Electric Bikes Under $500

Updated on June 1, 2022

For less than $500, you can acquire a quality electric bike that will last you a long time. Most folks who ride their bikes to work don’t want to get drenched when they get there. You’ll be able to ride further and faster on less energy if you have a garage full of motorised bicycles.

A shopping guide has been put together to help you identify the features to look for when purchasing the best electric bicycle for your needs. Aside from that, I’ve put up a ranking of the best electric bikes now on the market.

Electric Bikes Under $500

1. VIVI Electric Mountain Bike 26″


  • Brand: Vivi
  • Model: M026SH
  • Motor wattage: 350 watts


  • 20-mph top speed
  • Range up to 50 miles
  • 21-speed Shimano gearset
  • Disc brakes


  • More than $500

With its electric assist, the Vivi 26-Inch Mountain Bike is ready for anything. For the best value, you’ll need to spend a little more than our $500 maximum on this particular bike. This model’s 350-watt motor provides a rear hub 350-watt high-speed brushless motor, 37 pound-feet of torque, and a top speed of 20 mph.

This model has three pedal-assist settings and a throttle, allowing you to get the power of this bike without actually pedalling. As an added convenience, this bike is equipped with a Shimano 21-speed groupset. The vehicle’s mechanical disc brakes, located at the front and rear, do their job well.

The lithium-ion battery has a range of 22-25 miles in throttle mode and a range of 44-50 miles in pedal-assist mode. The battery is waterproof and removable, and it may be recharged up to 500 times.

Following a complete discharge, the battery requires 4-6 hours to fully recharge. Besides being an excellent commuter bike, this bike has the power and range to accomplish much more. Most off-road conditions can be handled by the front suspension and mountain bike tyres, provided they aren’t too difficult.

2. ENGWE Electric Bike


  • Brand: Engwe
  • Model: Mbt26
  • Motor wattage: 250 watts


  • Battery will last for up to 900 recharge cycles
  • Front and rear disc brakes
  • 21-speed Shimano gearset
  • High-strength carbon steel frame


  • 17 mph top speed
  • 18.5-mile range

The Engwe Electric Mountain Bike costs less than $500 and is built to last. The lithium battery should provide 900 cycles of charging over the course of three to five years. This model’s battery has a maximum range of just 18.5 miles, which is a little too little for my liking (electric-only mode).

Another long-lasting characteristic is the bike’s carbon steel frame, which is sturdy enough to be used off-road. Everything stays in place on uneven roads thanks to the 26-inch wheels and mechanical spring front shocks. It has a 250-watt brushless rear motor with 26-pound-feet of torque that can reach a top speed of 20mph while you’re using the electric mode.

In pedal-assist mode, Shimano’s 21-speed groupset will allow you to maximise the electric motor’s potential. By utilising the pedal-assist technology, you may extend the range of this vehicle by an additional 25 miles. The charger takes about five hours to bring the battery from 0% to 100%. Mechanical disc brakes bring everything to a standstill and appear to be doing a fine job of stopping the car. First, you’ll need to put the bike together 85 percent of the way.

3. ANCHEER Folding 16” City Electric Bike


  • Has a powerful motor
  • Fast charging
  • Compact and lightweight
  • Waterproof
  • lithium ion battery


  • Unsuitable for trekking and hills

For more than half a century, the name ANCHEER has been synonymous with quality bicycles. It’s well-known in the motorcycling world for making some of the toughest and most fun-to-ride motorcycles ever. An excellent example is the ANCHEER FOLDING Electric Bike.

If you’re willing to ride in the rain, the ANCHEER Folding 16″ City Electric Bike is the right choice. Even in the most extreme weather conditions, this e-waterproof bike’s IPX5 technology makes it easy to maintain.

The e-aluminum bike’s alloy frame is decorated with a dolphin pattern. You can simply hold it with one hand due to its compact size and light weight. It’s also compact, so stowing it in a trunk should be no problem.

You can use the bike’s Bluetooth technology to connect your smartphone or tablet. You can see your speed, battery life, distance travelled, time spent riding, and even a self-test on the handlebar display. To top it all off, you can lock your bike up with just your smartphone.

The 36V 6Ah Lithium battery powers the 350-watt motor on this bike. Getting the battery to 100% charge only takes a little over three hours. Top speed for this vehicle is somewhere between 20 and 25 kilometres per hour. Last but certainly not least, the charger, battery, and electric motor are all covered by a one-year guarantee.

Who you ask has an impact.

