8 Best Electric Bikes Under $500 You Can Get Today

Electric bikes are becoming a very popular way to get around. They save fuel, time, money and give people more options than normal bikes.

Ebikes that cost less than $500 can do a good job for a reasonable price, but there are so many options and models that it can be hard to find “the best” electric bike. Electric bikes that cost less than $500 are here. Make sure you choose one that suits your needs and wants. Here is our top 10 best electric bikes under $500 review.

Electric Bikes Breakdown

During the search for a new electric bike, there are many things to look for. Here are a few of the most important:

Battery: Electric bikes are powered by rechargeable lithium batteries that give them a lot of range, the power that doesn’t go out, the weight that isn’t too heavy, quick recharging, and more.

Many battery brands put a lot of attention on the voltage of their batteries when they advertise them. The more important thing is how much energy the battery can hold (voltage x capacity).

Energy efficiency is better when the voltages are higher—for example, 24V, 36V, 48V, etc. But when you check the batteries, make sure to look at the volts, capacity, and total energy stored.

When you buy a new battery, make sure to check the maximum current that the new battery can handle. Some battery packs can store a lot of energy, but they can’t provide enough power for some stronger e-bike models.

Some batteries also come with one or more USB ports, which let you charge your USB device right from the battery of your e-bike.

Battery Charging time between 3 and 5 hours is the general range for most models. Some models have batteries that can be switched out to ride the bike while another battery is being charged. This allows them to use one battery while the other battery is being charged.

Bike’s Weight: Make sure to check the bike’s weight before you buy it. It’s not the same to carry around 35 pounds or 70 pounds (or even more) pounds.

User’s Weight: The maximum weight that a person can use is different and can go up to 300 pounds (136 kg). However, it doesn’t matter if the bike is used on flat ground or hills.

Some manufacturers say how far the user can go based on their weight, how steep the slope can be based on their weight, and other things like that.

Motor: Most electric bikes that cost less than $500 have motors between 250 and 400 watts. As long as they’re in Full Electric Mode, these motors are strong enough for most situations on flat ground, no matter how they’re used.

Riding Modes: There are three main ways to ride an e-bike: Full Electric Mode, Pedal Assist Mode, and Pedal-only Mode.

The Pedal Assist Mode is the best mode to use most of the time because it allows the user to travel long distances with little effort.

Single Battery Charge Range: When the e-bikes are fully charged, they can go up to 40 miles on a single charge. This depends on how much weight the bike is carrying, how much battery power it has, how fast the bike is going, and so on.

Maximum SpeedIn this class of electric bikes, it is usually about 15 mph (24 km/h) on the flat ground.

Frame Material: The metal used to make bikes can be Aluminum or steel. You can tell how strong and durable a bike is by the material that it is made of. The price and how much it weighs also depend on this.

Folding Frame: Some bikes have folding frames that make it easier to store them. These bikes can fit in the trunk of a car, be taken on the subway, and so on. However, having more joints may weaken the bike’s structure and make it less able to support heavier people.

Wheels: Most electric bikes that cost less than $500 have wheels between 10 and 16 inches (25.4 and 40.6 cm).

Over bumpy terrain, bigger wheels make it easier and safer to ride. E-bikes with smaller wheels are more compact, especially with a folding frame, but they aren’t as safe.

Brakes: Both wheels must have disc brakes for safety. When the brakes are set correctly, caliper-style brakes do a good job. There are still some models, even some good ones, that have this type of brake.

App Support: Some electric bikes have WiFi or Bluetooth connectivity and can be used with smartphone apps to check the bike’s status, lock the bike, and more. Such a feature isn’t a must, but it can come in handy in many situations.

When you’re looking for “the best” electric bike, there are many little things to think about. These little things are often very personal, like the bike’s color and other things.

Top 8 Best Ebikes Under $500

With so many different models on the market, it may be hard to pick the few best ones out. We’ve put together a list of the best electric bikes under $500 with their features and specs in this post.

Note: When this article was written, their price was less than $500, which is how much they were. Other features and specifications may also change at any time without notice. Then, do your research and look at the features, how much they cost, and how long they last.

1. Shaofu Folding Electric Bike 

Shaofu Folding Bike is very cheap and has a lot of unique features. The bike is 100% electric, and there is no charge emission. The bike comes with lights and a horn already installed. In addition, you can use an App on your smartphone to lock the cycle. It is the best electric bike for under $500 because of these things.


As is the case, a double-layered aluminum wheel and a frame made of Aluminum are on it. The shape of the building is based on dolphins, which makes it fashionable. In addition, the seat can be adjusted and is very comfortable.

