Cheap Electric Bikes Under $500

Not everyone can afford $1,500-$4,000+ electric bikes a lot of people including can only afford electric bikes that are economical, inexpensive, or low cost. Here are some electric bikes that will not burn your wallet.


1. SWAGTRON SwagCycle E-Bike $399.99 – This folding electric bicycle has a 10 Mile Range. It has a collapsible frame, and a handlebar display. It is powered by a 36v battery and a 250-watt motor that charges in 2.5 hours. The frame is aerospace grade aluminum since it is foldable it easily fits in trunks. It is equipped with a handle bar display that shows battery life. This bike is 100% electric and emissions free, saving you money while also saving the environment.



2. Watseka XP Cargo-Electric Bicycle-26"-6 speed $499.99 - this electric bicycle is a cargo type with low step frame design. It is equipped with 250-Watt brushless motor with a 36V 9Ah removable AGM battery pack that has a long lasting battery life. The speed of this E-bike can reach up to 14 mph and averages 16-18 mile range depending on riders weight, usage and terrain.








3. Goplus 20" 250W Folding Electric Bike Sport Mountain Bicycle 36V Lithium Battery $439.99 - this electric bicycle is great for travel since it's compact, lightweight compared to other E-bikes and it requires only minimal storage space. It is powered by a removable 36V, 8AH lithium battery that can make you ride up to 25-30 kms. The frame is 100% aluminum alloy and the front fork is made of high-strength carbon steel. This bike is great for uphill ride it requires very little effort on the rider's part.




Lead acid batteries are not bad, they just don’t have the same performance features of a lithium ion battery pack. Some e-bikes and kits offer the ability to upgrade to a lithium ion pack.  You could start out with a lead acid battery pack and later upgrade to a lithium ion pack if you find that you would like a lighter battery with a longer life span.