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I like this idea.
What I don't like is 3-4 hundred pounds of battery.
Assuming you have decent regen capability, this could work well in city traffic...IF you don't have huge battery weight.
I guess a Li-Ion pack would pretty much take it out of the low cost category. Perhaps you could use smaller SLA 12 volt batteries. I use a 12V 7aH battery for my bike light. A bank of 8 of these would be around 70 lbs. Don't know if it would provide enough power though.
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