Its $2,000, has a 250-Watt motor using 26-volts, its a ped-elec so you HAVE to pedal to get power, it doesn't have a rear suspension or front disc brakes...AND...for $2,000, it only goes 15 MPH !! and did I mention...ITS 2,000 freakin dollas !!
Ahhhh, yeah, pricing.
I have a Charger bicycle in my garage-- as a new bike it cost over $1500, pedelec, approx 350 watt motor, max speed of 20 miles/hr, no rear suspension, no disc brakes, etc, and brand new it cost $1500. I bought it for $800 or so because that bicycle company went out of business and Sam Wonderly bought up the remaining stock and has been selling them since.
I recall the Tidalforce bicycle also was over $1500 new. TF is also out of business. The most interesting coincidence about TF is that their former CEO was Gen. Wesley Clarke whom you might recall was a presidential candidate in 2004.
So the history lesson says that Giant is probably going to fail at selling this bicycle. Because in history expensive e-bicycles have failed.
Hmm, hard to predict the future. But I wonder about the pricing. I agree it's an eyepopping price but I've seen high end bicycles w/o motors that cost more than that. Soooo....?
BTW pedelec is a legal requirement in some locations. I recall Europe has a strict 250 watt limit for e-bicycles. And, having ridden a pedelec (my Charger bicycle), I do appreciate how the lack of a throttle makes it more like a bicycle. I don't think that makes either one better.