Foldable Frame:

The bike’s frame is made of Aluminum, which is very light. It all together weighs 12kg. The simple folding system makes it easy to store and carry.

Power motor and Removable battery:

Smart charger: It has a 36 volt and 8 Ah Lithium-ion battery with a smart charger. As long as it takes, you can charge the battery for up to three hours. A full battery can go 25 to 50 km. This bike has a 350 Watt motor.

App support system:

This bike can be used with Bluetooth systems with Android 4.3 or iOS 8. It also lets you set the desired speed, lock the motor, and get a certain number of miles. The app can also keep track of time and let you try it out independently.


It is equipped with a front headlight and rear brake lights to keep you safe when you’re riding at night. It also has a horn. These brakes are very rare, but they are very good at stopping.


IPX5 is a water-resistant range that protects the battery so you can enjoy your trip on a rainy day without having to worry about the battery getting wet or broken.

Note: It comes with a one-year warranty not just for the electric motor but for the battery and the charger, too.


  • Waterproof and eco-friendly
  • Long-lasting battery
  • Easily connectible with a smartphone


  • Not ideal for rough track 

2. ANCHEER 500W Adult Electric Mountain Bike 

ANCHEER is one of the top companies in the e-scooter business. They are known for making some of the most sporty and durable bikes with great designs. The ANCHEER Adult Electric Bike has a lot of breaks and gears so that you can have a great time in the mountains. You can find out why this is one of the best electric bikes for less than $500 by reading the following.

Sturdy body:

You can see that this bike has a fork made of carbon steel and aluminum alloy handlebars. The body of the bike is made of Aluminum that is double-layered, which makes it light and healthy. The bike can be folded up and is easy to carry. It is also very small and light.

3-mode of Biking:

One of the best things about the bike is that it can be used as a manual bike, a bike that helps you, and an electric bike. If you need to do long tasks or work out, you can even use two modes simultaneously. The mode of the bike can be changed by the person who is monitoring the bike.

Battery and Millage:

The machine comes with a 36V 8Ah Lithium battery with a smart charging system that can be used to keep the battery charged. Drive about that long if you want to go 15 to 30 miles. A high-speed brushless gear motor helps you keep your speed at 15mph, so you don’t have to stop.

Gear and Brake shift system:

The speed can be changed according to the 21-speed transmission; it all comes down to what you want. The front and back wheels have disc brakes. With the help of a horn and an LED headlight, you can easily ride your bike at night without any trouble.

Note: Electric motor, battery, and charger all come with a one-year service warranty, as well. It’s also free of charge to ask for the service when you buy something. Pick the bike up from the store. The bike also comes in three different styles.


  • Lightweight yet sturdy
  • 21-speed transmission system
  • 3-mode biking system


  • Hard to assemble

3. SWAGTRON Swag EB5 Folding Electric Bike

Swagtron SawagCycle E-Bike has already made high-quality electric bikes for both kids and grown-ups. A folding electric bike called the EB5 Plus comes with pre-made service and battery options at a low price. It may be the best folding electric bike based on customer reviews. This $500 electric bike will be cool and hip in 2021 because of the following.


This bike is made of Aluminum, which makes it very light, making it easy to move around. It can also be folded three times into a small size that is easy to carry around. There are quick-disconnect power lines on this bike’s 14-inch rubber tires, which help it stay on the ground better. Both of the tires have air-filled rubber tires.

Adjustable Height:

It is very easy to change. You can change the height of the seat and handlebars to fit your height and comfort level.

Power Assist:

It comes with a model that helps you with power. Just turn the throttle to power assist for 15mph, or you can just use the bike as a manual bicycle and not use the power assist at all. This feature allows you to have a never-ending ride.

Battery and Millage:

It has a powerful 250-watt motor and a battery that takes 4 to 5 hours to charge. It can go up to 15.5 miles when it has a full battery while it switches between pedaling and getting help from a power source.

Auto-guard technology:

You can use the auto-guard technology to help you apply the brakes when you come across a bump. This feature lets you keep your body and the bike in balance without getting into any trouble.

Note: It comes with two types of batteries: a standard battery and one that can be removed. It’s also ready to go when you get it.


  • Power Assist mode
  • Adjustable height
  • Quick brake auto-guard technology


  • Needs a professional for battery replacement

4. ANCHEER Folding Electric Bicycle 

As a company that makes electric bikes, Ancheer is a big name. Due to its IPX5 Waterproof technology, their folding electric bike is very easy to keep clean in bad weather because it can fold up. It’s the best electric bike for under $500 for people who love riding in the rain.


