Top 5 Cheap Best Electric Bikes Under 500 Dollars [2020]

Just when we thought bicycles couldn’t get any better, electric bikes made their revolutionary debut into the market. The idea of an electric bike was conceived over 120 years ago. However, their use has only recently become notably prominent. Electric bike mass production kicked up during the turn of the century. From then on, their qualities and features have only gotten better.

In the recent past, more cyclists have found themselves gravitated towards E-bikes. And as you would expect, this has lead to a dramatic surge in their production. Multitudes of manufacturers have come up in an attempt to tap into this growing sect of the market. As a result, there’s an insane E-bike influx in the market.

As a buyer, you’re definitely spoilt for choice when it trickles down to the available options. However, the mere magnitude of choices can get very overwhelming for anyone on an E-bike hunt.

With that said, we thought it smart to whip up an E-bike buying guide. It’s intended to offer much-needed assistance to any interested parties. In this write-up, we explore E-bikes as intently as possible. We take things up a notch and throw in a couple of detailed reviews of some of the markets best models. After reading this, you should have a crystal clear idea of just what you want. Do stick around.

Top 5 Best Electric Bikes Under 500 Dollars Comparison Chart

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Why You may Need an Electric Bike

So, you already own a normal bike; that’s more than enough for you, right? Now let’s re-examine that. What if I told you that you might want to reconsider your choice and get yourself an E-bike instead. I know, I know, it sounds bonkers.

But here’s the fact, E-bikes sit in a fluff of benefits that you may want to cash in on. This is something you don’ t want to miss out on. But that’s more than enough blabbering around. Its time to back these claims. Here are some of its most celebrated merits.

Swagtron E30512-2 SwagCycle Classic E-Bike - Folding Electric Bicycle with 10 Mile Range, Collapsible Frame, and Handlebar Display (Black)Speed

Compared to a typical bike, E-bikes are essentially lighting fast. Don’t get me wrong, they may not match up to your car. However, they move fast enough to get you to places right on time. The best part is you don’t have to break much sweat to unleash this potential. Their motor-assisted pedaling system saves you lots of pedaling energy. These motors also drive the bikes at unbelievable speeds.

Economical

Electric bikes, compared to cars and motorbikes, take off a great deal of stress on your finances. With automobiles, you spend hundreds if not thousands of dollars on fuel and maintenance. With an E-bike though, all you need is electricity and a compatible charger to fully restore its energy levels. Their purchase prices are also considerably affordable.

Eco-friendly

Vehicles emit gases that are slowly killing our planets. E-bikes offer a much safer option that works almost as well while saving you a great deal of energy. It’s always gratifying when you make a conscious decision to save the planet. Why not give it a shot.

Goplus Folding Electric Bicycle Portable E-Bike with 15.5 Mile Range, 250W 36V Motor and Disc Brakes, Collapsible Frame, Pedal-Assist and LED Monitor Display (Black)

How to Choose an Electric Bike

Like any other bike, there are particular aspects that determine an E-bike’s efficiency. Any smart cyclist knows better than to buy a bike based off of its look. There’s always a lot more to a bike’s adeptness than just that which meets the eye.

The following compilation highlights core factors that make or break E-bikes. A keen analysis of the following traits is the first step to getting your hands on that ideal E-bike. Without further ado, let’s jump right into it.

Goplus Folding Electric Bicycle Portable E-Bike with 15.5 Mile Range, 250W 36V Motor and Disc Brakes, Collapsible Frame, Pedal-Assist and LED Monitor Display (Black)Frame

When it comes to bikes, the frame is essentially the functionality backbone. Frames determine a bike’s strength, and it’s capacity to hold out even under extreme pressure. Heavy examination of an E-bike’s frame is more than necessary. That way, you are able to determine the level of workmanship put into the bike’s forgery.

You must also consider the nature of your cycling terrain and the bike’s motor power. High power system bikes require dropouts to keep the motor steady in place. More powerful motors require bigger dropouts for reinforced stability. Be sure to keep that in mind.

