Best Electric Bikes under $500 in 2024

Our bike riders spent many days testing the electric bikes of different brands and models to determine the best electric bikes under $500 and their issues. Are you ready to get fantastic results? As Electric Bikes are commonly used nowadays, for your help in choosing the best electric bikes we buy some bikes and test them for a week in different places to get the best results. After a week we get some interesting features, versatility, and performance reviews from our expert rides. We discuss the following in detail that helps you to choose the perfect one.

Here is the list of top-rated best electric bikes under $500:

Electric Bikes	Specialty	Price
Shaofu Folding Bike	Overall Best E-Bike	Check Price
ANCHEER Adult Ebike	Very Sturdy Bike	Check Price
SWAGTRON SwagCycle EB5 Plus	Highly Adjustable E-Bike	Check Price
ANCHEER Dolphin Style Bike	Highly Economical	Check Price
NAKTO Cargo E-Bicycle	Very Efficient	Check Price
Emdaot 26” E-Bike	Very Powerful	Check Price
Vivi” Folding Bike	Overall Secure	Check Price
SWAGTRON SwagCycle E-Bike	Best Design E-Bike	Check Price

Here are our Top 2 best electric bikes under $500 Picks:

 

Top 8 Best Electric Bikes Under $500 in 2024

 

 

Read the following detailed review of each 8 bikes if you are in search of the best Electric Bike under 500 Dollars:

1. Shaofu Best Folding Electric Bike under $500

 

Shaofu Folding Bike is an electronic bike that is designed by inspiring the dolphin. The frame is made up of light-weighted aluminum and the wheels are double-layered aluminum. The horn and the headlights are already installed. Moreover, the bike has an adjustable and comfortable seat. Due to its folding feature, the bike is easy to carry and takes less space. The motor is 350 Watt and the battery is 36v and you get a ride of 25km to 50km after fully charged. The bike has an app support system through which you set the speed and distance. You can also lock your motor. The rear brakes are authentic. It has an IPX5 waterproof range that protects the battery in water so that you can not face any problems during the rainy season. It is one of the best electric bikes under $500. The weight of the bike is 12kg.

Design:

It has a double-layered aluminum wheel with an aluminum frame. The shape of the structure is inspired by dolphins making it fashionable. Moreover, the seat is adjustable and comfortable.

Foldable Frame:
The bike is compiled with a lightweight aluminum frame. It overall weighs 12kg. The easy folding system helps for compact storage and is easy to carry.

Power motor and Removable battery:
It has a 36-volt and 8 Ah Lithium-ion battery with a smart charger. The charging duration is up to 3 hours, and a full battery can give you a ride of 25 km to 50 km distance. This bike has 350 Watt power motor.

App support system:
This bike is compatible with Bluetooth System (above Android 4.3/iOS 8). It also supports setting desirable Speed, Motor locking, and Mileage. The app can also record time and offers a self-testing mode.

Safety:
It has a front headlight, braking taillight, and horn for a safe ride at the night. The rare disc brakes are reliable and have great control for stopping.

Waterproof:
IPX5 Waterproof range protects the battery so you can enjoy your trip on a rainy day without caring about any damage.

Note: It comes with one year of warranty not for just the electric motor but also for the battery and the charger.

 

 Overall Best E-Bike 

 

2. ANCHEER 500W/250W Adult Best Electric Mountain Bike under $500

 

It is a good e-bike at a low cost and looks like a mountain bike. So it is perfect for dirty and clean roads (city roads). This electric bike is durable and strong because its forks are designed with carbon steel the handlebar is made of aluminum alloy and a 26-inch wheel. Due to these products, the weight of the bike is light. The bike has front and rear disc brakes, the gear shift system provides 21-speed transmissions that can be chosen according to the need. For safety aspects, breaks are perfect. The brakes of an e-bike are reversed from that of common bikes. On the right handlebar, the front wheel brake is installed. On the left handlebar, the rare brakes are installed. Bright LED lights are installed so that users don’t face any problems during riding at night.

The motor of this Ancheer e-bike is 250W and 500W. The seat is adjustable and replaceable. if you are not comfortable in that seat then you are replacing it with your chosen one. The bike is easily charged and the battery is removable. The mileage range of this bike is 15 to 30 miles. The meter is operated at 3 levels; low, middle, and high. The features of this bike make it from the best electric bikes under $500.This e-bike has 3 modes of working: Assisted, Electronic, and Manual. we can also use 2 modes at a time by pairing.

