Best Electric Bikes Under $500: Top Budget Options in 2023

When comparing the best electric bikes under $500, the Jasion EB5 Electric Bike is the prime selection for most buyers. This electric bike provides a top-tier mountain bike look and powerful motor while ensuring impressive range and complete versatility with its working modes.

Our runner-up choice is the ANCHEER Electric Bike. With a slightly more dynamic design than the Jasion EB5, the ANCHEER offers a similar powerful 350W brushless motor, up to 20MPH top speed, an impressive range of up to 45 miles per charge, and includes adjustable power assist levels and cruise control function for enhanced maneuverability and comfort.

The top folding e-bikes under $500 is the EUROBIKE Electric Bike. Boasting a more portable design than the Jasion EB5, the EUROBIKE offers a similar 20 MPH top speed, a quick-release clip for easy folding and unfolding, and an impressive braking system for safety and performance.

Electric bikes have revolutionized the world of personal transportation by offering an eco-friendly, efficient, and fun alternative to traditional bikes and cars. Combining the power of electric motors with traditional bike designs, electric bikes provide an effortless way to get around town, tackle hills, or even venture onto trails.

This article will focus on the best electric bikes under $500, providing a budget-friendly option for those looking to add electric assistance to their daily commute or recreational rides.

As the popularity of electric bikes continues to grow, the market has exploded with a wide range of models and features to choose from. At the more affordable end of the spectrum, focusing on the critical components that contribute to a reliable and enjoyable riding experience is essential. This includes the type of motor, battery capacity, and the overall quality of the bike's construction and components.

When shopping for an electric bike under $500, look for bikes that balance motor power, battery life, and durability. A more powerful motor will provide better assistance on hills and rough terrain but may consume more battery power. Battery life, measured in watt-hours, determines how far you can travel on a single charge, so consider your intended use and typical travel distances when deciding.

With countless options available, finding the right electric bike for your needs and budget can be overwhelming. That's why we've spent hours researching and reviewing the best electric bikes under $500 to help make your choice easy and informed. Let us guide you through the top picks and essential features to consider in your search for the perfect budget-friendly electric bike.

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Best Electric Bikes Under 500 Dollars

We have compiled a list of the top electric bikes for under $500. Discover our top picks to help you find the perfect fit for your needs and budget.

Jasion EB5 Electric Bike

We highly recommend the Jasion EB5 Electric Bike for its impressive performance, features, and affordability.

Pros

• Powerful 350W motor
• Removable large battery
• Four versatile working modes

Cons

• Some users reporting missing or damaged parts upon arrival
• Heavy frame compared to other e-bikes
• High-carbon steel frame may be less sturdy than aluminum

The Jasion EB5 Electric Bike is a fantastic option for individuals seeking a reliable and budget-friendly e-bike. Equipped with a 350W brushless motor, this bike offers a top speed of 20 MPH, which is quite impressive for its price range. The upgraded LCD display panel also ensures that you have accurate and essential information at your fingertips while riding.

One of the standout features of this bike is its removable 360Wh lithium-ion battery, which gives you a range of up to 25-40 miles per charge. This makes the EB5 perfect for daily commutes or leisurely rides around town. Plus, the removable battery allows for convenient charging whether you're at home or the office.

The Jasion EB5 Electric Bike offers four different working modes – PAS Mode, Pure Electric Mode, Pedal Mode, and Booster Mode – allowing you to choose how much motor assistance you want while riding. Furthermore, the 26″ puncture-resistant tires, front fork suspension, Shimano 7-speed gears, and dual lights make for a comfortable and adaptable riding experience.

Although it has some downsides, such as occasional missing or damaged parts and a relatively heavy frame, the Jasion EB5 remains a top choice for those shopping for an electric bike under 500 dollars. With its satisfying performance, thoughtful features, elegant mountain bike look, and affordable price point, the Jasion EB5 Electric Bike is surely a solid contender in this category.

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ANCHEER Electric Bike for Adults

This electric bike is a great option for those seeking a quality, affordable e-bike with excellent performance and range.

Pros

• Powerful 350W brushless motor
• Quick charging and long range
• Comfortable riding experience

Cons

• Might not fit shorter riders
• Assembly instructions could be clearer
• Limited to 7-speed gears

We recently had the opportunity to test out the ANCHEER Electric Bike, and we noticed that it offered unmatched performance with its powerful 350W brushless motor. The bike easily reached speeds above 20MPH, making it perfect for commuting or leisure rides.

Another significant advantage of this e-bike is its impressive range. With a 48V/10.4Ah removable battery, it charges fully in just 3-3.5 hours and provides a remarkable range of up to 45 miles per charge. This feature sets it apart from other electric bikes in this price range, making it an ideal choice for longer rides and commutes.