Battery

E-bikes run on pedaling assist motors, which are powered batteries. So I cannot stress the importance of a good E-bike battery enough. Skimpy batteries are unreliable, and in some extreme cases, can be hazardous. There cases of cells blowing up in flames during a ride. As a cyclist, the last thing you want to do is have your life on the line. A good quality battery is a no-compromise necessity.

Battery range is another imperative factor that should be considered. Range basically refers to a battery’s total amount of power. This loosely translates how long it runs before dying out. Your battery of choice should match your average cycle duration to avoid any mishaps.

ANCHEER Folding Electric Bicycle/E-Bike/Scooter 350W Ebike with 12 Mile Range, APP Speed Setting (White-6AH)Suspension

A flimsy suspension system could be fatal. You need full-time control of your E-bike’s movement, that goes without saying. And one of the surest ways to secure that is through a spruce suspension system.

Cheap coil suspensions are dead weight; they don’t help your case much. Higher-end, much more expensive suspensions, on the other hand, are tremendous lifesavers. Some air folk suspension systems are even adjustable. They can be tailored to fit the rider’ weight as well as to fit the surrounding milieu. In short, when it comes to the suspension, don’t gamble, go for the best.

Spokes and Rims

Now the wheels are a bike’s contact point with the ground. That said, they have to be virile. The rims, for one, should be sturdy enough to take on the hard ground ruthlessly. When choosing rims, always go for reputable brands with a strong and transparent history. Its always good to know just what you’re buying into.

As for the spokes, the last thing you want is them snapping on you while on the road. Whether you choose stainless steel spokes or fill wood spokes, ensure they are brawny enough to last a lifetime. Also, be sure to check how straight they are. Curvy spokes are never a good thing; keep your eyes open.

Brakes

The stopping power of a bike could save your life. That is why there is no room for error when it comes to picking out E-bike brakes. Brakes are best gauged through feel. What looks good on paper may not be the best on the ground. Before settling, test the brakes out; ensure they work right. For long term security, try brake discs from renowned brands. They cost might you an arm and a leg but they offer unerring efficiency.

With that out of the way, let’s move on to the next chapter of the article. The following are detailed reviews of some of what we regard as the market’s best E-bike. We examine each diligently to give your a transparent overview.


Cheap Best Electric Bike Under $500


5 Cheap Best Electric Bikes Under 500: ANCHEER Folding Electric Bicycle/E-Bike/Scooter 350W Ebike with 12 Mile Range, APP Speed Setting (White-6AH)

Ancheer’s Folding Electric Bicycle / Ebike / Scooter

Ancheer always seems up to date with consumer trends and preferences. It is no wonder, then, that the Ancheer folding electric bicycle is built to fit every cyclist’s dream. Its a beautiful work of art with astounding capabilities. It is proven to be an adroit choice in multiple ways. Whether its road efficiency or storage convenience, this model definitely has your back.

An E-bike this adept is a rarity in the under $500 category. But Ancheer went on ahead to achieve the seemingly impossible. Its always a pleasant surprise every time they debut another one of their revolutionary conceptions. This model is a perfect showcase of its manufacturer’s splendor. Let’s see just what it has to offer.

ANCHEER Folding Electric Bicycle/E-Bike/Scooter 350W Ebike with 12 Mile Range, APP Speed Setting (White-6AH)Body Design

Now, the Ancheer folding electric bicycle features an innovative aluminum alloy folding frame. This collapsible aspect makes it a cinch to store no matter how limited space is. The bike’s body is built from top grade, waterproof materials. Evidently, its a durable model bound to last a while.

The frame is beautifully sculpted to resemble a dolphin. This sleek, contemporary body is dutifully streamlined. It cuts through the air with ease, especially at an extremely high speed. Thanks to its materials, the frame also holds up impressively against pressure.

Its wheels, which are made from double layered aluminum alloy, are pretty badass too. They feel stable and steady-solid on the road. These 12-inch wheels also happen to be as tough as nails; they don’t tear easily. The bike has an innovative headlight supplemented by a red brake light at its rear to aid with visibility.

ANCHEER Folding Electric Bicycle/E-Bike/Scooter 350W Ebike with 12 Mile Range, APP Speed Setting (White-6AH)Specs

It’s clear that the Ancheer folding e-bike’s body is a shoo-in, now let’s see what else it has to offer. Its 350 Watt high-speed motor is fierce on the road. It allows a rider to cover 20-25Km/h without much strain. It has impressive torque; enough to have you flying on the road for hours on end.