Sturdy body:

This bike has a fork made of carbon steel and handles of aluminum alloy. The body of the cycle is lightweight yet healthy due to double-layered Aluminum. The bike is foldable, easy to carry, and compact.

3-mode of Biking:
One of the prominent features of the bike is it can be used as a manual bike, Assisted bike, and Electric bike. You can even pair up two modes for long routines and exercising purposes. The mode of the bike can be selected by the monitoring Meter operator placed on the handle of the bike.

Battery and Millage:
It comes with a 36V 8Ah Lithium battery with a smart charging system. The rane of mileage is about 15 to 30 miles, and a high-speed brushless gear motor assists you in maintaining a speed of 15mph.

Gear and Brake shift system:
The speed is adjustable according to the 21-speed transmission; it all depends on your preference. There are two disc brakes, placed on the front and back wheels. With the help of a horn and LED headlamp, you can smoothly ride the bike at night.

Note: It comes with a one-year service warranty for the electric motor, battery, and charger. You can also ask for the ‘Assembly’ service at the time to purchase, free of cost. You just have to pick up the bike from the store. The bike also comes in three designs.

 

 

 Very Sturdy & One of the most Selling E-Bikes 

 

 

 

3. SWAGTRON Swag Cycle EB5 Plus Folding Electric Bike

 

Swagtron Swag Cycle is an electronic folding bike that is best for Adults and Youngsters. The bike is light weighted because it is made up of aluminum. Its tires are 16 inches and made up of rubbers. The bike is adjustable, user can adjust the size of the seat and handbrakes according to their comfort level. This bike introduces the power assist mode that helps you to get the experience of the limitless ride by changing the throttle power or just using it manually. It has a battery of 250 Watt that charge in 4 to 5 hours. After a full charge, it covers the distance of 15.5 miles by using power assist mode and paddles.

Its auto guard technology feature helps the user in sudden brakes and maintains her body and bike. It protects you from sudden accidents. It is arguably the best folding electric bike with respect to average customer reviews. It is of the best electric bikes under $500 because of the following features.

Design:

This bike is made from aluminum, making it lightweight. Moreover, it can easily be folded three times into a compact size to carry around easily. Both of the air-filled rubber tires of this bike are 14 inches and in-lined with quick-disconnect power lines to help better traction.

Adjustable Height:
It is highly customizable. You can adjust the height of the seat and handlebars according to your height and comfortability.

Power Assist:
It comes with power assist mode. You can just change the throttle to power assist for 15mph or just use the bike only as a manual bicycle. This feature provides you with a limitless riding experience.

Battery and Millage:
It comes with a robust 250-watt motor and a Lithium-ion battery that takes up 4 to 5 hours of charging. It can cruise up to 15.5 miles with the full battery while toggling between pedaling and power assist mode.

Auto-guard technology:
The auto-guard technology helps you in applying brakes during sudden hurdles. This feature allows you to maintain the balance of your body and the bike without any accidents.

Note: It comes with two battery options, Standard and Removable battery. It is delivered pre-assembled as well.

 

 

 Highly Adjustable E-Bike 

 

 

 

4. ANCHEER Folding Electric Bicycle

 

The Ancheer Folding Electronic Bike is easy to carry because of its folding feature. The frame is according to Dolphin design and light in weight that you can carry with just one hand. It introduces a new feature of Bluetooth by which you can connect your bike with your mobile and you can monitor your bike speed, distance, battery life and riding times, etc. The bike is also locked by a mobile phone. It has a 350 Watt motor and 36volt battery. Battery charge in less than 3 hours and cover a distance of 20km to 25km. The Battery is protected with IPX5 waterproof technology that saves the battery from water. The best electric bikes under $500 have the following qualities,

Design:

The frame of the bike is made of Aluminum alloy with a dolphin design. The cycle is the most compact and lightweight in that it can be carried around with just one hand.

Bluetooth system:
The bike system can easily be connected to your smartphone. You can monitor its battery life, speed, mileage, the time duration of the ride, and bike self-test on Handlebar Display. You can also lock the bike using your phone.

