The price of electric bikes has risen day by day. Finding a non-electric bike under $500 is difficult; in that case, finding an electric bike under $500 is more challenging.
Low-budget electric bikes offer less performance and features than expensive electric bikes. But our experts found and tasted some electric bikes for less than $500 that offer good value for the price.
In this article, I will discuss the 5 best electric bikes under $500, their features and benefits, and tell you what makes them the best electric bikes under $500.
OVERVIEW


Ancheer 500W Electric Bike
50 miles of range, Comfortable seats, and adjustable handlebars
$359.99 at Amazon

ViVi Electric Bike
50 miles of range, comfortable upright riding position
$389.99 at Amazon


Table of Contents
Best Electric Bikes Under $500
1. Jason EB5 Electric Bike

BEST CHOICE
Where To Buy ✔
$359.99
Amazon
SPECS
- Motor: 350W brushless motor
- Top Speed: Up to 20 MPH
- Battery: Removable 360Wh lithium-ion battery
- Range: Up to 25 miles per charge
- Weight: 49 Pounds
- Max Load: 250 Pounds
Jaison EB5 Electric Bike is our best choice electric bike. This e-bike is affordable and easy to ride. It has a 350W motor that can help you get a top speed of 20mph. Thanks to its removable 360Wh battery, it can run 20 miles on a single charge.
Our experts tested this e-bike and found many downsides, but there are many helpful features to make it the best choice electric bike under $500.
This e-bike is versatile and simple to ride, making it ideal for commuting and off-roading. Read the full review of the Jasion EB5 Electric Bike.
Pros and Cons : Jason EB5 E-bike
Pros
- Affordable price
- Powerful motor
- Shimano 7-speed drivetrain
- Front fork suspension
- Puncture-resistant tires
Cons
- Seat post is too short for taller riders
- The brakes could be more powerful
2. Ancheer Electric Bike

BEST BUDGET
Where To Buy ✔
$359.99
Amazon
SPECS
- Motor: 500W brushless motor
- Top Speed: Up to 20 MPH
- Battery: 48V 10.4Ah (Removable)
- Range: Up to 50miles per charge (with pedal assist mode)
- Max Load: 250 Pounds
Ancheer is a well-known e-bike brand in the USA for its affordable electric bikes. This electric bike has many unique features, like a removable battery, covering up to 50 miles on a single charge, a 3.5-hour fast charge, cruise control, a lockable suspension fork, and 21-speed.
The aluminum body can easily handle 260 pounds of weight. Thanks to its 48V 10.4Ah removable battery and fast charging features, a full charge takes only 3.5 hours. Read the full review of the Ancheer Electric Bike.
Pros and Cons: Ancheer 500W Electric Bike
Pros
- 50 miles of range (Pedal Assist Mode)
- Comfortable seat and adjustable handlebars
- 21-speed Shimano gears
- Lockable suspension fork
- Cruise control
Cons
- Heavy
- Noisy brakes
3. ViVi 500W Electric Bike

BEST FOLDING
Where To Buy ✔
$389.99
Amazon
SPECS
- Motor: 500W brushless motor
- Top Speed: Up to 20 MPH
- Battery: 48v 288Wh lithium-ion battery
- Range: 50 miles (pedal assist)
- Weight: 60 Pounds
Next, the Vivi 500W electric bike is our best folding electric bike. It is also affordable and easy to ride. It has many useful features like a removable battery, powerful motor, bright display, headlight, and taillight.
You can easily ride this e-bike on city streets and rough paths, conquering steep hills. It has four riding modes; you can change them according to your interests.
If you are looking for an eco-friendly way to get around, the VIVI Electric Bike is a good choice. With a one-year warranty, you can buy this e-bike with confidence. Read the full review of the Vivi 500W Electric Bike.
Specs
Pros and Cons: Vivi Folding Electric Bike
Pros
- Long range of up to 50 miles
- Comfortable upright riding position
- Foldable design
- Removable battery
- Affordable price
Cons
- Seat is too low for taller riders
- Can be weighty
4. Heybike Electric Bike

BEST OVERALL
Where To Buy ✔
$459.99
Amazon
SPECS
- Motor: 500W brushless motor
- Top Speed: Up to 23 MPH
- Battery: 48V, 12.5Ah lithium-ion battery
- Range: 40 miles (pedal assist)
- Weight: 48 Pounds
- Number of Speeds: 7
Heybike Race Plus is one of the low-budget electric bikes. Our experts tested this e-bike in different conditions. They found many downsides, though there are many good sides to buying this electric bike.
Its features like front fork suspension, large LCD display, comfortable riding mode, easy-to-ride, and budget-friendly options will fascinate you.
It is lightweight and durable and can handle 260 pounds of weight. This e-bike is suitable for riders between 5’4″ to 6’4″. With its powerful 500W motor, you can get the top speed up to 23mph, and its removable 48V, 12.5Ah battery will help you ride 22 miles on a single charge. Read the full review of the HeyBike electric bike.
Pros and Cons: Heybike electric bike
Pros
- Impressive battery life and range
- Powerful 500W motor
- Comfortable and suitable for various rider heights
- Strong brakes and good night visibility
Cons
- The speedometer may slightly overstate the speed
5. Jasion EB5 Plus Electric Bike