The motor is powered by a competent 36V/6Ah battery. The lithium battery comes with its own smart charger. It takes anywhere between 4-6 hours to fully charge the bike. The motor, paired with the remarkable battery life gives the bike a 12-mile range. That much distance is quite fine by most standards.

Even more importantly, the assemblage is a breeze with this bike. All its parts seem to fit into one another without much of a struggle. In just a few hours, you can have this bike up and running.

Technological Additions

Most of this bike’s physical aspects are a seeming perk. In spite of all that, it also features virtual extras for that icing on the cake. Its app supporting system allows for the use and display of several monitoring tabs while on the bike.

It comes with a Bluetooth system, an app speeding setting, motor locking, mileage and time recording, and cruise control. The bike also comes with an E-bike self-test to gauge its abilities on the road.

CLICK HERE for More Information and Current Pricing on the Ancheer’s Folding Electric Bicycle at Amazon.com

Pros

Pros

• Can be folded for convenient storage.

• Nippy and extremely simplified assembly.

• Pleasant amount of torque.

• Good looking, efficient design.

• Very versatile.

Cons

Cons

• Doesn’t handle steep terrains very well.

• TInstruction manual is not the easiest to understand.

• Long battery charge time.

CLICK HERE for More Information and Current Pricing on the Ancheer’s Folding Electric Bicycle at Amazon.com

5 Cheap Best Electric Bikes Under 500: SWAGTRON Swagcycle EB5 Lightweight & Aluminum Folding Ebike with Pedals, Black, 58cm/MediumSwagcycle’s EB-50 Pro Lightweight & Aluminum Folding E-Bike

As you dig deeper, you get more and more blown away at just how much the under $500 E-bike category has to offer. When we came across the SwagCycle EB-5 Pro, we couldn’t believe it belonged in this category. Quite frankly, this bike is a great value for your money. It’s got all the right features, most of which are of superior quality.

What I love most about this bike is how incredibly flexible it is. Every aspect of the SwagCycle EB-5 Pro is meant to make your experience hassle-free. From the assemblage right down to navigation, this thing is a relief! The best part is that you can adjust your comfort levels by adjusting its frame to your preference. This also means it’s also suitable for a range of body shapes and sizes. What more can I say; you’ll love it.

SWAGTRON Swagcycle EB5 Lightweight & Aluminum Folding Ebike with Pedals, Black, 58cm/MediumBody Design

There are very few E-bike a frame structure as efficient as that of the SwagCycle EB-5 Pro. Its frame is made of heavy-duty aluminum; it creates a very solid foundation for the bike structure. The bike’s handlebar and seat are adjustable to alter the befitting height. This practical characteristic makes it easy to mold a cozy fit on the bike.

This E-bike is powered by a brushless motor. Quick disconnect power lines link up the motor to the rest of the bike. The lines can be fully removed for quick and easy maintenance.

The bike’s overall design is not typical. Even so, it’s not exactly striking either but is nevertheless adequate.

Its 14-inch wheels are relatively strong. These air-filled rubber tires feel significantly moored; they run seamlessly. The bike also comes with a power button for automatic starting and shutting down.

SWAGTRON Swagcycle EB5 Lightweight & Aluminum Folding Ebike with Pedals, Black, 58cm/MediumSpecs

The SwagCycle EB-5 Pro runs on adequate gizmos that make it a perfect companion on the road. First and foremost there’s it long lasting battery.

Its 36V lithium-ion battery is very reliable and packs quite an amount of power. It takes around 5 hours to fully charge it. On a fully charged battery, the bike offers a 15.5-mile range.

Secondly, there’s the motor. Its 350 Watts motor is as potent as they come. It allows for a full-on maximum speed of 10 miles per hour.

Thanks to its auto-guard feature, you are able to keep tabs on the motor-braking relations. The motor automatically disengages upon braking for reinforced safety.

The SwagCycle EB-5 Pro’s stopping power is phenomenal. That is always a plus when it comes to safety. It is also important to mention its simple navigation system. In essence, it’s super easy to drive around.