Battery and Millage:
It has a powerful 350 Watt high-speed motor and comes with a 36V 6Ah Lithium battery with a smart charging system. The top speed of the bike ranges from 20 to 25 km/h. The battery charges in less than 3 hours.

Waterproof:
IPX5 Waterproof technology protects the battery from water so you can enjoy your ride on a beautiful rainy day.

Note: It comes with a one-year service warranty for the electric motor, battery, and charger.

 

 

 Highly Economical 

 

 

 

5: NAKTO 26″ 250W Cargo Electric Bicycle

 

A Cargo bicycle is used to carry things from one place to the other without any difficulty so it has a rack on the back. The durable carbon is used to design the frame of the cycle. The bicycle has a v-shaped brake at the front wheel and a rear brake, thats are fully covered due to safety measures. It has a 36V 10 AV battery. It covers a distance of 28 to 35 miles. The bike can operate in two modes; Electric Mode and Assist Mode. You can use any one or a combination of both. It provides us with 6-speed transmission modes with power breaks that can be used according to requirements.

High-quality components:
The frame of the bike is made of high-strength and durable Carbon steel. The frame has premium comfort shock absorption also.

Brake and Gear shift system:

It has two brake systems. The front wheel has a V brake system, and the rare wheel has an expansion break. The brakes are fully protected which ensures your safety.

6-Speed-Transmission System:

There are six-speed choices you can select according to your preference and the speed is fully controlled by the power brakes for your safety.

Battery and mileage:

It has a 36V 10AH lithium removable battery with a smart charger. The highest speed the motor can offer is 18-25 MPH, and the battery can support 28 to 35 miles of distance.

Dual working modes:

It has two modes, the Electric and Assists mode. You can easily choose between the modes according to your travel, or you can combine the two modes as well to enjoy even better workability.

Note:

It and the battery have a year warranty. One of the benefits of purchasing this bike is that it’s 95% assembled before shipment to avoid any damages in transit. You just need to assemble the handlebars and the front wheel. This is from the best electric bikes under $500 for those who are looking for an in-one features bike.

 

 

 Very Efficient 

 

 

 

6. Emdaot 26” Electric Mountain Bike

 

Emdaot Electric Bike is full of all the functionalities that are required for a mountain bike. Its frame was designed with aluminum alloy that is covered with shiny black. As it is a mountain bike so it has 21-gear systems that are helpful in mountain climbing and rough tracks. Through its strong gears, you can easily manage on any surface. It has 250 Watt motor and 36V 8Ah battery and provides a speed of 15mph. It has 3 modes of working; assist, manual, and electric which can be chosen according to the preference. It has adjustable seat, a horn, and a headlight for night use.

Quality frame:
It is made of a maneuverable aluminum alloy frame that is long-lasting and durable with a beautiful shiny black finish.

Gear shift system:

It has a 21-speed gear system that stabilizes the bike during hill climbing and trekking. The gears are powerful enough to control the bike through the rough and uneven track.

Battery and millage:
It consists of a 36V 8Ah battery with a combination of 250W powerful motors that can provide speed up to 15 mph.

3- Working modes:
Emdaot 26” folding bike has three riding modes, electric bike, manual bike, or assisted bicycle. You can choose the modes based on the terrain and your personal preferences. You can also add speed using the throttle.

Note: It has an adjustable seat, ergonomic handlebar with anti-slip, and wear-resistant tire. The bright LED headlight and horn are attached to the bike for night riding.

 

 Very Powerful 

 

 

 

7. Goplus 20” Folding Bike

 

Goplus 20″ Folding electric bike is designed with aluminum alloy and the front fork is designed with carbon steel. It is best for traveling and short trips to the mountains. It has 250 Watt motor and 36V 8Ah battery that gives mileage of 15 to 30 miles. Can be adjusted according to the user’s comfort level. It has a BS Reflector system that reflects the light on the back of the user at night to protect them from accidents. The tires are designed with high-quality material so that they can be used on wet and dry roads. It has a 7-speed transmission that can be changed. The Bike has a front gear and a v-shaped rear gear that makes it unique.

If you need a secure, durable, and powerful bike then this is the best electric bike under $500 for you.

Battery and mileage:

It comes with a 250W motor and 36V, 8AH lithium battery. It gives mileage of 15 to 30 miles. The bike comes with UL approved charger.