BEST ELECTRIC
Where To Buy ✔
$429.99
Amazon
SPECS
- Motor: 350W brushless motor
- Top Speed: Up to 20 MPH
- Battery: 48V, 10Ah lithium-ion battery
- Range: 40 miles (pedal assist)
- Weight: 50 Pounds
- Number of Speeds: 7
Jasion EB5 Plus is a perfect mountain bike suited for commuting and leisurely rides. It has many useful features make it the best choice for an electric bike. This e-bike features a powerful motor that can give you a top speed of up to 20mph. Jasion said this e-bike has a 500W motor, but we found a 350W motor.
With its removable 48V/10AH lithium-ion battery, you can ride this bike 40 miles on a single charge. It has many safety features, including an adjustable front suspension, a bright headlight, and dual disc brakes. Read the full review of the Jasion EB5 Plus Electric Bike.
Pros and Cons: Jasion EB5 Plus
Pros
- Affordable price
- Easy to assemble
- Removable battery
- Comfortable to ride
- Sturdy wheels and handlebars
- Brakes work perfectly fine
Cons
- The bike is not foldable
- No rear fender
- No brake light on the back
Electric Bike Under $500 Buying Guide
When choosing an electric bike under $500, there are a few things to consider. Observe the following advice:
- Battery life: Look for a bike with a battery that can last long enough to meet your needs. The bikes I found in my previous search have batteries that can travel up to 50 miles on a single charge.
- Motor power: The motor’s output controls the bike’s top speed. The bikes I found have motors that can reach up to 20 mph.
- Weight: Electric bikes are normally heavier than traditional ones due to the added motor and battery. Look for an affordable electric bike that is lightweight and easy to ride.
- Brakes: Make sure your selected bike has reliable brakes that can stop your bike quickly and safely.
- Comfort: Look for a bike with comfortable seating and easy-grip handlebars.
- Price: Price is also essential when choosing an electric bike under $500. The bikes I found range from $339.99 to $499.99.
Electric Bike Under $500 Maintenance Tips
Here are some tips for maintaining your electric bike under $500:
- Clean your bike after every ride: Use a soft cloth or sponge to clean the bike’s frame, wheels, and other parts. Avoid using high-pressure water; it can injure the electrical components.
- Check the tire pressure: Ensure the tires are inflated to the recommended pressure level. This will help prevent flats and ensure a smooth ride.
- Lubricate the chain: Regularly apply lubricant to your electric bike chain to keep it running smoothly.
- Check the brakes: Make sure they work properly and adjust if necessary.
- Store your bike properly: Keep your bike in a dry and cool place when unused. Store your e-bike away from heat sources and from direct sunlight.
- Get regular tune-ups: Take your bike to a professional for regular tune-ups and maintenance. It will help guarantee your bike is in good condition and running smoothly.
Electric Bike Safety Tips
When riding an electric bike, following safety policies to secure a safe and enjoyable experience is important. Observe the following advice:
- Choose the right bike: Make sure your bike is appropriate for your needs and skill level. When deciding, consider factors such as battery life, motor power, weight, and price.
- Wear protective gear: Always wear a strong helmet when riding an electric bike. Also, wear other safety gear like gloves knee, and elbow pads.
- Ride defensively: Be aware of your surroundings and ride defensively. Give plenty of space to other vehicles, and be predictable in your movements.
- Obey traffic laws: Follow all the traffic laws and regulations when riding an electric bike. This includes obeying traffic signals, turning on and off using hand signals, and riding in the proper direction on one-way streets.
- Check your bike: Before you ride your electric bike, check the brakes, tires, and other components to make sure they are in good working order.
- Clean your bike regularly: Clean your electric bike after every ride to keep it in good condition. Use a soft cloth to clean the bike’s frame, wheels, and other parts.
- Ride in safe weather conditions: Avoid riding your electric bike in extreme weather like heavy rain or snow.
FAQ
is electric bike good for exercise?
Yes, electric bikes are good for exercise. They can provide a great cardiovascular workout, and they can also help you build muscle strength and endurance.
why electric bikes are bad?
Electric bikes have many advantages, but there are also some drawbacks to consider:
- Cost: Electric bikes can be more expensive than traditional bicycles.
- Weight: Electric bikes are typically heavier than traditional bicycles.
- Complexity: Electric bikes have more complex components than traditional bicycles, which can make them more difficult and expensive to maintain.
- Safety: Electric bikes can travel faster than traditional bicycles, which can increase the risk of accidents.
- Environmental impact: The production of electric bikes requires the use of resources such as lithium and cobalt, which can have a negative environmental impact.
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Please ensure you follow local traffic laws and safety regulations when riding an electric bike. Ride responsibly and wear proper safety gear.