Yep! Although to make it less confusing the "continuous" power level is usually the rated power of the motor, rated power is how much power the motor can take before it will eventually overheat. The "peak" power is often what most manufactures reference because that's the max power the controller will pull. When riding even at full power you likely will not pull the full wattage for an extended period of time due to the environment so its fine to run more than the rated power of the motor, but most will have temp sensors that will lower power down to the continuous if you do, like say on a big long hill on a hot day. With how the law is it considers the "continuous" power rating of the motor, not the peak. Legally peaking in most states they limit motor rated power to 750 (they don't care about peak) so you can legally have a 750w rated motor (which looks like what this bike has and lines up with being legal) and have the power peak at say 3000w and still be legal, you just have to watch the temps closely or you can overheat the motor.