CLICK HERE for More Information and Current Pricing on the SwagCycle EB-5 Pro Folding EBike at Amazon.com

Pros

Pros

• Inexpensive; very affordable.

• Its adjustable factor makes it super comfortable.

• Emergency brakes reinforce road safety.

• Great craftsmanship and body assembly.

Cons

Cons

• Short battery life.

• Pedaling is very difficult without the battery.

• Its design is not the most aesthetically pleasing.

CLICK HERE for More Information and Current Pricing on the SwagCycle EB-5 Pro Folding EBike at Amazon.com


5 Cheap Best Electric Bikes Under 500: shaofu Folding Electric Bicycle – 350W 36V Waterproof E-Bike with 15 Mile Range, Collapsible Frame, and APP Speed Setting (Black-6AH)

Shaofu’s Folding Electric Bicycle

It’s nearly impossible to argue against the Shaofu’s E-bike apparent magnificence. Designed to resemble a dolphin, this E-bike is hardly a disappointment. The bike’s body is well made; the finishings are impeccable and tight. Shaofu also takes things to another level with its revolutionary inclusions.

The Shaofu folding electric bike is designed for ease of use. Its collapsible skeleton is not only easy to store but is also a breeze to carry around. Normally, anything light is perceived as fragile. This bike, however, despite its lightweight trait, is deemed to be tough as nails. It’s built to last years on end while retaining its initial resilience all through.shaofu Folding Electric Bicycle – 350W 36V Waterproof E-Bike with 15 Mile Range, Collapsible Frame, and APP Speed Setting (Black-6AH)

Body Design

Like I mentioned earlier, the Shaofu E-bike’s frame is collapsible. This means you can fold the frame into a more compact structure. This not only saves on storage space but also makes this bike a bed of roses to carry around. The frame is molded from aluminum alloy. This thoughtful, top grade material is the reason behind this bike’s durability.

Going on to its wheels, their size is modestly sufficient. These 12-inch masses of double-layer aluminum hold up the bike’s frame with notable might. These wheels prove capable of withstanding rugged grounds for extended periods of time. To aid navigation even further is a bright LED headlamp and a horn. These come in especially handy at night.

Carbon-coated brakes serve the bike with immense steadfastness. The Shaofu E-bike prides itself on its reliable rear disc brakes. The brakes possess incredible stopping power that always up to to the task when the need arises. The E-bike’s overall body is endowed with IPX5 waterproof range.

Unfortunately, you might struggle a bit when it comes to assembling everything together. Due to a lack of clear, well laid down instructions, you have to find your own way around. However, its parts are easily recognizable and therefore a cinch to pair.

shaofu Folding Electric Bicycle – 350W 36V Waterproof E-Bike with 15 Mile Range, Collapsible Frame, and APP Speed Setting (Black-6AH)Specs

When it comes to electric bicycles, power is everything. That’s why the Shaofu E-bike’s 250 Watt motor is a spectacle. This competent gizmo pumps a considerable amount of power into the bike. The motor is served by a potent 36 V lithium battery with a 350 Watt capacity. This combination gives the bike a 15.5-mile range.

At its fastest, the bike can run for 20-25km before exhausting its battery power. The lithium battery takes 4-6 hours to charge to full capacity. Its easy charge port system allows for charging both on and off the frame.

Even more conveniently, the Shaofu E-bike comes with an innovative supporting system. It comes with a Bluetooth system, an app speed setting, motor locking feature, mileage, and time recording and an E-bike self-test.

This assortment of functions helps ease navigation on this bike. Each function helps keep tabs on the overall specs. It, therefore, eliminates numerous surprises that would otherwise be fatal.

CLICK HERE for More Information and Current Pricing on the Shaofu’s Folding Electric Bicycle at Amazon.com

Pros

Pros

• Comfortable to ride on.

• Tech support system to keep tabs on bike’s functions.

• Foldable frame for easy storage and mobility.

• Well made body and reliable design.

Cons

Cons

• The brake may be a bit problematic.

