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Electric bikes are all the rage these days! The popularity of electric bikes started seeing its peak in the past decade, and the craze is just unstoppable! Many types of electric bikes can be used for different purposes. These include mountain biking, off-roading purposes, long commutes, beach riding, hunting, and many more!
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There is a common misconception that electric bikes are super costly, and this is far from the truth. Of course, there are high-end electric bikes that are quite an investment, but there is a large range that you as a buyer can go for. In this article, we are focusing only on electric bikes under $500 that gives a hell of a performance, making it easily affordable for those who are under a tight budget.
Best Electric Bikes Under $500 of 2022-
Since you don’t need or even want to spend your entire budget on an electric bike, you might need to consider one of the cheaper options. The best electric bikes under $500 can be affordable and we have selected some of the top options. You can use any of these bikes to make sure you get the best possible performance:
1. shaofu Folding Electric Bike
Shaofu has been making electric bikes for a while now, and if you are looking to buy one without breaking the bank, then this model with a 350-watt motor is the solution you have been looking for. With a practical foldable design made to make commuting easy and storage even easier, this electric bike features a smart dolphin-shaped frame made out of a strong and lightweight aluminium alloy.
Not only does it perform well, but it also looks great! This is a smart bike with features that will not make you regret the price you spend. With all the safety features intact, you must consider this electric bike if you love adventure, but also don’t want to spend a bomb.
Key Features:
- It has a 350-watt powerful brushless motor.
- It has a 36-volt lithium-ion battery.
- It has a maximum speed of 15.5 miles per hour.
- It has a maximum range of 12 to 13 miles on a single charge.
- The rear disc brakes are very highly responsive.
- The bike also supports the android and iOS app that comes along with it.
- It has a display on the handlebars, showing all the vital information one needs while riding.
Pros
- It has a stylish design and a strong build.
- The Bluetooth system allows you to plug your Android or iOS phone.
- It has a great lighting system and a loud horn, making it safe for riding on the streets.
- It can be folded up when not in use.
- It is lightweight.
- It is waterproof.
- The bike only takes 3 hours to charge up completely.
- It has a weight capacity of 265 pounds.
cons
- This is not suitable for big adults, rather a perfect choice for teens.
Final Verdict –
The bike is not only lightweight, but it has an efficient range that is all due to the quality of the battery included. The unit has a high-end feature of durability and due to the quality of the bike, you will get great value for your funds. We would highly recommend it as one of the top options on the market today.
2. SWAGTRON Swagcycle EB5 Series Aluminum Folding Ebike
The SWAGTRON Swagcycle EB5 Series Aluminum Folding Ebike is the ideal electric bike for teens and adults, this is a foldable electric bike that pushes your limits and gives you the added incentive to step out into nature. When you order this electric bike, you not only save money as this is a very reasonable bike to buy, but you also get to completely pre-assembled.
This means that you don’t have to spend any time trying to fix it up, once it arrives, you’re ready to go! Adjust the seat and the handlebars as per your requirement and take it out for a spin! A perfect blend of performance and aesthetics, this is an electric bike that does not disappoint. Its reasonable pricing also has helped it make its way to the best electric bikes under the $500 list.
Key Features:
- It has a 250-watt motor.
- This electric bike has a 36-volt lithium-ion battery.
- It has a 15.5-mile range on a single charge.
- It has a maximum speed of 15.5 miles per hour.
- It has 14-inch large front and rear tires.
- This bike offers IPX4 water resistance.
- You can ride this bike in pedal-assist mode or the throttle mode.
Pros
- The set and the handlebar can be adjusted as per the needs of the rider.
- It comes completely assembled.
- It is very easy to maintain and take care of.
- It is a foldable electric bike.
- The brakes are very responsive
- It is lightweight yet sturdy.
- It has a weight capacity of 264 pounds
cons
- It only offers one level of motor assistance.
Final Verdict –
The bike has many useful parts, including one of the most versatile and useful battery setups on the market today. You will reach decent speeds with this one. Additionally, it is mostly assembled, which removes the need for you to dabble with tools. We would recommend it for the quality of the features and the price.
