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Electric bikes have been the most wanted transportation for everyone from teenagers to adult as they are not only an efficient way to commuting but are also environmentally friendly, easy to maintain, and affordable. These bikes are taking over the regular bikes as they are more efficient in climbing, are wind resistance, and offer better range. Besides these amazing features, these bikes are cost-efficient, offers numerous health benefits, and are eco-friendly.

If you are looking for an electric bike that fit your budget while meeting all your needs it is important not to compromise quality and functionality over price.

Here we have gathered the most amazing, high-end electric bikes that will not by any chance be heavy on your budget. It can be overwhelming looking at all the variety that is available in the market and distracting opinions but let it not consume you.

Look into these important factors that you must consider before buying an electric bike.

Things to consider before buying: 

Type of field 

It is important to know that different bikes are made for different purposes. Different bikes are made to work on different grounds.

To start off easier, the most important factor is to choose the bike as per the purpose. You cannot expect one bike to do everything for you, for instance, you cannot take cruiser bike on a mountain ride. To get the most out of your bike it is important to go for the one that perfectly fits your type of field, such as;

  • Electric cruiser bikes
  • Road/commuter bikes
  • Cargo bikes
  • Electric mountain bikes
  • Folding bikes
  • Electric fat bike

It is better not to stress out your bike for the trips it is not meant for as it will cause damage to the bike and it may not last long.

Drive:

Electric bikes are categorized in basic types;

  • Automatic: These are fully automatic electric bikes you just need to crank the throttle and away you go. Automatic E-bikes needs to be accelerated in the middle to increase the traction. The more you pedal, the less you run out of juice in the battery on the go. It gives you the speed of 25km/h, which means the motor automatically switches off once you reach the speed.
  • Pedal assisted: These bikes, as the name specifies, requires pedal assistance to get the motor started.  

Motor mount:

Motor mount matters a lot when it comes to electric bike as they help in determining the speed on various tracks.

There are two main types when it comes to motor mounting that are;

  • Hub motor-assist: This type of bikes has their motor mounted in one of the wheels. Hub motors are quieter than the crank motor but they are not made for hills.
  • Crank motor-assist The bikes with the motor mounted at the crank and pedal, at the bottom of the frame.

Battery timing:

As you will be relying on electricity as your only source of power, you need to make sure that the bike you are buying packs a lot of juice. Furthermore, the type of battery should also be taken into consideration. But you need not worry too much about that as lithium-ion batteries have taken over and you will probably see lithium-ion battery in almost every electrical bike. It is extremely important to get a bike with quality batteries as these batteries degrade as they age. Let’s do the math here. A lithium-ion battery has about 800 full charge cycles which equate to about three years of usage. Considering this you should get a bike that provides at least two years of battery warranty. Also considering the charging time as well. These bikes can have a full charge in about 2 to 6 hours depending on the battery capacity and manufacturer.

Range:

This is one of the most important things you should keep in mind. Without power, your bike is – well, just a bike. Before buying a bike, do consider how much it can travel in one charge. If you have set your target to commute 30 km daily, then you don’t need a high powered bike that covers 80 km. Similarly, if you are doing some long trips, it will not be wise to cut down on battery. We will always recommend going to a higher range. You never know when you are going to need that juice.

ImageNameFeaturesRatingPrice
SWAGTRON Swagcycle EB5 Series Aluminum Folding Ebike☞ Comes pre-assembled
☞ Adjustable seat height and handlebar
☞ 14-inch wheels
4.0/5
Yiilove Electric Bicycle☞ Premium quality Alluminum alloy frame
☞ High-quality carbon steel front frame
☞ Front frame shock absorption
4.4/5
ANCHEER Folding Electric Bike Ebike☞ Lightweight aluminium frame
☞ Full disk brakes in front and rear
☞ High carbon steel front fork
3.6/5
ANCHEER Folding Electric Commuter Bike☞ Removable 36v Lithium-Ion 8Ah battery
☞ 15 to 30 miles range on a single charge
☞ 4 to 6 hours charging
4.3/5
Folding Electric Bicycle with 15Mile Range Collapsible Lightweight Aluminum☞ Foldable light frame
☞ Top speed of 12 mph
☞ 12 miles range
4.3/5
ANCHEER Folding Electric Bicycle E-Bike Scooter 350W☞ Folding electrical bike
☞ Disk brake provides additional safety
☞ App support
5/5
Eahora X3 350W Folding Electric Bicycle ☞ 350W ECO motor
☞ PAS technology
☞ E drive control
4.1/5
Eahora X3 350W Folding Electric Bicycle ☞ Electrical powered racing series
☞ Key start
☞ Power display
4.0/5
Razor Dirt Rocket SX500 McGrath Electric Motocross Bike☞ Max weight is 140 pounds
☞ Battery-powered dirt bike
☞ Quiet chain operation
4.2/5
Jetson Bolt Folding E-Bike Full Throttle Electric Bicycle☞ Long-lasting ultra high-quality Li-ion battery
☞ Lightweight strong aluminium frame
☞ Foldable
3.7/5
TrekPower Folding Electric Bike☞ Portable
☞ Double-layer aluminium alloy wheel
☞ 250 W motor
3.5/5
Trekpower 16” Lightweight Folding EBike☞ 36V 10 AH battery
☞ 4 hours fast charging
☞ 3 riding configurations
4.2/5

