9 Best Electric Bikes Under 500 – ( Top Picks of 2022 )

Do you want to push your limits with an electric bike?

Electric bikes have become so popular these days, as they are a convenient and eco-friendly mode of transportation. E-bikes let you cruise at faster speeds without compromising on physical fitness. These bikes are useful for traveling around the town, off-roading, beach riding, hunting, mountain climbing, and many more.

Having said that, almost all of us just want to grab the best electric bike. The only thing that limits us is our budget, as electric bikes don’t come cheap. However, in the past few years, some well-trusted brands have introduced some affordable electric bikes.

For those having a budget limit, we have selected and reviewed the nine best electric bikes under $500. Give a read to the article, and we are hopeful that you will find your perfect match on the list

Nine Best Electric Bikes Under 500

  1. SWAGTRON Swagcycle EB-5 – Budget Electric Bike
  2. Swagtron Folding-Bicycles Swagcycle
  3. Jetson Bolt Folding E-Bike Full Throttle-233
  4. SKRT Electric Scooter 350W-132
  5. ANCHEER Folding Electric Commuter Bike-183
  6. ANCHEER Folding Electric Bicycle E-Bike Scooter-110
  7. Goplus 20” Folding Bike-171
  8. Macwheel Electric Bike-106
  9. shaofu Folding Electric Bike-73

1. SWAGTRON Swagcycle EB-5 – Budget Electric Bike

Rating: 5/5

SWAGTRON Swagcycle EB-5 - Budget Electric Bike

Swagtron Swagcycle is one of the best electric bikes under $500, equipped with a powerful motor that gives you a chance to step out in nature. The most standout feature of this electric bike is its foldable and adjustable design. This already lightweight bike further folds down into a compact structure for easy storage and transport.

This is a ready-to-go e-bike, as all its parts come pre-assembled, eliminating the time-taking and tiring process of assembling. It is equipped with a 250-watt power motor that pushes your limit, giving you complete confidence to take this bike anywhere in the town or nature. It has a 36V Li-ion battery that takes around 5 hours to get fully charged. The range of the bike is 15.5 miles, with a single charge.

Plus, it also supports paddling or throttle mode giving you non-stop rides even when you run out of battery. It provides excellent stability and traction with its 14-inch sturdy wheels, air-filled rubber tires, and durable aluminum frame. It has a weight capacity of 264 pounds and an adjustable height, making it ideal for people of different sizes and ages. It also offers adjustment for the handlebar to take the most comfortable position on the bike.

  • Three-times foldable design
  • 14-inch sturdy wheels and rubber tyres for traction
  • Comes pre-assembled
  • Not built for rough terrains

Swagtron Swagcycle is an affordable electric bike with plenty of exciting features like foldable design, powerful battery, paddling support, and sturdy construction. Although it is not built for rough off-roading, it makes a great deal for daily uses and commuting around the town.

2. Swagtron Folding-Bicycles Swagcycle

Rating: 4/5

Swagtron Folding-Bicycles Swagcycle

This is another Swagcycle by Swagtron with plenty of unique features that make this electric bike equally useful for daily use and off-road adventures. The bike features a stylish and low-profile design, a sturdily built frame, and a foldable mechanism. It can bear a maximum weight of up to 264 lbs, making it ideal for obese people.

This bike is equipped with a 350W powerful motor and a 36V Li-ion battery. With an output of 350W, that bike can touch the maximum speed of 18 mph. The maximum range is 15.5 miles, and the battery takes around three hours to get fully charged. It’s a powerful electric bike and can climb up to 12 degrees, and it lets you take the most difficult and challenging rides. Moreover, it has iOS app support giving you a chance to control speed, monitor battery life, and other features.

The app gives you access to the GPS, and you can track the maps. You can also charge your mobile devices like phones and tablets with this bike. It has a highly responsive and reliable disc brake system making it one of the modest, safe, and trusted electric bikes for outdoor adventures. The bike has a foldable design that helps you transport and store this bike with ease.

  • Fast speed 8 mph
  • iOS app support
  • Ideal for uphill climbing
  • Limited range only 15.5 miles

Swagtron is one of the most trusted brands that manufacture sturdy and fast-speed electric bikes. Swagtron swag cycle with a powerful motor, reliable battery, and disc braking system, making it useful for the daily commute and challenging outdoor adventures.

3. Jetson Bolt Folding E-Bike Full Throttle-233

Rating: 4/5

Jetson Bolt Folding E-Bike Full Throttle-233

If you are looking for a lightweight and portable electric bike on which you can explore your neighborhood and commute around town, Jetson Bolt is a handsome choice. It’s a lightweight, only 34 lbs, compactly designed electric bike that promises reliable and long-term performance for daily use. It uses sturdy but lightweight aluminum frames with foldable geometry.

