This is the only e-bike in this price range that I know of with a 48V electrical system. It’s not going to be the strongest hill climber, but it does get going quickly on flat and modestly hilly terrain. It’s a throttle-enabled Class 2 folding electric bike with 20″ wheels, a max speed of 20 mph (32 km/h) and a motor rated for 300W continuous and 720W peak. That new e-bike offers some great riding at under 800 bucks. That’s still a great bike, and we’ll discuss it next, but the recently-released and more affordable $799 Lectric XP LITE is an even more wallet-friendly electric bike. The recently-unveiled Lectric XP LITE is likely the latest king of bang-for-your-buck electric bikes.įor years, the $999 Lectric XP 2.0 and its previous 1.0 predecessor reigned supreme in the budget electric bike category. Second, many newcomers to the e-bike industry just aren’t prepared to drop several thousand dollars on a brand new concept, making this price range critical for many first time e-bike shoppers.įortunately, we’ve found some excellent options for cheap electric bikes that can still save you some serious dough. Most of the options in this price category make too many sacrifices in quality or longevity to earn a spot on this list as one of “the best”. The sub-$1,000 electric bike category is critical for a few reasons.įirst, it’s pretty hard to produce a quality e-bike and sell it for under $1k. Best electric bikes from $3,500 to $5,000.Best electric bikes from $2,000 to $3,500.
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