1. SWAGTRON Swagcycle EB5 Series Aluminum Folding Ebike

Features

  • Comes pre-assembled
  • Adjustable seat height and handlebar
  • 14-inch wheels
  • 15-mile range with a single charge
  • A best electric folding bike with EB 5 folding frame
  • 5 hours charging timing.

This budget electric bike under 500 is one of the best cheap bikes you can get right now. It comes pre-assembled and you won’t have to go through the lengthy process of assembling your bike. With 14-inch air-filled tires, this bike offers easy to maintain tires and goo traction. This mountain bike has an adjustable seat which can be adjusted for adults as well as for teens.

On a full charge, this can give you around 15.5 miles of commuting. Plus you can take it with you when you are off to a hillside trip as it is completely foldable. It folds three times so it can be accommodated in any vehicle.

Customer reviews: 

This bike is an excellent choice for budget, especially adjustability as it can go all the way down and can even accommodate 9 years old.

2. Yiilove Electric Bicycle

Features

  • Premium quality Alluminum alloy frame
  • High-quality carbon steel front frame
  • Front frame shock absorption
  • Aluminum alloy wheel
  • Front aluminum V brake
  • 250W  high quality motors.
  • Top speed of 30 km/h
  • 28 km range.
  • Fast charging lithium-ion battery

This budget bike means quality. Built with a high-quality aluminium frame and a high carbon steel front, this best electric bike for adults can bear a load of three hundred pounds. While quality aluminium allows wheels with V-brakes, this bike ensures your safety.  Packed with a powerful 250W motor that can give a top speed of 30km/h this bike is a good cruise bike.

It can go over 28 kilometres on a single charge and has three working modes: the full electric, the assisted pedal, and the normal bike to suit your needs. You can also change between three different pedal modes. Overall this bike gives a good deal of customization.

Customer reviews:

I am happy for this bike as it has never given me a tough time once. It perfectly fits into quality in the budget.

3. ANCHEER Folding Electric Bike Ebike

Features

  • Lightweight aluminium frame
  • Full disk brakes in front and rear
  • High carbon steel front fork
  • Collapsible frame
  • 8AH Lithium battery with up to 50kms of speed
  •  3 working modes
  •  Electrical assistance

This Ancheer folding bike review aims will dwell on the qualities of this awesome bike. It is the best folding electric mountain bike under 500. It has a lightweight aluminium frame that provides agility and speed. Coming with disk brakes on both ends, this bike ensures adequate safety. With a high carbon steel front, this bike is very durable. It comes with a collapsible frame and an 8AH lithium battery which can reach up to 50 km of speed.

With three working modes, you can adjust the peddling according to your needs. An overall well-made bike that focuses on quality.

Customer reviews:

This bike is fantastic and gives the ultimate performance. Going to work and coming back was not as fun as it is now.

4. ANCHEER Folding Electric Commuter Bike

Features

  • Removable 36v Lithium-Ion 8Ah battery
  • 15 to 30 miles range on a single charge
  • 4 to  6 hours charging
  • Dual working mode
  • 85% assembled

Ancheer is one of the top brands which are known for manufacturing some of the best electric mountain bikes. This model is known for its simplicity and budget-friendliness. Coming just under 500 this is the best cheap electric bike. Although it has an 8Ah battery, yet it provides some amazing range of over 30 miles. Please note that the mileage will depend on your usage and speed.

It takes about 5 hours on average to fully charge and with a dual working mode, this bike can be tuned to suit your needs.