3. ANCHEER 250W Adult Electric Mountain Bike
Another pioneering brand in the field of electric bikes, the ANCHEER 250W Adult Electric Mountain Bike has two models, one with a 250-watt motor and the other with a 500-watt motor. Here, we will discuss the 250-watt motor electric bike because it is the one that is under $500.
Well-known in the mountain biking community for its durable and rugged build, this is a bike that can be used for regular use in the city, but you can also take it for mountain biking purposes, making it quite versatile. Completely adjustable to the body of the rider, this is a great investment that you can make without causing too much damage to your wallet! For the price you pay, this bike is awesome.
Key Features:
- It has a 250-watt motor.
- It has a 36-volt battery that charges up quickly.
- It has a maximum speed of 15 miles per hour.
- It has a range of 15 miles.
- It has 21 different speed levels.
- It has a dual disc braking system.
- It has 3 modes of riding to choose from as per your convenience - use it like a normal bike, as an assisted bike or as an electric bike.
Pros
- It has a lightweight yet sturdy build.
- It has a load capacity of 330 pounds.
- It has 21 Shimano speed shifters.
- The bike can be adjusted as per your height.
- It has powerful lights for safe riding at night.
- It has large 26-inch wheels.
- It is a great bike for mountain biking purposes.
cons
- It is not a suitable bike for kids younger than the age of 16.
Final Verdict –
The bike is not the same as many of the other electric bikes and has a unique setup. It can be converted into three different riding modes, with one of them removing the battery. If you feel like you need a workout, but need some support, this could be the ideal bike for your needs.
4. Nakto 26″ 250W Cargo-Electric Bicycle
One of the best and most trusted electric bikes out there, the Nakto 250-watt does not mess around! It gives you the incredible performance you have always wanted from an electric bike. While this bike is mostly marketed as a product for women, there are no gender restrictions.
With a 6-geared system that offered different speeds so that you can control the riding experience, this electric bike has large 26-inch tires that make riding fun and also easier. The front fork of this bike is made out of high-strength carbon steel with a great shock absorbing system, giving you the smoothest ride you can imagine, even when the terrain becomes a bit too challenging.
Key Features:
- It has a 250-watt powerful brushless motor.
- It has a durable 36-volt lithium-ion battery that is also removable.
- It has a 6-speed Shimano transmission system.
- It can give you a maximum speed of 25 miles per hour in the ideal conditions.
- It has a range of 30 miles on a single charge.
- It has a great electric display showing you all the details you may need while riding.
- It has a front V brake and a rear expansion brake.
Pros
- It has large tires for comfortable riding.
- It has a great shock-absorbing system.
- The battery pack is removable.
- It is a lightweight electric bike.
- It comes with an attached baske for you to carry your stuff safely.
- It has a battery-saving mode.
- The seat post has a quick release feature.
- It has a maximum weight capacity of 250 pounds
cons
- It is not a foldable electric bike.
Final Verdict –
The bike does not mess around and gives you one of the fastest top speeds that will ensure you easily reach your destination. Due to having limited components that add weight, it is one of the best electric bikes under 500.
5. Swagtron Swagcycle EB-7 Elite Folding Electric Bike
The best and most popular selling point of the Swagtron Swagcycle EB-7 Elite Folding Electric Bike is that it can be used as a traditional regular bike or a high-power electric bike. Based on your requirement, the EB-7 can adapt accordingly. Suitable for teens as well as adults, this bike is made to be aesthetically pleasing to your eyes while also giving a great performance.
The powerful 350-watt brushless motor can reach a top speed of 18 miles per hour. With three riding modes, you get the power to choose how you want to ride this bike, making it one of our favorite electric bikes under $500.
Key Features:
- It has a 350-watt brushless motor.
- It has a removable 36-volt lithium-ion battery.
- This electric bike can reach a maximum speed of 18.6 miles per hour.
- It has an incredible range of 15.5 miles, once it has been charged fully.
- You can ride this bike as a throttle only bike, pedal-assist bike or a pedal only bike.
- It has a dual disc-braking system.
Pros
- It is a foldable electric bike.
- It is a durable bike, which is lightweight.
- It has a great shock absorbing system with an IPX4 rating.