The riding experience on the ANCHEER Electric Bike is also enjoyable, thanks to its 7-speed gears system and adjustable power assist levels. From smooth roads to steep inclines, we easily adapted to various terrains, offering us comfortable and enjoyable rides throughout the testing period. Furthermore, the electric bike's cruise control function was a delightful addition that enabled us to enjoy long rides on flat roads with minimal effort.

On the downside, we discovered that the bike might not be suitable for individuals shorter than 5'4″, as it had limited seat adjustment. Furthermore, while the assembly process was relatively straightforward, the included instructions could have been clearer, potentially proving challenging for less experienced assemblers.

Lastly, the ANCHEER Electric Bike is limited to a 7-speed gears system, which could be a drawback for users who prefer more gears for finer control and more diverse rides. However, it should be more than sufficient for casual riders and those looking for an e-bike that gives a suitable performance at an affordable price.

The ANCHEER Electric Bike offers a fantastic combination of power, range, and comfort, making it an excellent choice for individuals seeking an electric bike under 500. Despite its minor drawbacks, its overall performance and affordability make it worth considering for your next e-bike purchase.

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EUROBIKE Electric Bike

This electric bike is a great choice for those seeking an affordable, foldable option with decent power and range.

Pros

• Folding design for easy portability
• Great braking system
• 350W powerful motor

Cons

• Some parts feel cheap
• May need adjustments out of the box
• Rims might flex under pressure

The EUROBIKE Electric Bike offers outstanding portability with its folding design, making it an excellent choice for those with limited storage space or for those who want to transport their bike easily. The quick release clip allows for easy folding and unfolding, so you can store it in your car trunk or apartment corner without hassle.

One of our favorite features is the bike's great braking system, featuring front and rear disc brakes. This ensures safety even at high speeds or on downhill terrains. The 350W high-powered motor allows you to tackle various terrains, climb hills, and reach speeds up to 20mph.

However, there are a few downsides to this electric bike. Some components, such as the derailleurs, feel cheap and may need tightening or adjusting before your first ride. Additionally, the wheel rims have been reported to flex when turning too quickly, posing a potential safety risk. Just be cautious and take the time to inspect this bike before taking it out on the road.

The EUROBIKE Electric Bike is a fantastic option for those looking for an affordable, foldable electric bike under $500. Its powerful motor, excellent braking system, and convenient folding design make it a solid choice for those looking to save money without sacrificing quality.

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TotGuard Electric Bike

The TotGuard Electric Bike is a great choice for those seeking an affordable yet powerful electric mountain bike with multiple riding modes and a stylish design.

Pros

• Strong 500W motor with 21.6mph top speed
• 27.5″ tires and lockable suspension for a smooth ride
• Shimano 21-speed gears for versatile terrain handling

Cons

• 5-hour charging time for the battery
• Heavier than some other e-bikes at 49.6 pounds
• Stock saddle might be uncomfortable for some riders

Our experience with the TotGuard Electric Bike has been quite enjoyable. The bike's powerful 500W motor and its 48V 10Ah rechargeable lithium-ion battery allow us to cruise briskly up to 21.6mph. The sturdy aluminum frame and the IP54 waterproof rating ensure that the e-bike can easily handle daily commutes and outdoor adventures.

The bike's larger 27.5″ tires and lockable aluminum suspension fork provide a smoother ride, even on rough roads. We also appreciate the front and rear reflectors, LED headlights, and dual disc brakes for added safety during our rides. The sleek sports-style design with a streamlined matte surface and simple decal style adds to the aesthetic appeal.

Navigating various terrains became much simpler, thanks to the Shimano 21-speed gears. The intuitive LCD showing essential stats such as battery, assist levels, mileage, voltage, speed, and usage time makes our rides more informed. The three working modes – pure electric, pedal-assist, and normal bike – add versatility to the riding experience.

However, some things could be improved. For instance, the 5-hour charging time might not be convenient for some users, and the bike's weight of 49.6 pounds might make it a bit difficult to transport. Lastly, you might need to invest in a more comfortable saddle for longer rides.

Overall, the TotGuard Electric Bike is a fantastic option for those seeking an affordable e-bike with power and versatility. Be prepared to address minor drawbacks like charging time and saddle comfort.

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Vivi Electric Bike, 26″ Electric Commuter Cruiser

This Vivi 26″ Electric Commuter Cruiser is an affordable and versatile option for those seeking a convenient and enjoyable ride.

Pros

• Powerful 500W Motor
• Cruise Control Function
• Removable 48V Battery

Cons

• Challenging Assembly
• Uncomfortable Seat
• Subpar Instruction Manual

We recently tried the Vivi Electric Bike, and it quickly became apparent to us that its powerful 500W brushless motor was excellent for tackling hills and achieving speeds up to 20 mph. We especially appreciated the cruise control function, which allowed us to give our hands a rest while maintaining a constant speed.

The removable 48V 374.4Wh lithium battery was a significant advantage, with charging options providing a 22-50 mile range after a 4-6 hour charge. We found this helpful for both city commuting and off-road adventures.

