The Best Electric Bikes Under $500 (Reviews) in 2020

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5/5

Swagtron SwagCycle Electric Bike

  • Brake light and reflector
  • Lightweight and strong
  • front LED headlights
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5/5

Ancheer Electric Bike

  • Stronger 350W Motor
  • Removable Battery
  • Water-resistant technology
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5/5

Jetson Bolt Folding Electric Bike

  • Built-in carrying handle
  • Bright LED headlight
  • Twist throttle and cruise control

What’s the first thing that you think about when you hear the world electric bike? A fancy bicycle with an expensive price tag. What if we tell you that electric bikes can be bought under $500? Yes, you heard us right. On this page, check out the list of the best electric bikes under $500.

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View the Best Electric Bikes Under $500

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1. Swagtron SwagCycle Electric Bike

The SwagCycle is a zero-emissions, pedal-free bike that is convenient and saves space. It comes with an impressive 250-watt motor that gives you faster rides – making you feel as if you were on a motorcycle. Its high-powered 36v lithium-ion battery takes about 2.5 hours for a full charge. The bike has a micro USB charging port that lets you charge your electronic devices on the go.

Have you ever found it difficult to carry your bike to different places? Or are you among those who can cycle to the nearest subway station because you can’t carry your bike? The good thing about this e-bike is that it is foldable. This means that you can carry it wherever you want, as it can be stored in compact spaces. It has an aerospace-grade aluminum frame that makes it easy to fit in trunks of all sizes. If you are thinking of cycling to work, this e-bike will be an ideal choice as it can be easily kept under the desk at the workplace. The clear handlebar display will let you check the battery life during cycling, honk the horn, turn on the headlight, and accelerate.

Why We Like It
  • Brake light and reflector
  • Electric powered
  • Lightweight and strong
  • Ultra bright front LED headlights
Our Verdict

The SwagCycle e-bike is an easy to ride bike. It has a visually appealing design that attracts a lot of people. It is lightweight yet sturdy. This environment-friendly bike should be one of the top choices for every bicyclist.

Editor Rating

5/5
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2. Ancheer Electric Bike

When it comes to the bikes manufactured by the Ancheer brand, we don’t have to say anything. The company is famous for its high-features, high-end, impressive-looking, high-powered bicycles. This particular e-bike is also one of the best in terms of features and performance. The bike is equipped with 350W high-speed, brushless motor, which provides enough power for your daily commute. In fact, cruising on the mountain on this bike is literally a breeze.

The 36V 7.8Ah Lithium-ion battery gives an awesome range of 30 miles per charge – now that’s something! This means that you can easily pull off an off-road, single-day adventure on a single charge. A great thing about the bike is that it has three working modes. So it is on the bicyclists to ride on it as they please. The modes are normal bike, e-bike (pedal-free), and assisted bike. It comes with the LED 4-speed smart meter button that will help you choose the electric-assist power. With the help of the throttle, you can also boost the speed.

The bike comes 85% assembled. This means that you won’t have to spend hours putting the pieces together. When it comes to the body of the bike, it is perfection. It has a durable aluminum alloy frame that makes it easy to ride. The double-walled rims don’t only increase the durability of the bike, but they also provide a faster ride with less drag.

Why We Like It

  • Stronger 350W Motor
  • Removable Battery
  • Water-resistant technology for motor and battery
  • Shimano 21-speed gear

Our Verdict

Customers who have used the bike have got only the good things to say about this masterpiece. This easy to maneuver bike is great for both daily commutes and off-road adventures.

Editor Rating​

5/5
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3. Jetson Bolt Folding Electric Bike

The Jetson bolt folding e-bike comes with a rechargeable lithium-ion battery that is ideal for long-distance rides – of up to 15 miles. From leisure rides and running errands to commuting, the e-bike will give you comfortable and faster rides. It also has an aluminum alloy frame that is sturdy and lightweight and supports up to 250lbs.

Since it is lightweight, it is easy to take it up and down the staircase. It is also foldable – with a collapsible handlebar – and can be easily slid under the desk or tuck it away at home. The bike has a powerful 250-watt hub motor that lets you cruise through city streets effortlessly.

The bike also has a built-in carrying handle that makes it very easy to pick up. The twist throttle and cruise control let you make your rides even more adventurous. It also comes with a bright LED headlight, which is ideal for providing clear visibility so that you can ride the bike at any time of the

Why We Like It
  • Built-in carrying handle
  • Bright LED headlight
  • Twist throttle and cruise control
Our Verdict

This electric bike is very easy to handle. It takes less time for a full charge. From daily commute on smooth streets to a cruise up and down the hill, the bike is ideal for all kinds of rides.

Editor Rating

5/5

4. TrekPower Folding E-Bike

If you want a stylish foldable electric bike, the TrekPower e-bike is a great option. It has a strong built of aluminum alloy that gives it increased durability. It also has a double aluminum alloy wheel that is equipped with impressive anti-pressure ability. It has a 36V battery that has strong power that gives safe and faster rides.