It means the bike easily folds into a compact unit and can be stored in tight spaces. It also fits in almost all car trunks and is easy to transport over long distances. However, its lightweight construction doesn’t mean that it is flimsy, as its maximum weight capacity is 250 lbs. It is equipped with a reliable 36V li-ion battery. The battery gives a mileage of 15 miles with a single charge. Also, it has a cruise control option that lets you remove the hand for throttle on long and tiring riddles.

Jetson bolt electric bikes also connect with your smartphone through an app. This app lets you monitor the battery life, track the maps, control the speed, and adjust the LED. The bike is quite handy and has a kickstand for quick and easy parking. It has a footpeg for making the rider’s feet comfortable. It has a responsive rear barking system with lights, front and back bright lights, and an electric horn for safe rides, especially at night.

  • Lightweight and sturdy construction
  • Foldable design
  • App connectivity
  • Handy and portable design
  • Not built for mountain and uphill riding
  • Limited range only 15 lbs

Jetson Bolt is an affordable electric bike with a maximum range of 15 miles and is a decent choice for daily use and traveling around the town. However, this e-bike with 15-inch wheels and lightweight construction is not suitable for serious off-roading or climbing.

4. SKRT Electric Scooter 350W-132

Rating: 3.9/ 5

SKRT Electric Scooter 350W-132

SKRT electric scooter powered by a 350 W brushless motor and a 10-inch wheelbase is one of the best options on the list. SKRT electric bike features a stylish design and sturdy construction that makes it ideal for daily commute and transportation. The feature that helps it stand out as the best electric motor is its amazing speed. With a powerful 350w motor, this electric bike touches a maximum speed of 18 mph. Its 48V li-ion battery is robust, giving it a mileage of 18.6 miles with a single charge.

This rechargeable and reliable battery takes around six hours to get fully charged. The SKRT electric bike is considerably heavy, about 52 lbs, but its foldable design makes the bike portable and also helps in compact storage. It’s a fast-speed but safe electric bike, equipped with various safety features. For example, the bike comes with a front and rear disc braking system.

These brakes are highly responsive and accessible, making your ride safe and secure even on rough and bumpy terrains. Plus, it has an intuitive LED display that shows the important stats like remaining battery life. The bike has an electric horn and front and rear LED lights. It has a maximum weight capacity of 220 lbs; therefore, it is ideal for teenagers and adults.

  • Maximum speed 18 mph
  • Front and rear hand disc brakes
  • Foldable design for portability and storage
  • limited range 18 miles

If you are obsessed with fast speed and stylish designs of electric bikes, this SKRT electric bike is your perfect match. SKRT electric bike lets you explore nature and remains stable even on rough and even terrains, thanks to its powerful 350 Watt motor.

5. ANCHEER Folding Electric Commuter Bike-183

Rating: 4.2/ 5

ANCHEER Folding Electric Commuter Bike-183

Ancheer folding bike comes in lightweight, sturdy construction, making it a great choice for uphill riding and off-roading over short distances. The bike uses a steel frame that adds more strength to the cycle than the aluminum frame while keeping it lightweight. The steel frame makes the cycle strong and sturdy, enhances its weight carrying capacity, and keeps it stable on bumpy terrains.

It is powered by a 250 w brushless motor that helps it cruise at fast speed on the rough tracks also. Plus, its powerful 36V li-ion battery adds more power to the bike. Its removable battery gets fully charged in five hours and gives a maximum mileage of 15 miles in electric mode. However, the cycle supports paddling assisted or throttle mode so that you can increase its mileage up to 30 miles with a single charge.

The bike features a 7 speed Shimano gear system giving you a chance to switch between various speed levels, according to the situation. Plus, rear disc brakes reduce the braking distance and make your rides safe and sound even on hard and bumpy tracks. Plus, a reliable braking system gives you the confidence to commute around in all weather.

You can fold this bike into a compact unit and can take it anywhere with you. You can also quickly fold this bike for compact and easy storage. The bike doesn’t come pre-assembled, and it would require some time and effort to connect some of its parts before the first ride.

  • Sturdy steel construction
  • 7-speed Shimano speed gear
  • Disc brakes for safe-stopping
  • It does not come pre-assembled

Ancheer folding e-bike is an affordable and reliable commuter that promises stable and long-term performance. Its lightweight construction coupled with a brushless powerful motor and a strong battery makes it one of the most reliable choices for daily use and light off-roading adventures.

6. ANCHEER Folding Electric Bicycle E-Bike Scooter-110

Rating: 4/5

ANCHEER Folding Electric Bicycle E-Bike Scooter-110

Ancheer is a lightweight yet sturdy folding electric bike equipped with a powerful motor and strong battery. It is one of the most powerful electric bikes under $500, giving you a chance to step out for an adventure. The bike has a dolphin design frame with high-quality double-layered aluminum alloy, making it one of the most reliable and durable electric bikes.