Customer reviews:

What an amazing battery timing and its dual working mode give an ultimate cycling experience. This is the best budget bike than other alternatives that I have used before.

5. Folding Electric Bicycle with 15Mile Range Collapsible Lightweight Aluminum

Features:

  • Foldable light frame
  • Top speed of 12 mph
  • 12 miles range
  • Bluetooth app support system
  • Auto cruise control
  • Smart and sleek design
  • Aluminium alloy frame
  • Dual-layer alloy wheel
  • One year service provided

This bike addresses the user’s most top concern which is the ease of use. This is a light cruiser bike built especially for those people who like to slowly cruise around and grasp all that is around them. With a built-in Bluetooth app support system, this bike is extremely easy to operate and you can easily manoeuvre by using different settings to suit your needs.

The app can control speed settings, motor locking, and mileage. It also has that self-system testing so that you can start your trip ensuring that nothing will go wrong while you are cruising.

Customer reviews:

Are you kidding me, light cruiser control, waterproof Bluetooth, and durable build in such a reasonable price? I am enjoying it as this bike didn’t give me any hard time in 3 months of use.

6. ANCHEER Folding Electric Bicycle E-Bike Scooter 350W

Features:

  • Folding electrical bike
  • Disk brake provides additional safety
  • App support
  • Zero-emission and environment friendly
  • 350 W powerful motor
  • 1-year warranty

Yet another one of the best budget electrical bikes on our list. It is built for convenience, consistent speeds and safety. This bike is extremely convenient to use because of its app support. The app allows you to control your bike in many ways that you traditional can’t. The app is useful to control your bike’s speed directly from your phone. This app also keeps a good track record of how your bike is performing. It gives you detailed data on mileage and also records your time.

It has a collapsable design that allows you to take this bike anywhere in your car. One of the best portable bikes that excel in performance and the best choice for light cruisers.

Customer reviews:

Going on trips is what I do most of the year and this foldable electric bike has been a blessing to me. What else do I need; app support, automatic speed control, disk brake, and portable. I totally love it!

7. Eahora X3 350W Folding Electric Bicycle 

Features:

  • 350W ECO motor
  • PAS technology
  • E drive control
  • ECO power management system
  • Disk brakes at both ends
  • Maximum capacity of 220 pounds
  • Comes pre-assembled
  • Triple working mode: Fitness, PAS mode, and electric mode
  • Comes with an LCD

This bike features a powerful 350W ECO motor. The PAS system in this bike has proven to work exceptionally well. It has proven to increase the efficiency of bike range up to 40%. This bike also features an energy-conserving system which effectively decreases battery consumption and increases the battery life.

With a 22 mph top speed, this bike is great for commuting, going through jungle trails and plain roads. The 10.4 4Ah battery is removable and is very energy efficient. Couple that with the bike’s power-saving features and you will get ultra-long battery life. The suspensions work well for any kind of bumps, and the seat suspension is good for a comfortable ride.

Customer reviews:

It is crazy how amazing this bike is. The best commuter bike under 500. I still can’t believe it is performing up to the mark.

8. SAY YEAH Electric Scooter 36V 500W

Feature:

  • Electrical powered racing series
  • Key start
  • Power display
  • Rear disk brakes
  • WERCS certified battery
  • UL standards approved charger
  • Available in four colors

So all we can say is that this is beautiful. The first looks will tell you that it is a fancy looking bike with the looks of those heavy bikes, just a smaller version of it. This power-packed racing electrical bike has a strong 500W motor which can take this bike up to 22 mph. You can expect to cruise for up to 30 minutes with this bike on a single charge.

The 14-inch pneumatic tires provide a very comfortable ride, but we were a bit disappointed with the range. They could have invested a little more in the battery and make it worthwhile. With that being said, it does what it is supposed to. The materials used are of high quality and 22 mph is a good speed for an electrical bike.

Customer reviews:

My kids needed something fancier, and this is what I stumbled upon. They are really enjoying the speed. It rear disk brake ensures safety, which has been my concern.

9. Razor Dirt Rocket SX500 McGrath Electric Motocross Bike

Features:

  • Max weight is 140 pounds
  • Battery-powered dirt bike
  • Quiet chain operation
  • 30 minutes battery backup
  • 14 mph top speed
  • Three months warranty

This is the best electric bike under 300. Coming in such a low price range, the razor has somehow managed to provide quality, looks, and performance that it promised. It is a trimmed-down version of a trail bike build for teenagers. This bike uses a chain driving mechanism to spin the wheels which are surprisingly very quiet. The large trail tires provide an excellent road grip and will make your cruise super fun and very enjoyable. Best for use in short cruises. Probably the best electric bike in the world that you can get under 300 dollars.