It is made from a high-strength 100% aluminum alloy frame that has a weight holding capacity of 110-120 lbs. Its max speed is 25-30 km/h. Many bicyclists fear that their battery can be easily stolen when they park their bicycles outside. The Trekpower bike’s battery comes with a key, safe configuration that keeps the bike safe from the theft.

On a single charge, the bike can give a range of up to 20 miles. The bike has three riding modes and the bicyclist can choose any that suits their needs. The company provides exceptional customer service and customers can email them regarding any issues they are facing. They will receive a reply within 24 hours.

The bike comes with impressive safety features such as a horn and LED headlamp that is great for increasing securing for traveling at night.

Why We Like It
  • High intensity long illumination distance headlight
  • Adjustable comfort seat
  • New electric accelerator throttle
Our Verdict

This e-bike is great for long-time traveling. It also has a comfortable seat that lets you drive comfortably throughout.

Editor Rating

4.5/5

5. Emdaot Electric Mountain Bike

The Emdaot Electric Mountain Bike also comes with a lithium-ion battery that gives a range of up to 15-30 miles. It is equipped with a 250W stable motor. It has mechanical disc brakes for reliable all-weather stopping power. With 21-speed gear, the bike has great hill-climbing power. It also has three working models that let the bicyclist choose any mode of their liking.

With the help of the throttle, you can add a burst of speed and reach your destination even faster. The bike has an adjustable seat and handles that allow both the teens and adults to use it. It also comes with a bright LED headlight and horn that is essential for increased safety during the night. The bike is designed for both on- and off-road rides. It is suitable for both teens and adults.

Why We Like It
  • Ergonomic design
  • Large capacity lithium battery
  • High quality material
Our Verdict

The e-bike is made from an ultra-lightweight material that makes it quite easy to maneuver. Its full charge takes around four to six hours. One of the best electric bikes under $500, the bike is great for daily commutes.

Editor Rating

4.5/5

Buying Guide & FAQs

Why is it important to go on a test drive on an electric bike?

Every person has a unique level of comfort. You can read reviews of a bike, but to ensure that the bike performs according to your expectations, you must take it out on a test drive. This will let you have a clear idea of the features of the bike.

How to take care of your e-bike’s battery?

The main component of an e-bike is its battery. You will have to be extra careful when handling the battery. When buying one, make sure that you get one from a renowned brand. This will ensure that your battery is of high-quality. Also, when it comes to charging, always use the original charger. If you continuously use the charger of some other brand, you will, in turn, damage the battery.

Are e-bikes very expensive?

E-bikes are quite expensive. However, it doesn’t mean that you cannot find a bike at an affordable range. In this article, for example, we have listed best-performing e-bikes that can be bought at or under $500. Many people wrongly believe that only expensive bikes are of better quality. When you are out looking for bikes, you must be looking at their features and not their price. If a normally priced bike has the features you are looking for, go for it. We have already mentioned how the test drive is important before you finalize your purchase. So, don’t forget to take your bike on a test drive and see if it provides you with some level of comfort.

What are the benefits of an e-bike?

An electric bike is a great way to do some exercise. In addition to your physical wellbeing, cycling is also very effective for your mental health. People who want to improve their blood sugar and the health of the heart. It also helps you to take a less-traffic route to work. When you travel by car, you hurt the environment. The toxic pollutants in the air are detrimental to your health. In addition to this, riding an e-bike is also cost-effective. Since the batteries are rechargeable, you don’t have to spend a fortune on gas. A great feature of the e-bike is that it won’t lead to the wear and tear of the roads you drive on. In a way, you will be keeping your city streets in great shape.

Can I ride my e-bike in the rain?

It is perfectly okay to take out your e-bike when it is raining. However, if you are transporting the bike in the car and it starts to rain, make sure that you have taken out its batteries and keep it inside. The direct flow of heavy rain showers on the battery is quite damaging.  

Are e-bikes worth it?

Many people often have second thoughts when buying a bike because they are not sure whether the investment is worth it. Even at $500, the e-bike can be a bit expensive for some people. If you look at the benefits of the e-bike, you will realize that the price is worth it.

Do electric bike charges when you pedal?

There isn’t a straightforward answer to this. But let’s just say that some bikes do have an electric system that charges when you pedal. So, it really depends on the type of electric bike and the electric system it is equipped with.

The Final Word

Who would have thought that e-bikes could have been bought at a low price as well? You really don’t have to break your bank to shift to an environmentally-sustainable option. We hope that our list has helped you choose a best-performing e-bike for yourself. Here, we will have a quick look at the Top 3 of the best electric bikes under $500.

  • The top pick: Swagtron SwagCycle E-bike is a product of a reliable and trustworthy electric bike manufacturer and is equipped with many impressive features. This compact bike is easy to ride and store, making it the perfect choice for daily commute to work.
  • The premium pick: Ancheer Electric Bike is a durable product with a high-performing battery. The foldable bike can be taken around anywhere. It is a good product that is loved by a majority of customers.
  • The value pick: Jetson Bolt Folding E-bike is a wonderful bike that is designed to last. People who live in a hilly region will have a great experience on the bike.
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