- The brakes are very responsive.
- It only requires 3 to 4 hours to charge up fully.
- The removable feature of the battery makes it easy to swap out with another battery.
- It has superior quality headlights, horn and an LCD display.
cons
- It is not ideal for mountain biking, but more suitable for urban use.
Final Verdict –
The bike features a 350-watt brushless motor, which makes the motor more functional and the user does not have to implement the same amount of maintenance. It is a lightweight bike and the unit has some high-end features. Since it is one of the most reliable brands in the world of electric cyles, we highly recommend it.
6. Aceshin 26” Electric Mountain Bike
Built with a 100% aluminum alloy frame that is made to last for a long time, even for rough and tough use, the Aceshin 26” Electric Mountain Bike has 26-inch large tires that give you a safe and stable riding experience. The removable battery also allows you to keep a spare with you just in case you want to go for a long ride and don’t have any way of charging the bike.
The 250-watt motor allows you to reach great speeds that can compete with any regular mode of commuting as well. A great electric bike that is suitable for mountain biking purposes as well, we love it because you get a superior riding experience while not spending over $500! What’s not to love?
Key Features:
- It has a 250-watt high-power brushless motor.
- It has a 36-volt battery that can charge up in 4-6 hours.
- It has a top speed of 18.6 miles per hour.
- With assisted mode, it has a range of 31 miles, and in e-bike mode, it has a range of 15.5 miles.
- It has a 21-speed transmission system.
- It has a front and rear disc brain system.
- The pedals are very grippy and durable.
Pros
- It has a great range.
- The frame of the electric bike is very strong and sturdy.
- It has a removable battery that can be charged in just 4-6 hours.
- It has 3 different riding modes, giving you more control over the bike.
- It has a weight capacity of 220 pounds
- It has a bright LED headlight that makes it safe for riding at night.
- The bike comes with a loud horn.
- The handlebars are large and grippy, and the seat is comfortable and adjustable.
cons
- It is a bit too powerful for children to use. It is made for teens and adults.
Final Verdict –
The bike is made from solid components, which means that it has some of the most durable elements. However, it is lightweight and does not shy away from the competition. For the affordability of the bike, it will ensure that you get the best possible value for your money.
7. Speedrid 26 Electric Bike for Adults
The Speedrid 26 Electric Bike for Adults is an electric bike made to meet all the needs of a person who loves to explore, and also who wants to find a legitimate alternative to using a mode of transportation that is harmful to the environment. The bike is made from durable components and no matter which environment you take on, it should hold up.
With many speed options and a great braking mechanism, you will always be in control of this bike and can enjoy the process of reaching your destination, or even for recreational purposes. If you enjoy riding bikes but are looking for a budget-friendly electric bike, this is a great option you must consider.
Key Features:
- This electric bike features a rear hub motor of 250 watts.
- It has a 36-volt battery.
- It can reach a top speed of 17 miles per hour.
- In throttle mode, this bike has a range of 15 miles and 30 miles on pedal assist mode.
- It has a carbon-steel fork for great suspension.
- It has a dual disc braking system.
- This bike comes equipped with a 3-speed smart motor button
Pros
- It is suitable for tall riders as well.
- It is a budget-friendly electric bike.
- It can also be used as a regular bike and also a mountain bike.
- It has 21 Shimano speed shifters.
- The handlebars and seat post can be adjusted as per the riding requirements of the person.
- It has a high weight capacity of 330 pounds.
- It has a bright LED headlamp and a loud horn.
cons
- Not suitable for people under the height of 5 feet.
- It is not a foldable bike.
Final Verdict –
When it comes to the best electric bikes under 500, this is one of the top options for you to consider. It has large 26-inch wheels that make it possible to take on the best mountain bike trails and we would agree to it as a top option.
8. Emdaot 26” Electric Mountain Bike
With a frame made out of a high-grade aluminum alloy and carbon steel, it is difficult to find an electric bike that offers such a great performance under $500. The Emdaot electric bike is your perfect companion if you resonate a lot with your adventurous side.
Essentially a mountain bike is a versatile electric bike, allowing you to balance the mundane and the exciting parts of life. With 21 speed levels, you can easily use this bike to commute to your work, or just to break away from city life and explore the wilderness.