CLICK HERE for More Information and Current Pricing on the Shaofu’s Folding Electric Bicycle at Amazon.com

5 Cheap Best Electric Bikes Under 500: Goplus Folding Electric Bike 350W Lightweight E-Bike Mini Electric Bicycle Scooter Max Speed Up to 19 MPH with 12.5 Mile Range, Cruise Control System, APP Speed Setting and Headlight (Black)Goplus’s Folding Electric Bike / Scooter

Goplus is killing it with their ground-breaking electric models. In the recent past, the market has seen a good number of game-changing models from these master creators. Our focus today narrows down to their Goplus folding mini electric bike scooter.

What I love most about this model is its particular focus on safety. Evidently, Goplus went out of their way to ensure this bike takes good care of its riders. In addition to that, they also threw in a bunch of contemporary tech features. Overall, the Goplus folding mini electric bike may not be the best E-bike out there. Nevertheless, its definitely one of the friendliest.

Goplus Folding Electric Bike 350W Lightweight E-Bike Mini Electric Bicycle Scooter Max Speed Up to 19 MPH with 12.5 Mile Range, Cruise Control System, APP Speed Setting and Headlight (Black)Body Design

With a safety first kind of mentality in place, the Goplus folding mini electric bike is armed to the teeth. First of all, its body is ultra light; its unlikely to cause unwanted fracas when under transit. Then comes it’s bright front headlight which illuminates the path in dull ambiances. The bike also comes backed by a rear tail light; that allows for explicit sightings in the dark.

Moving on to its frame, the bike features a hardcore body. It’s aluminum frame can withstand pretty much any hazard thrown in its direction. Its head is also foldable to promote no-brainer storage. While its manufacturers intended it to retain a long lasting resilience, they also made sure this E-bike was light. With that said, unlike most other bikes, you won’t have to worry about storing and moving this one.

Down to the wheels, I can only say one thing; they rock. Shock resistant tires guarantee an epic ride every single time you take this bike out. They create better traction and bolster control regardless of the terrain. These wheels also retain a steady feel even when at lighting fast speed.
Lastly, when it comes to assembly, it comes with a reliable manual to light up the way for you. Since the instructions are already well laid down, putting everything together is a snappy process.

Goplus Folding Electric Bike 350W Lightweight E-Bike Mini Electric Bicycle Scooter Max Speed Up to 19 MPH with 12.5 Mile Range, Cruise Control System, APP Speed Setting and Headlight (Black)Specs

The Goplus folding mini electric bike is driven by a 350 Watt motor. When pushed hard, this motor works faithfully to give satisfying results. It can have a rider flying at 19mph when fed sufficient power. The best part is that it can keep that speed up for about 15.5 miles.

My bet is that you’re wondering what type of battery it takes to push a motor that hard. Well, say hello to its 36V 6AH battery. Palpably, its spits an impressive amount of power with ease. And it only takes 3-4 hours to fully recharge. Best of all, the bike features a battery indicator. It lets rider’s keep tab of their battery’s total power residue.

As if things couldn’t get any better, Goplus goes on and throws in a helpful app system into the package. Riders get to experience a little virtual assistance while on the road.

This smart feature addition includes speed adjust, lock bike, and controller temperature. It also comes with cruise control, a function that allows riders to enjoy constant speed. This reduces fatigue and saves energy.

CLICK HERE for More Information and Current Pricing on the Goplus Folding Electric Bike / Scooter at Amazon.com

Pros

Pros

• Easy to interpret navigation and assembly manual.

• Speedy and need assembly.

• Affordable price tag.

• Includes safety features.

• Shock absorbent tires that help prevent unnecessary accidents.

Cons

Cons

• Only works best on flat ground.

• Surges when pedaling on gravel or muddy ground.

CLICK HERE for More Information and Current Pricing on the Goplus Folding Electric Bike / Scooter at Amazon.com


5 Cheap Best Electric Bikes Under 500: Goplus Folding Electric Bicycle Portable E-Bike with 15.5 Mile Range, 250W 36V Motor and Disc Brakes, Collapsible Frame, Pedal-Assist and LED Monitor Display (Black)

Goplus’ Folding Electric Bicycle Portable E-Bike

Goplus sure knows to ruffle some feathers. I say this confidently because they just seem to be on a constant roll. Their E-bikes are both exceptional and super adept. The good people over at Goplus clearly know what the market wants. And from the look of things, they work tirelessly to deliver just that.

