20 Pro Camera Samples: Aperture Mode Hardware & Software

The Mate 20 Pro is one of the first phones with the 7nm Kirin 980 SoC. Much like Apple’s new A12 Bionic chip, Huawei has improved both the CPU/ GPU and AI performance. I haven’t had the chance to push the chipset to its limit yet, both I can say that it is as fast as any other recent Android flagship out there.

Thanks to the GPU Turbo technology, I had a pleasant experience during my casual gaming experience playing some titles like PUBG Mobile, Asphalt 9, etc. It packs 6GB of RAM and 128GB of internal storage, so you can load it with a ton of apps and games, and not worry about any performance issues.

The Mate 20 Pro also has an enormous battery. Inside the lithe body, there’s a 4,200 mAh battery that’s running the show. Thanks to SuperCharge 2.0, the battery charges wickedly fast. It’s almost funny when I think about the fact that Huawei ships a superfast charger inside the box, whereas Apple wants to extort more money for a charger that’s not even in the same ballpark as this fast-charging technology.

Huawei Mate 20 Pro Price and Availability

The Huawei Mate 20 Pro will go on sale in India starting December 3. It carries a starting price of Rs. 69,990, and it will be exclusively available on Amazon India.

Now, that’s a hefty price tag for a smartphone that’s trying to compete with big boys in a highly saturated market. So, it it worth the asking price? Well, I’ll be putting the Mate 20 Pro through its paces in the next few days, and I think I’ll be able to answer that question for you in my full review.

I Rode An Electric Motorcycle For The First Time. Here’s What I Learned.

The Zero FX electric motorcycle is an exciting machine with a top speed of 85 miles per hour and enough acceleration to frighten yourself if you twist aggressively enough on the throttle.

But as a relative beginner to the motorcycle world, I didn’t ride it anywhere near its maximum speed when I had the chance to check it out for about a week in November. I’d never driven an electric motorcycle before, and a sense of curiosity coupled with pandemic-induced boredom urged me to try it out for rides in Manhattan (while another, very present feeling of caution urged me to do so carefully).

I’m not the only one hopping on a two-wheeler these days: Sales of new motorcycles and scooters are up by about 10 percent in the third quarter of this year, according to the Motorcycle Industry Council. That bump is a smaller version of a large surge in bicycle sales.

If you’re curious about climbing onto one—whether as an alternative to public transportation during COVID, for fun, or some combination of those reasons and others—here’s what I learned as a beginner on a fancy new electric motorcycle.

The Zero FX

A standard-issue gas-powered motorcycle requires that its rider shift gears by pulling in the clutch with your left hand and changing gears with your left foot.

But an electric motorcycle strips away that requirement. Because you don’t need to shift, operating it is a cognitively easier task for a beginner like me. The Zero FX I rode, like other electric bikes, is operated simply by rolling on the throttle in your right hand. The rear and front brake controls are in their usual spots—engaged using your right foot, and right hand, respectively.

Because you don’t need to shift, accelerating is an easy, linear experience—twist that throttle and zoom forward. That allows you to zip away from any cars that you think might be encroaching into your space, but it also means that you can scare yourself if you twist it too much. Also, it’s very quiet—it makes a whirring sound when you drive it, and when you’re sitting still with it turned on, it’s completely silent. It’s wise to stay ready with the horn to warn others that you’re there. The common motorcyclist phrase “loud pipes save lives” doesn’t apply here.

The bike was taller than I initially felt comfortable with—the seat height is 34.7 inches—and when I was on it, I could only touch the ground with my toes; its height made swinging a leg over it harder than I expected, and backing it into a parking spot was also a little challenging. But I found that my initial intimidation with the machine faded as I rode it around my neighborhood, and the fact that it felt maneuverable and easy to swerve around with helped me become more comfortable on it.

The Zero FX ZF7.2 starts at $11,295. Zero Motorcycles

If you’re thinking of buying an electric motorcycle, here’s what to keep in mind: You’re obviously going to need to charge it. If you have a garage or other easy way to park and plug it in, that’s a simple problem to solve. If you live in a city—and the Zero FX felt great for cruising around one—then you’re going to need to think carefully. I live in an apartment building and parked the bike on the street, so had no way to recharge, meaning that I had to rely on what was already in the battery for the time I borrowed it. While the model I was using has an integrated battery, the same bike comes with a modular configuration. That means you can remove the battery to bring it inside and then charge it—but it weighs 42 pounds. That’s rough if you live in a walk-up.

Bottom line if you’re thinking about an electric motorcycle: It’s a great option for a beginner, because you don’t need to worry about shifting, and it can be a great way to commute or run errands around the city or suburbs, too. The range on the model I had was 91 miles, making short trips easily accomplished for days on end between charges, but of course you’re not going to easily take it on a road trip. Plus, the starting price is steep: $11,295 for the non-modular version. And beyond the Zero offerings, another famous electric motorcycle comes from a classic brand: Harley Davidson’s LiveWire, which begins as $29,799.

Keep in mind, though, that starter internal-combustion motorcycles are so much cheaper—they might cost you somewhere around $4,000 (like for a Honda Monkey) or $4,600 (for a Honda Rebel) or more, depending on what you want.

Getting started

Of course, a dual-sport electric motorcycle is just one option out of a myriad of two-wheelers out there, and they come in different types: The basic categories include standard motorcycles, sport bikes, dirt bikes, and others.

Riders should follow the ATGATT protocol when on the bike: Wear “all the gear, all the time.” Roselle Chen

“Unlike cars, motorcycles are very individualistic,” Yu says. Besides the issues of ergonomics, what you need it for, and the relatively new electric-vs-gasoline question, there’s also a question of style and even the culture of where you live. That individualistic nature is “kinda the joy of it,” she says. That differentiates buying a bike from purchasing a simple car like a Toyota Corolla or Subaru Forester—you’re thinking more about comfort, capability, and image than you do with a four-wheel vehicle.

Last but definitely not least, she recommends taking a safety class, which can pave the way for getting your license. A good place to look for those is through the Motorcycle Safety Foundation or the website for your state DMV. I took a basic class twice, so had plenty of time to learn in the relative safety of a small parking lot in Queens, New York. Those experiences helped me feel comfortable with the basics of operating a standard motorcycle like a Suzuki, but also jumping onto that zippy Zero when I had the chance.

Last month I had the chance to check out an electric motorcycle from Zero. Here’s a look at what it’s like to cruise around the block on it. (Note! Both the video and audio have been sped up more than twice as fast.) chúng tôi Rob Verger (@robverger) December 9, 2023

This story was originally published on December 9, 2023.

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