There is a dolphin design on the frame of the bike. With one hand, you can carry the cycle around. It is so small and light that you can move it around.

Bluetooth system:

The bike system is very easy to connect to your smartphone. Display: You can see how long it has been running, how fast it has been going, how far it has ridden, and if it has been towed. You can also lock your bike with your phone.

Battery and Millage:

It has a 350 Watt high-speed motor and comes with a 36V 6Ah Lithium battery with a smart charging system that can be charged quickly. Speed: The bike can go up to 25 km/h. A full charge takes about three hours.


You can still enjoy your ride when it rains because the battery is waterproof.

Note: Electric motor, battery, and charger all come with a one-year service warranty, as well.


  • Waterproof
  • Powerful Motor
  • Compact & Lightweight
  • High-Speed Range
  • Quick Battery Charging


  • Not ideal for trekking and climbing hills 

5. NAKTO Cargo Electric Bicycle

The NAKTO 26′′ Cargo Electric Bike has many great features for the price. These features make the bike worth the money. I like the way it looks because it is sleeker. It also comes with a rack on the back. If you want to quickly move things from one place to another, this bike is for you. To know more in depth about this bike, Read out our 4 best nakto bike reviews.

High-quality components:

A carbon steel frame is used to make the bike’s frame. This steel is very strong and durable. The frame also has shock absorption that is good for your comfort.

Brake and Gear shift system:

It has two types of brakes. The front wheel has a V brake system, and the rare wheel has space to grow. The brakes are fully protected, which means that you will be safe.

6-Speed-Transmission System: There are six different speeds that you can choose from, and the power brakes completely control the speed for your safety.

Battery and mileage: It has a 36V 10AH lithium battery that can be taken out and charged with a smart charger. The motor can go up to 18-25 MPH, and the battery can go up to 28 to 35 miles.

Dual working modes: When it is in electric mode, it can also help you. You can choose which mode you want to use based on where you’re going. You can also combine the two modes to get even better workability.

Note: It and the battery come with a one-year warranty from the company. One of the benefits of buying this bike is that it’s almost ready to go when it’s shipped, so there won’t be any damage when it gets there. You only need to put the handlebars and the front wheel together, and then you can start riding. This is the best electric bike that costs less than $500 for people who want a bike with many different things.


  • 95% assembled when delivered
  • Maximum speed and mileage
  • The back rack helps you carry items along
  • Highly Safe & Secure
  • Durable


  • Not waterproof

6. Gyroor C3 Electric Bike

If you are looking for the best folding electric bike under $500 for going up hills, then the Emdaot 26″ Electric Mountain Bike is the right choice for you. The overall look of this bike is classy, and there is no compromise on functionality when you’re in the hills.

Quality frame:

Made of aluminum alloy, it is easy to move and lasts for a long time. It also has a beautiful shiny black finish.

Gear shift system:

It has a 21-speed gear system that helps the bike stay steady when going up hills and going on walks. The gears are strong enough to keep the bike in control on the bumpy and bumpy track.

Battery and millage:

It has a 36V 8Ah battery and two 250W powerful motors that can go up to 15 mph.

3- Working modes:

There are three ways to ride the Emdaot 26″ folding bike. You can ride it as an electric bike, manual, or with help. You can choose the modes based on the terrain and what you like. The throttle can also be used to speed things up.

Note: It has an adjustable seat, an ergonomic handlebar with anti-slip, and a durable tire. The bike has a bright LED headlight and horn that can be used at night.


  • Ideal for mountains and trekking
  • Slip-resistant tires


  • Too hard to pedal in manual mode

7. VIVI Folding Electric Bike

The VIVI Folding Electric folding bike is great for going on short mountain trips and trips to the airport. The frame is aluminum alloy, and the front fork is made of carbon steel. Overall, this bike is very safe and made to make it less likely to get into an accident. It’s the best electric bike under $500 if you need a safe, durable, and powerful one.

Battery and mileage:

You get a motor that can do 250W and a 36V, 8AH battery when you buy this. It shows a range of 15 to 30 miles. There is a charger approved by the UL, which is the same company that makes bikes.

Adjustable seat and handles:

When you buy this bike, it comes with a simple lever that flips and folds. This lets you adjust the bike to your height and level of comfort.

BS Reflectors:

When you ride your bike at night, the pedal and the wheels have a BS reflector that can help you see cars behind you. This helps you avoid getting hit.