The ANCHEER Folding Electric Bike may be enjoyed by anyone, regardless of their riding abilities.

Everyone is welcome to give it a try. It doesn’t matter if you’re an expert or a beginner. This guide is particularly useful for those who are just starting started in the game.

4. SWAGTRON SwagCycle E Bike


  • Compact and foldable design
  • Features a USB port for charging your devices
  • No pedaling technology that makes riding it effortless
  • lithium ion battery


  • Slightly heavy

SWAGTRON SwagCycle E Bike got our award for the most attractive E bikes. It looks like something straight out of a sci-fi film. To ensure a safe and comfortable ride, the e-bike is made with high-quality components and fitted with safety gear.

Because of its diminutive size, the Swagtron SwagCycle EB is easily recognisable. Lightweight and easy to stow, the aluminium alloy frame is also quite adaptable.

A full charge can take up to 2.5 hours, and the battery and charger are supplied. About 10 miles should be doable with this. As a result, loading and unloading the bike from a car trunk is a cinch. The bike’s additional weight can be attributed to the use of heavy-duty materials in its manufacture.

The LCD on the handlebars shows the remaining battery life. Additionally, a USB port is included for charging mobile devices like smartphones and tablets. Horn, powerful accelerator, and light for nighttime riding are all included in the package.

Its powerful motor and battery also make it a popular choice. Powerful 250W motor powered by 36V battery pack.

Electric bicycles are entirely self-driving because of the ‘No-pedaling’ technology. Make your ride as easy as possible by not putting any effort into pedalling it. Isn’t it wonderful?? Finally, the bike comes with a one-year warranty that covers any and all manufacturing problems.

5. Shaofu Folding Electric Bike


  • Foldable for easy storage
  • Smart app for connecting with a smartphone
  • Eco-friendly and waterproof


  • Unsuitable for rough tracks

Where do I even begin; its 100% electrical, zero charge emission or foldable frame?

Is it possible to take the battery out and replace it? It doesn’t matter where you start with the Shaofu Folding Electric Bike. There aren’t many e-bikes better than this one on the market.

The dolphin-inspired design of this bike makes it one of a kind and trendy. With a wheel and frame made of aluminium, this bike is lightweight. The framework weighs just 12 kg, making it extremely light. In addition, the system may be easily folded up and carried.

All vehicles benefit from having an adjustable and extremely comfy seat. Comfortable long-distance travel should be achievable. Riders are protected at night with a horn, front and rear lights, and a braking taillight. In terms of performance and reliability, the rear disc brakes are excellent.

This bike comes complete with a lithium-ion battery and smart charging. Depending on your speed, you may recharge it in three hours and use it for between 25 and 50 kilometres. It also comes with a 350-watt motor.

As a bonus, the maker supplied a Bluetooth app (above Android 4.3 and iOS 8). This method can be used to regulate everything from speed and mileage to recording time and motor lock. The motor, battery, and charger are all protected for a year.

Even if you’re not a fan of the bike’s aesthetics, its performance will make up for it. At the asking price, this bike represents a significant savings over comparable models.

6. Goplus 20” Folding Bike


  • Powerful and highly responsive brakes
  • Slip and weather-resistant tires
  • BS reflector for safety at night


  • Requires manual pedaling in mountains

Last but not least is the Goplus 20″ Folding Bike. This bike is best suited for short mountain rides and short trips because of its capabilities. The best mountain bike trips of your life await you and your companions on this bike, so welcome them along.

There are a few features that make this possible. Heavy-duty carbon steel makes up the front fork, while an aluminium alloy makes up the frame. These parts aid in the bike’s ability to overcome every barrier that comes its way.

The manufacturers prioritised safety above anything else during the creation process. The chances of crashing are slim if you ride it cautiously. Wheel and pedal BS reflectors make cycling at night easier to see. – BS

This vehicle’s tyres are built of high-quality rubber, making them durable and long-lasting whether driving in water or mud. The likelihood of tripping and falling is reduced.

Allows you to swap gears while riding Goplus Electric Bike Shimano 7-speed transmission handle. Riders may adjust the bike’s grips and seats to their preferred levels of comfort and height thanks to the bike’s flip-and-fold mechanism.

There are powerful V brakes all around on this electric bike. They’re quick and responsive, and they make it easier to come to a halt. Their effectiveness is enhanced as a result.

In order to make things easier for you, this bike comes with 98 percent of the components already installed. When the wheels are delivered, you’ll need to connect them together before you can use them. In this case, all you need to do is a quick and simple activity.