As much as we loved the performance, we faced several challenges during the bike's assembly. The provided instructional video and manual were inadequate, but we put it together after some effort. We also noticed that the included seat was uncomfortable, so upgrading the seat would be a wise investment.

Despite the difficulties in assembly and the uncomfortable seat, the Vivi Electric Bike remains a great option for those seeking an affordable and reliable electric bike with essential attributes. With a powerful motor, cruise control function, and removable battery, this bike can be an ideal companion for daily commuting or exploring new terrains.

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Buying Guide

There are several key factors to consider when looking for the best electric bike under 500. We'll guide you through these important features to help you make the right choice for your needs.

Performance

First and foremost, consider the bike's performance. This includes the motor power, top speed, and range. A higher-wattage motor will typically give you more torque, allowing you to climb hills more easily. Aim for a bike that can reach a top speed of at least 15-20 mph, and look for a range that suits your daily commuting or leisure requirements.

Battery

The type, capacity, and placement of the battery also play a significant role in the overall performance of an electric bike. Look for a battery with at least 8-10 Ah capacity to ensure you get a decent range. Lithium-ion batteries are lighter and have a longer lifespan than lead-acid batteries, making them a better choice. Consider the battery's position, too; multiple placement options are available, such as in the frame or mounted on the rear rack.

Frame and Wheels

The frame material and size are essential for both durability and comfort. Aluminum alloy frames are lightweight and typically more resistant to rust than steel. Ensure the frame size fits you well, as a poorly-sized bike will be uncomfortable. The wheel size will also impact the bike's handling and stability: larger wheels offer a smoother ride on uneven surfaces, while smaller wheels provide better maneuverability.

While only one of the bikes in this guide (likely due to price-point) is considered a folding e-bike, more options may exist or be possible for under $500 if you score a good deal or find one used locally. The benefits of a folding electric bike are that they can condense in their size footprint and allow easier storage in a garage or vehicle.

Braking System

Safety is paramount when it comes to electric bikes. Look for a bike with reliable and effective brakes. Generally, disc brakes offer better stopping power and work well in various weather conditions compared to rim brakes.

Comfort and Design

Finally, consider the overall design and comfort features of the bike. A comfortable saddle, ergonomic handlebars, and suspension systems can enhance your riding experience greatly. Look for designs that suit your preferred riding style, whether a more upright or aggressive one.

Considering these factors, you'll be better equipped to find the perfect electric bike under 500 that suits your needs and preferences.

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Frequently Asked Questions

Can I find electric bikes for adults below $500?

Absolutely! There are a variety of electric bikes for adults available for under $500. While these bikes may not include all the bells and whistles or the most powerful motors and batteries, they can still provide a solid option for those looking for an affordable and environmentally friendly mode of transportation.

What is the average range and speed of electric bikes under $500?

The average range for electric bikes under $500 is typically between 15-30 miles per charge, depending on rider weight and terrain factors. As for speed, most bikes in this price range will have a top speed of around 20 mph. Remember that range and speed can be influenced by factors such as how much assistance the motor provides, how hilly the terrain is, and the charge level left in the batteries.

How do cheap electric bikes compare to more expensive options?

We find that cheap electric bikes, specifically those under $500, generally have less powerful motors and batteries, resulting in a lower range and speed than more expensive options. You may also find that some compromises may have been made regarding the quality of components and overall durability. However, these bikes can still be a great option, especially for first-time buyers or those on a tight budget.

Are there any reliable folding electric bikes in this price range?

Some reliable folding electric bikes may be available for under $500 and we include one above. These bikes generally offer a compact design and folding mechanisms for easy transport and storage. However, it is important to note that the build quality and features may not be as robust as those found in more expensive models.

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Final Verdict

We have looked into several fantastic electric bikes for under $500 and shared our thoughts on the best options in this price range by examining their features, performance, and overall value.

The Jasion EB5 Electric Bike is the top choice for commuters and casual riders. Its sleek design, foldable frame, and powerful motor make it perfect for maneuvering through city streets and tackling moderate inclines. The comfortable cushioned seat and dependable battery life are also big pluses for riders who spend a considerable time on the road.

Our second choice is the ANCHEER Electric Bike, which offers a lot of bang for your buck. Touting a 500W removable battery offering a 3.5-hour fast charge and up to 45 miles on a single charge, it will handle most of what you throw at it.

The EUROBIKE Electric Bike is a solid choice if you want a foldable e-bike under $500. It offers a comfortable, easy-to-use, foldable design for short trips around town or quick errands. The reliable 350W battery life and ease of maintenance make it a convenient option for daily use.

Our recommended picks cater to various needs, preferences, and budgets, providing excellent choices for people searching for reliable electric bikes under $500. Considering each bike's unique strengths and features, we trust you can find a suitable option that meets your requirements.