Slip and wear-resistant tires:

High-quality rubber is used to make the tires, which have alloy rims. This makes them strong and durable on wet and rough roads.

Shimano Transmission handle:

It has a 7-speed transmission handle that is very easy to use while riding. You can change the speed at any time.

Powerful V brakes:

When you ride your bicycle, it has V brakes on both the front and the back. This makes the brakes more effective and shortens the braking distance.

Note: Before it is shipped, it is 98 percent done. You just need to put the wheels together. This is how it works:


  • Slip-resistant tires
  • BS reflectors for the night ride


  • Rough ride with manual pedaling in mountains

 8. SWAGTRON Swag E-Bike

The Swagtron SawagCycle E-Bike has high-quality parts and safety gear that has been approved by the industry’s best. This bike doesn’t emit any pollution or waste. Finally, it has a 10-mile range, making it great for short distances.

Compact Design:

The bicycle has a sleek aluminum frame that was made with style in mind. In this case, it is foldable and fits in trunks of all sizes.

Powerful motor and battery:

The 36-volt battery comes with a charger that can charge the battery. You can charge your battery for up to 2.5 hours. A full battery can go up to 10 miles. This bike has a 250W motor.

Monitoring system:

A screen on the handlebars shows how much battery power is left. It also has a USB port to charge things like your smartphone.

Safety gears:

It has a headlight to be safe to ride in the dark, too. It also has a powerful accelerator and horn, so it can go very fast.

No-pedaling Technology:

It doesn’t even have to be thought about. You don’t have to use any of your strength to pedal the motorcycle, making it easy.

Note: You get one year of warranty from the SWAGTRON with this. You can choose from a variety of colors as well.


  • No-pedaling Technology
  • Compact in size
  • USB charging port for your devices


  • Heavy

A Complete Buyer Guide For The Best Electric Bike Under 500 USD

Before buying electric bikes for less than $500, you need to know a few things about them that are important to you. You will have a lot of choices in the store, which could make it hard for you to make a decision. Before you buy a bike, you should look at these things to see which model is better:


The average distance that a bike travels is very important. It helps us figure out how big the battery is and how good the built-in motor is. The bikes with a powerful motor and a good battery will be able to go a long way.

Another thing that affects the mileage of a bike is how it is used or how it is driven. There may be a difference in mileage if the bike is fully electric. To get the most out of your bike, you should use assist mode. This mode allows you to cover long distances with the least amount of battery and helps you work out while pedal.

Frame and Adjustability

Electric bikes are a new way to get around for people who like to be simple and ride bikes. Many of us use bicycles to get around, and many of us also use them as a sport or to go on walks in the hills. A bike with a strong frame is important because you might be carrying a lot of extra weight while on a ride. We suggest that you look for a strong metal frame, like Aluminum. Carbon metal should make the wheels, hubs, and forks.

Similarly, not all bike structures are made for a certain height. Look for bikes that let you change the height of the seat and handle so that you can enjoy the ride without getting tired. If more than one person will use the bike, this feature is very important (you can share your bike with your friends and family because sharing is caring).

LCD Monitor

An LCD screen is important to keep track of speed, distance covered, and battery level in the long run. Look for bikes that can connect to your smartphone so that you can keep an eye on your bike. Of course, you need to keep an eye on some important information while you’re riding for your safety.


Look for bikes that are light and easy to move around. Try to find a bike that doesn’t weigh more than 40 pounds or 18 kilograms, so you can easily move the bike around.

Another thing you could do is look for foldable bikes. A foldable bike is small.


Many people ride electric bikes every day. There are a few things you need to check on the bike before you ride it on the road. These things are The brake system, the lights on both sides, and the horn.

Try to find waterproof battery protection while riding an electric bike. This will help you avoid getting electrocuted. Also, look for a shock-absorbing structure to keep your body safe when riding your bike over rough ground. Many people also think about the bike’s locking system to keep it stolen.

You can also look for shoes that have anti-slip built-in so that you don’t slip on wet or rough roads. Few people think about changing the tries in their favorite models to make them more useful. If you want to be stress-free when leaving your bike in the garage or parking lot, it should have a good lock.

Frequently Asked Questions (FAQs) 

Is it worth getting an electric bike?

People may not like electric bikes. For people who enjoy riding them, the extra money is worth it. Every time you drive or own an electric bike, it will always be cheaper than a car. You can save a lot of money if you use an e-bike to get to work. Some bikes can help people who have hurt their lower bodies or their backs ride bikes.