Adjustable seat and handles:
It comes with a simple flip and folds lever that helps the rider to adjust the cycle according to their height and comfort level.

BS Reflectors:
The pedal and wheels have a BS reflector that can reflect light from the vehicles behind you while riding the bike at the night to avoid accidents.

Slip and wear-resistant tires:
The tires are made up of high-quality rubber that alloy rims that make them sturdy and durable on wet and rough roads.

Shimano Transmission handle:
It has a responsive 7-speed transmission handle that helps you to switch between different speeds during the ride.

Powerful V brakes:
The bicycle is equipped with front and rear V brakes, which make the brakes more efficient and shorten the braking distance when riding out.

Note: It is 98% assembled before the shipment. You just have to assemble the wheels to use.

 

 

 Overall Secure 

 

 

8. SWAGTRON SwagCycle E-Bike

 

SwagCycle is designed with industry-leading features. Its frame is designed with aluminum. It can easy folded and kept in any size of trunk. It has a 250W motor and 36V battery that charge in 2.5 hours. Its mileage is 10 miles after a full charge. It introduces a monitoring system, a screen on the handlebar of the bike that shows your battery charging and it has a charging port like a mobile phone. A powerful horn and a headlight for the night are already installed. It is fully automatic and has no pedaling system.

Compact Design:

The cycle has a sleek aluminum frame designed with elegance. It is foldable and can fit into trunks of all sizes.

Powerful motor and battery:
It has a 36-volt battery that comes with a charger. The charging duration of the cycle is up to 2.5 hours, and a full battery can give you a ride of up to 10 miles. This bike has a 250W power motor.

Monitoring system:
The handlebars have a screen that displays battery life for your ease. It also has a USB charging port for your devices like a smartphone.

Safety gears:
It has a headlight for a safe ride in the dark. It also has a powerful accelerator and horn.

No-pedaling Technology:
It is fully automatic. The No-pedaling technology requires no human force for pedaling the motorcycle, making it effortless.

Note: It comes with one year of warranty from the SWAGTRON and is available in two colors.

 

 

 Best Design E-Bike 

 

5Common Problems and Their Solutions for Electric Bikes:

There are some common problems with Electric Bikes and their Solutions are also provided, as follows;

• By overcharging, the batteries are heated up and may be damaged. So, avoid overcharging the battery.

• While charging the batteries are heated up and need air to cool down. So, avoid covering the batteries

• The motor has two common issues. First, the motor causes noise due to disk break and gear worn out. Second, the motor stops spinning due to controller problems. So, check the motors of the bikes.

• The wire connections may break due to extreme vibration. So, Periodically check the wire connections.

• Throttle systems are damaged due to inappropriate use of it and resultantly break the wire that connects the throttle to the motor.

A complete Buyer Guide for the best electric bikes under $500

When we are going to buy anything in the market, we see a lot of products and we have a lot of choices. It’s difficult for us to choose from them because everyone has some specialty that attracts us. So, this will help you to choose the Best Electric Bike under $500.Following are elements you need to distinguish between the models of the bikes before purchasing:

Frame:

Bikes are the mean of transport that we use to travel from one place to another. Many of us use bikes in our regular routines like home to the office, to school, to college, and vice versa. Some people love bikes and like riding in the mountains. So, it’s very important to check the frame of a bike before buying. If the frame is weak then it doesn’t carry heavy weight. Maybe you have to take some extra weight with you then it’s difficult.

We prefer that you buy a durable material product like aluminum etc, The wheel and forks are made up of long-lasting material like carbon, etc.

Adjustable:

The Adjustability of the bike seat and handle height is a plus point. It is a very useful feature because if a person is not comfortable during the ride then how does he/she drive it? We learn from your childhood that “sharing is caring” if a bike has an adjustable feature you can fulfill that quote by sharing your bike with your friends and family members.

Before buying a bike you just need to check the adjustability of the bike handles and seat.

Mileage

The average distance that bike covers are crucial. It helps us to determine the capacity of the battery and the quality of the built-in motor. The bikes with high-powered motors and excellent batteries will guarantee a long-mile range.

Another thing that affects the mileage of the bike is the mode. If the bike is fully electric, then the mileage may vary. Assist mode bikes are recommended for better mileage because it helps you to cover long distances with efficient use of battery and also help you exercise as you are pedaling the distance away.

