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One more thing, is it in any way possible to have some kind of regen system, so I could set the wheel down and have it spin the motor in reverse to recharge the batteries.
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Yes, but not with a series wound DC motor.
You'll need either an AC setup(inverters are expensive) or a seperately excited DC motor(affordable home-brew control systems are complicated).
Most EV enthusiasts don't even bother. Regen only extends range by 10-15% anyway.
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