Customer reviews:

You cannot get anything better than this under 500 that does not compromise the quality of the product.

10. Jetson Bolt Folding E-Bike Full Throttle Electric Bicycle

Feature:

  • Long-lasting ultra high-quality Li-ion battery
  • Lightweight strong aluminium frame
  • Foldable
  • 250 W motor.

This folding electrical bike is built mainly for one purpose – to provide you with a long cruise. It has a long-lasting lithium-ion battery that can travel up to 35 miles. This bike will be perfect for cruising, errands and commuting. The lightweight yet the strong aluminium frame is very well built. We did however noticed that the frame does not let it turn freely as it should. But it can take up to 250 pounds of weight without slowing down because of its powerful motor. Even though it is just 250 watts, it works surprisingly well.

Customer reviews:

Like me, if you are someone who prioritizes long battery life this is the bike you need. Along with the long battery hours, this bike is durable and light in weight.

11. TrekPower Folding Electric Bike

Feature:

  • Portable
  • Double-layer aluminium alloy wheel
  • 250 W motor
  • 3 Working modes: Assisted, human, and all-electric
  • Rear disk brakes
  • Front drum brakes
  • Variable speed throttle

Trek power is one of the premium ones in line. The Eco-friendly zero-emission motor works on 250 watts. Being very power efficient, this bike has quite a good range Foldable three times, this bike is extremely portable and you can fit it in almost any nook and corner. The high-quality aluminium frame is very lightweight yet very strong.

It has big 16-inch alloy wheels with air-filled tires which provide excellent traction while the drum brakes have some good braking capability. Coming with 3 assisting modes, this bike is very to use especially for adults. The seat height can also be adjusted accordingly.

Customer reviews:

Portability and power efficiency got me instantly and I am happy with my purchase as it gives what it claims. Such quality in the budget is impressive.

12. Trekpower 16” Lightweight Folding EBike

Feature:

  • 36V 10 AH battery
  • 4 hours fast charging
  • 3 riding configurations
  • High-quality aluminium alloy frame
  • 1-year warranty

Combine a 10Ah battery with a 250 W motor that can travel at 30 km/h and you get a cruiser that is power efficient and extremely well-made for a budget ranged price. Coming just under 500 dollars, this e-bike is made of a high-quality aluminium alloy frame with a rear disk brake coupled with a front drum brake that provides adequate protection.

This bike also has a key safe configuration which keeps it safe from theft which is quite interesting. Keep in mind however that it can only take up to 120 pounds and may not be suitable for adults.

Customer reviews:

My trips have been better than ever before with this electric bike. Whether it is about a ride to work or cruising around, this bike is the way to go.

Read More: Previewinsight.com

Conclusion:

In this article, we have provided reviews to the best mountain bikes under 500 dollars. All of these bikes are budget-friendly bikes designed for convenient cruising and safety. Keep in mind however that electric bike prices may keep on changing as this is a comparatively new venture for the automobile industry. The bikes chosen for these reviews are tested and have been reviewed by using customers. Please make sure to check out our buying guide before you make your decision.

Frequently Asked Questions

What is the best cheap electric bike?

SWAGTRON SwagCycle E-Bike is the cheapest bike with the best features for its price.

What is the best electric bike for the money?

There are a lot of them out there, but in our opinion, ANCHEER Folding Electric Bicycle is the best value for money.

How much does a good electric bike cost?

Depending on the range, a good electric bike can cost anywhere between a thousand to eight thousand bucks.

How can I make my electric bike faster?

There are a few things you can do to achieve that. Keep your battery charged, buy a high voltage battery, or buy a high powered motor altogether.

How fast can electric bikes go?

The fastest electric bikes can go up to 28 mph.

How fast does a 1000w electric bike go?

A 1000w bike can go up to 25mph

Can you ride an ebike without the battery?

Yes, you can peddle your bike just as you would in the non-assist mode.

Are electric bikes too heavy?

E-bikes are heavier than the traditional bikes but are lighter than the motorbikes.

Do electric bikes work without pedaling?

Yes, the bikes which have full-electric mode can work without peddling on battery,

Is 250 watts enough for ebike?

250w is not that much according to standards, we would recommend goings for a 500w bike.