LCD Monitor

While traveling safety is the most important point. If you are going for a long ride then you must need a source that connects with your bike and you can easily check then the bike battery, and the distance covered by you. So before buying an electric bike must check whether it has a monitor system or not. If not then whether it connects with the mobile or not.

Motor and Battery:

Motor and Battery are the most important component of any machine because it helps the machine to work properly. To check the Motor and Battery of the bike you need to check the mileage of the bike. It helps you to determine the capacity and the quality of the bike.

Mode:

While buying an electric bike you have to check the modes of the bike. Because the modes are helpful in multiple ways like you can use manual mode for exercise and electric mode for covering long distances etc.

The most recommended bikes are the assist mode because they are used for long distances and exercise purposes also. It gives better mileage.

Portability

A bike is common means of transport and you may need to carry it from one place to another by yourself. For this case, you look a bike that is less in weight e.g weight under 18kg or 40lbs. You can also look for a foldable bike that can easily carry in the suitcase or trunk of cars etc.

Safety

An electric bike is used as an everyday vehicle by many people. Before you ride the bike on the road, you need to check a few things like the brake system, Headlights both front and back, and Horn.

While using an electric bike, try to find waterproof battery coverage to avoid electrocution. Also, look for the shock absorption structure to prevent physical injuries while riding the bike over rough surfaces. Many people also consider the locking system of the cycle to avoid theft.

You can also look for anti-slip built-in tries to avoid slipping on wet and rough roads. Few people consider replacing tries in their favorite models for better usage. Besides that, a bike should include a proper locking mechanism so that you can be tension free about it while leaving it in the garage or parking lot.

Frequently Asked Questions (FAQs) 

Electric Bikes of the following Brands are the best. I think if you buy the best electric bikes under $500  then you must love them.

Which brand is best for Electric Bikes under $500?

1. Ancheer

2. Shaofu

3. Swagtron

4. Nakto

5. Emdaot

6. Goplus

How long do Electric Bikes Last?

The life of an Electric Bike depends on its usage and quality. A Bike may be proof a good friend of yours if you can take care of it and properly keeps its maintenance. The Average age of electric bikes is 10 years. It may vary on your love of bikes. It may increase or decrease according to it.

Which electric bike has the longest range under $500?

Shaofu Folding Bike has the best mileage under $500. After a full charge, it covers a distance of 25km to 50km.

What is the best cheap electric bike?

ANCHEER Folding Electric Bicycle is the best cheap electric bike under 500 in our reviewed list. It has impressive functionality and is ideal for beginners to experience the luxury of the electric bike.

What is the best electric bike for the money?

We recommend Shaofu Folding Electric Bike. It is an excellent choice because of its design, compatibility, and durability. The features the bike provides are an incredible deal at this affordable price range.

Are electric bikes worth the money?

Best electric bikes under $500 to $15,000 based on the features you want on the bike. Undoubtedly, they’re worth a pretty penny. One of the biggest reasons for electric bikes being worthy is that they require a one-time investment. It also saves your expense of fuel and other transportation fares.

What are the disadvantages of electric bikes? 

One of the most significant disadvantages of electric bikes is they run on batteries. They might be the not best companion for a long ride, but a few of them are not entirely battery-dependent also. You can always switch between manual pedaling and automatic pedaling during the ride to save battery for the long run.

Why do electric bikes cost so much?

The main reasons today why electric bikes are more expensive than conventional bikes is that they have more expensive components when they are built. E-bikes also have higher running costs because of servicing, battery replacement, tire wear, and charging. If have a low budget, we have written a detailed review about high-quality yet cheap best electric bikes under $500.

Do you pedal an electric bike?

It depends on the type of electric bike you choose. If the bike has a dual pedaling system, then you can always switch between manual pedaling and automatic pedaling during the ride. The duration of manual pedaling is entirely up to your will and stamina.

Conclusion

We know it is tough to choose an electric bike from so many options. We hope that your complication should have been solved after reading our suggestion. With the help of these in-depth researched reviews and buying guides, you can quickly narrow down the options based on your requirements.

The Best Electric Bikes under $500 in 2024 mentioned in this review are quality guaranteed with a sturdy and out-class performance in the long run. Their designs are sleek and eye-catching for not just sports but also for regular use. These are the most convenient rides and ideal for your pocket, and the environment, and don’t even take lots of parking space too.