8 Best Electric Bikes Under $500 [ 2022 Reviews ]

best electric bike under 500

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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. 

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:

Pros

cons

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:

Pros

cons

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:

Pros

cons

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:

Pros

cons

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:

Pros

cons

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:

Pros

cons

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:

Pros

cons

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:

Pros

cons

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 –

electric bikes under 500 dollars

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 – 

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 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 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. 

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.

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.

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.

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.

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5/5 - (2 votes)

2 thoughts on “8 Best Electric Bikes Under $500 [ 2022 Reviews ]”

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