Are you on the hunt for an electric bike that won't break the bank? Look no further!
Electric bikes have become increasingly popular for their eco-friendliness, convenience, and the sheer joy of riding with a little electric boost. But not everyone wants to spend a fortune to enjoy the perks of an e-bike.
Budget-friendly doesn't mean compromising on quality or performance, and we'll prove that with our selection of e-bikes that deliver excellent value for your hard-earned money. We've considered factors like battery life, motor power, build quality, and user reviews to compile this list.
In this guide, we're going to explore the world of budget-friendly e-bikes and uncover the top contenders you can snag for under $500.
Engwe T14 is the final and last bike on our list of 5 best electric bikes under $500. It is a lightweight bike with an overall weight of 61 pounds, and it is a perfect electric bike for women. It is an affordable, robust, and durable bike that you can use to commute daily or have fun riding outside. The price of Engwe T14 is under $499, making it the fourth bike in our list of best bikes under the $500 mark.
As mentioned above, the bike is lightweight and comes with a double folding buckle, which means that you can fold the bike, making it easy to transport and store. The Engwe T14 comes with a 350W 48 Volts motor that delivers a top speed of 19.2 miles per hour and comes with three different pedal assist modes. The motor is powered with a removable lithium battery of 48 volts 10 AH, providing a mileage of 22 miles. The T14 bike is equipped with multiple shock absorbers, making it suitable for all terrains. The Engwe T14 with the mentioned properties is the best bike under 500 USD.
The TotGaurd electric bike is number #4 on our list and one of the best affordable bikes available in the market. The bike is made from aluminum material, which makes it super lightweight and easy to handle. The bike comes with a price tag of $359.99, which makes it the best bike under the $500 mark.
TotGaurd electric bikes come with a 350-watt motor rating and deliver a top speed of 19.8 miles per hour. The bike is made from aluminum alloy and weighs 45 pounds, making it the best affordable e-bike for adults. TotGaurd e-bike is equipped with 36 volt 10.4 AH battery, which has an IP54 waterproof rating and delivers 50 to 60 miles in a pedal mode and 30 miles in a pure electric mode. The battery of TotGaurd is removable and gets fully charged from 0 to 100% in five hours. Overall, the TotGaurd bike is the best affordable bike under $500.
The Jasion EB-5 is number #3 on our list, and it is a perfect bike that will help you complete your daily chores. The bike is ideal if you intend to get to the market, get some air, and ride around. The bike is budget-friendly and comes with a price tag of $359.99.
The Jasion EB-5 bike has a 350W motor capacity and delivers a top speed of up to 20 MPH. The motor installed on the Jasion EB-2 will allow you to put minimal effort while peddling, or you have a choice to choose from three levels of pedal assist, or you can control the power yourself by using the pure electric mode available on the Jasion EB-5. It comes with a removable 360-watt lithium battery, which gives you 14 to 25 miles on average on a single charge. The removable battery is convenient as it allows you to charge it at home or office.
Sailnove E-bike is number second on our list and one of the best affordable bikes available in the market. It comes with a highly affordable price tag of just $339.99. The bike is lightweight and perfect for adults and teenagers to complete daily tasks.
The Sailnovo electric bike is waterproof and foldable, making it easy to transport and store. The motor has a power rating of 350 watts, powered by a lithium battery of 36V 10.4 AH. Unlike the rest of the bikes mentioned in this article, the battery of Sailnovo is built-in and cannot be removed, and it takes five to six hours to charge the battery completely. Overall, Sailnovo is the cheapest and the most affordable bike on the list.
Ancheer Sunshine AT1 has the number one spot on our list of best affordable bikes. The bike is powerful, robust, and durable that you can regularly use for commute and outdoor leisure. Ancheer Sunshine AT1 has a price tag of $329.99, making it one of the best bikes under $500 in 2023.
The Ancheer Sunshine AT1 bike frame is made of aluminum, making it lightweight. The bike comes with a 350W powerful motor, which delivers a 21-speed transmission system, making it the perfect bike for all types of terrains. Ancheer Sunshine comes equipped with a 374.4-watt-hour battery, which will give you mileage of 14 MPH if you’re using low pedal assist mode. Overall, it’s a perfect affordable bike under USD 500.
Electric bikes are the future, and if you're looking for affordable bikes under the $500 price tag, you should select any one of the bikes mentioned in this article. These bikes are stylish, durable, robust, and provide you with value for money.
| Rank | Company | Country |
|---|---|---|
| #1 |  Volkswagen |
Germany |
| #2 |  Toyota |
Japan |
| #3 |  Stellantis |
Netherlands |
| #4 |  Mercedes-Benz Group |
Germany |
| #5 |  Ford Motor |
United States |
| Rank | Company | Country |
|---|---|---|
| #1 |  Michelin |
France |
| #2 |  Bridgestone |
Japan |
| #3 |  Continental |
Germany |
| #4 |  Goodyear |
United States |
| #5 |  Sumitomo |
Japan |