In this section, am referring to the Goplus Folding Electric Bicycle Portable E-Bike. This gorgeous bike is an embodiment of every cyclist dream. It comes with everything you could ever need in an E-bike if not more. Safety, efficiency, affordability, and convenience; this bike is the full package.

Goplus Folding Electric Bicycle Portable E-Bike with 15.5 Mile Range, 250W 36V Motor and Disc Brakes, Collapsible Frame, Pedal-Assist and LED Monitor Display (Black)Body Design

This E-bike is made from very tough materials. The frame, for instance, is made from aluminum alloy. The frames pride themselves on their lightweight and easily portable facilities. The bike’s collapsible frame save on space when its storage time. It also makes it tremendously convenient to move around with.

On top of its rich alloy body, the Goplus Folding Portable E-Bike features an ergonomic adjustable seat. This seat allows for height alteration to suit different body sizes. Further, it features two imperative navigation lights. These are namely a bright headlight and a rear warning light. This luminous addition was meant to offer secure the bike’s movement even further.

When it came to its wheels, there is no denying this E-bike’s manufacturers gave it much thought. It comes with two 12 inches, shock absorbent wheels. These are designed to possess renowned stamina while on the road, despite how rough. The wheels absorb unnecessary vibrations leaving the rider to enjoy seamless cruises.

Finally, we’re down to those tiny details that only bolster the bike’s capacity. Its rear disc brakes are tight and never fail when applied. The bike has remarkable stopping power backed by strong steering faculties. We must also mention one more thing, the E-bike’s bell. It is designed to dish out audio warnings while on the road.

Goplus Folding Electric Bicycle Portable E-Bike with 15.5 Mile Range, 250W 36V Motor and Disc Brakes, Collapsible Frame, Pedal-Assist and LED Monitor Display (Black)The Specs

The Goplus Folding Portable E-Bike features a 250 Watt high-speed motor. The motor reflects insane pedaling efficiency. However, the motor owes its jaw-dropping capabilities to its 36 V, 40Ah lithium-ion battery.

This battery packs more than enough power to run the bike for a 9-mile range. It also allowed for the impressive speed of 15.5mph when working at full capacity. It only takes between 3-4 hours to fully charge this battery.

In addition to all that, the bike has a display LED monitor that highlights basic stats for the rider. The E-bike features 3 riding modes.

One is the longtime travel mode; the second is its exercise bike mode. The last is a combination of the first two which is made extra efficient by the bike’s folding pedals.

CLICK HERE for More Information and Current Pricing on the Goplus Folding  E-Bike at Amazon.com

Pros

Pros

• Affordable price tag.

• Three switchblade riding modes.

• Adjustable for more accommodating piloting space.

• Durable materials and assemblage.

Cons

Cons

• Doesn’t run all too well on rough terrain.

• A bit heavy in comparison to other folding E-bikes.

CLICK HERE for More Information and Current Pricing on the Goplus Folding E-Bike at Amazon.com

Final Thoughts

Electric bikes are tremendous energy savers for all aged cyclists. They offer a tireless way to enjoy a simple cycle session. They also make it possible to experience super speedy cycling. And this is with merely just half the hassle encompassed around normal bikes. In short, what I am trying to say is that E-bikes rule.

Now while am all for these revolutionary transit devices, I recognize their faults as well. E-bikes are designed for short distance commutes. Most of them can hardly withstand the rugged milieus. They may not yet fully match your typical bike’s full capacity. If you’re looking to cut through rocky hills and slippery woodlands, a good old bicycle is your best bet. However, if you’re looking for a fast way to get to the office and back home, E-bikes are plausible candidates.

That said, you must remember that not every E-bike is phenomenal on the road. Sketchy fabrications may prove rather disappointing once on the road. That is why you must thoroughly analyze your choice before purchase.

Our product review compilation features some of the market’s best. Any of the featured bikes make great riding companions and offer up few to no glitches. We hope you found your ultimate E-bike in our listing. If not, we hope our guide illuminates your shopping journey enough to land you right on your most suitable choice.

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