Key Features:
- This electric bike has a 250-watt powerful motor.
- The 36-volt battery is powerful and charges quickly.
- It offers a top speed of 15.5 miles per hour.
- It has a range of 34.5 miles on Pedal-Assist mode.
- It is made out of a lightweight aluminum alloy.
- It has front and rear disc brakes.
- It has 3 modes of riding - e-bike mode, pedal-assisted mode, and normal riding mode.
Pros
- This electric bike has a great shock-absorption system.
- It is lightweight yet very strong.
- It has a removable lithium battery.
- The handlebars have a great ergonomic design
- The seat post can be adjusted as per the convenience of the rider.
- The battery needs only 4-6 hours to charge completely.
- It has a weight capacity of 220 pounds.
- It is a great bike for mountain biking.
cons
- This is not a foldable electric bike.
Final Verdict –
The bike takes a page out of the book of many other electric bikes and will ensure that you have durability. However, the massive range is what sets it apart when you are in the assisted mode, it will be much easier to pedal.
Factors to Consider before buying Electric Bikes Under $500 –
Hopefully, you have seen some of the top options and you might be ready to buy the perfect electric bike for your needs. However, there are a couple of important features that one also needs to consider. Here are some of these important features. We also used them to help identify some of the top electric bikes under 500.
Types of electric bikes –
There are a variety of electric bikes you can go for, some of them being –
- Mountain bikes
- E-gravel bikes
- Hunting bikes
- e-MTB bikes
- Foldable electric bikes
There are many more types of electric bikes, but all of them have one thing in common – they are completely environment friendly.
- The Motor Of The Electric Bike
The motor of the electric bike is the most important component. It is responsible for the bike speeding and accelerating. If the motor is weak, then the rate of acceleration will be quite slow. We suggest you go for a bike with a motor power of 250 watts and up.
- The Battery Of The Electric Bike
The better the battery life of the bike is, the longer you can ride it. The power of the battery determines how many miles you can ride it for on a single charge.
- The Modes Of Riding Offered By The Electric Bike
Each electric bike has varying levels of speed or riding modes, but the minimum modes any great electric bike must have are the throttle mode (e-bike mode), an assisted riding mode, and a normal bike mode. These three modes will help you navigate and control the bike better. Added to these, there can also be gears to improve your riding experience.
- The Weight Capacity
This entirely depends on the weight of the rider, but as a rule of thumb, go for a bike with a minimum weight capacity of 220 pounds. Anything more than that is a great addition.
- The Quality Of The Build Of The Bike
If you are looking for a bike that you can ride for a long time to come, then inspecting the materials used for making the bike is very important. Make sure that the frame is either made out of a sturdy aluminum alloy or high-grade carbon steel. These two materials are ideal for bikes.
- Additional Features
These features make the electric bike safer and elevate your riding experience. These include bright headlights and taillights, a loud and audible horn, a strong stand, a carrier or basket for you to keep your bags and belongings, and a clear LCD on the handlebars.
Frequently Asked Questions (FAQ’s)
While the bikes and the features might make it easier for you to find the right bike, many people have a couple of questions. We have done some additional research and this will make it possible for you to answer some of the questions. Here are some of the most common questions that we have come across on the internet:
No, not all electric bikes are expensive. Some electric bikes are well suited for people under a budget as well.
In most countries, electric bikes are street-legal. We suggest that you check about the legal aspects of riding an electric bike before you go ahead and make the purchase.
Yes, electric bikes do not emit any carbon emissions, making them 100% eco-friendly.
Final Verdict
We love the versatility of electric bikes because they can be used for a myriad of purposes. Be it for commuting to work, or just as a fun activity, an electric bike has got you covered.
There is often a strong misconception that electric bikes are quite expensive, but all the bikes mentioned in this article are less than $500, and all of them have great reviews from people who have them. Make sure to check these bikes out before you make a final decision.
“Valuable info. Lucky me I discovered your website by chance, and I am stunned why this coincidence didn’t happen earlier! I bookmarked it.
Amazing how all of these bikes are now over $600 thanks to the gas prices I’m assuming.