What are the disadvantages of electric bikes?

There are a lot of good things about electric bikes and only a few bad things.
After a few years, the battery will need to be changed, which will add to the cost.
Some cities and states only let certain types of electric bikes on public roads. You need to check the laws in your area to see what you can and can’t ride.
Do not ride electric bikes on many mountain bike trails. More and more people are letting class 1 pedal-assist bikes into their homes and places of work. They are likely to be legal on all trails in the next few years because they help older and injured bikers.

How long does an e-bike last?

In the same way, an e-bike can last just as long as a normal bike. The battery will lose capacity and get worn out from being charged and discharged. Most electric bikes have batteries that last between 10,000 and 30,000 miles. The time will depend on how much you ride. Keep the bike inside and out of the weather, and it will last much longer.

How do I maintain an e-bike?

Maintenance for an electric bike is the same as for a normal bike, except for the motor and battery, which need to be cleaned and checked every so often. To learn how to keep an e-bike in good shape, watch the video below!

How fast do electric bikes go?

Class 1 and 2 e-bikes can only go 20mph. Class 3 e-bikes can only go 28mph. Speeds can be pushed more quickly on an electric bike, but the motor won’t be able to keep up with you above those speeds. You can get faster speeds for electric bikes that don’t meet the standards. A moped is a type of car that can go faster than 28mph in most states, which means you’ll need a driver’s license and registration.

How often should I charge my bike?

To make sure your e-bike battery lasts a long time, you should never leave it empty. It’s important to let the battery cool down a little when you’re done riding your electric bike if it’s hot. Then you can recharge the battery. You should always keep the battery on your e-bike charged to 50% or more when you store it.

Lithium batteries are very fragile and need to be treated with care. Putting too much charge on them or completely draining them are the two worst things you can do to them. In some cases, fires can start because too much electricity is being used. Most chargers for lithium batteries have circuits that stop them from overcharging. You should always read the owner’s manual for your battery and charger to see any safety rules you need to follow.

What’s the best electric bike for the money?

The ANCHEER 250/500-watt bike and 350-watt bike are great deals. They are based on a $500 mountain bike with a motor, battery, and controller that cost a lot of money to buy. They are good bikes for a good price.

Can you ride electric bikes in the rain?

E-bikes can be used in the rain just like any other type of bike. Some electric bikes have controllers, motors, and batteries that aren’t going to get wet. Some people don’t and will be hurt. You should read your e-manual bikes to find out if they can be used in the rain or not.

How fast is a 500w e-bike?

To meet class 1, 2, and 3 e-bike laws, most e-bikes will have a top speed under power of 20mph or 28mph. Five hundred watts is enough power to move you faster than 28mph on flat land, but the controller will stop you from going faster than 28mph.

How fast is a 1000w e-bike?

To meet class 1, 2, and 3 e-bike laws, most e-bikes will have a top speed under power of 20mph or 28mph. You can go faster than 28mph on flat land with 1000 watts, but the controller will stop you. There may be a way to go faster on an electric bike with a license and registration, like a moped.

What is the best cheap electric bike?

It’s the best electric bike for less than $500 that we looked at. It has a lot of power and is great for people who want to try out electric bikes for the first time.

Are electric bikes worth the money?

Electric bikes can cost anywhere from $400 to more than $15,000, depending on what you want on the bike. There is no doubt that they are worth a lot of money. One of the main reasons electric bikes are worth it is because they don’t use gas.

Why do electric bikes cost so much?

Today, electric bikes are more expensive than normal bikes because they have more expensive parts when they are built. This is the main reason why electric bikes are more expensive. E-bikes also cost more to run because of battery replacement, tire wear, and charging. To help people who don’t have a lot of money, we’ve looked at high-quality electric bikes that cost less than $500.

Do you pedal an electric bike?

Is it a good idea to buy an electric bike? It’s possible to switch between manual and automatic pedaling on the bike at any time during the ride. It’s up to you how long you want to pedal manually.


There are a lot of electric bikes to choose from, and it can be hard to pick one. We hope that after you read our advice, your problem should be solved and you should be happy. If you use this in-depth review and buying guide, you can quickly narrow down the options based on your needs and wants very quickly. It’s also possible to see a collection of the top best electric bikes under $1000 if your budget is bigger.

In this review, we’ve chosen the best electric bikes under 500 dollars in 2021 that will last for a long time and perform well. Their designs are not just for sports but also everyday use. These are the most convenient ways to get around. They’re also good for the environment and your wallet, and they don’t even take up a lot of space when you park them.

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