The most impressive part of the bike is its foldable geometry. You can fold this bike into a small compact unit and can carry and store the bike anywhere with ease. You can connect your e-bike with your smartphone and can access many innovative features. For instance, you can monitor the battery life, mileage, storage, duration, and even lock the bike. The self-test facility on the handlebar display is also available.

The bike attains exciting speeds with its 350-watt powerful motor, plus its powerful 36 V Li-ion battery promises non-stop and untroubled rides. It has a smart charging system, and it takes less than three hours to get fully charged. The range of the bike is between 20 to 25 km within a single charge.

Ancheer folding bike merely weighs 26.5 lbs, and you can handle it with just one hand. The brakes are also highly responsive and offer safe stopping. It has an IPX5 rating making it completely waterproof so that you can enjoy rides even in the rainy seasons.

  • Durable construction
  • Stylish dolphin design
  • Powerful motor and battery
  • Too lightweight for climbing

Ancheer folding electric bike is a stylishly designed and strongly built unit giving you a chance to step out with speed and confidence. With its powerful motor, reliable battery, and sturdy frame, the bike won’t let you regret your choice.

7. Goplus 20” Folding Bike-171

Rating: 4.3/5

Goplus 20'' Folding Bike-171

Goplus 20-inch folding bike is a lightweight and affordable option for a light mountain trip, offroading, and in-town transportation. The bike features seven-speed settings by a Shimano transmission handle. It allows you to achieve certain speeds according to the situation conveniently. Plus, the bike is equally useful for teenagers and adults. Its adjustable frame lever allows you to adjust the bike and seat height according to your comfort.

The bike has a strong iron frame with an exceptional weight carrying capacity. This feature gives you the confidence to step out in nature and rough terrains. The bike is equipped with a 250-watt power motor for a speed boost. It uses a sturdy aluminum material with anti-aging properties and rugged rubber tyres for traction and stability.

It has a 36V li-ion battery that takes only three hours to get fully charged and gives a mileage range between 15 to 30 miles. The rubber tyres and alloy rims are made completely moisture resistant for safe rides so that they won’t slip on the wet and muddy terrains. Another safety feature of this adventure electric bike is its power braking system.

With its front and rear V brakes, it minimizes the braking distance and gives you soft stopping. Furthermore, the VS reflector on the tires reflects the light of the vehicles behind, making your rides safe on nights. Moreover, all parts except two wheels come pre-assembled, saving your time and effort.

  • Seven-speed settings
  • Strong iron frame
  • Exceptional weight capacity
  • Not ideal for climbing

Goplus 20-inch foldable cycle with sturdy iron frame offers speed, height, and handle adjustment is an ideal option for adults, teenagers, and oversized people. Its VS reflector, robust braking system, and non-slip rubber tyres make it one of the safest off-road electric bikes.

8. Macwheel Electric Bike-106

Rating: 4.7/5

Macwheel Electric Bike-106

Macwheel electric bike is another reliable and strongly built bike that gives you both electric and pedal-assisted modes. It is a considerably heavy electric bike weighing around 37lb and has exceptional weight capacity providing better traction and stability on rough terrains. The bike uses a sturdily built aluminum frame. It means you can take this bike for mountain and off-road adventures with full confidence.

Plus, its stylish design makes you look cool in the town. The feature that makes this electric bike different from other affordable electric bikes is its speed. Its powerful motor allows you to cruise at a maximum speed of 15.5 mph without putting in the extra effort. Moreover, its strong and reliable battery adds more power to this electric bike. Its 36V li-ion battery gives you a mileage of 25 miles without paddling and up to 37 miles with paddling.

The battery takes 4 to 6 hours to get fully charged. Its 16-inch air-filled rubber tyres provide traction and stability on bumpy terrains and uphill tracks. As the bike is built for uphill climbing and off-road adventures, it is equipped with a highly responsive and reliable dual-disc braking system. Unlike V brakes, dual disc brakes make the braking an absolute breeze on downhill tracks and rough terrains.

It offers five different speed gear settings, adjustable seat height, and handles so that riders can achieve maximum comfort and stability during a ride. Furthermore, its LED display depicts all the stats like battery life and speed, making it a great choice for outdoor adventures. This bike comes pre-assembled, and its foldable mechanisms make transportation and storage easy.

  • Maximum speed 15.5 mph
  • Ideal for uphill and off-road adventures
  • Sturdy adjustable frame
  • Dual-disc brakes
  • Not a portable e-bike

Macwheel foldable electric bike is equipped with a reliable battery, powerful motor, and dual disc brakes making it one of the best electric bikes under $500. If you are looking for an affordable electric bike for some serious adventure MacWheel e-bike is highly recommended.

9. shaofu Folding Electric Bike-73

Rating: 4.3/5

shaofu Folding Electric Bike-73

Shaofu Folding electric bike is a competitively priced bike that looks smart and performs really well. The bike has plenty of features making it a smart and wise choice for commuting around town and daily use. It features a stylish design and sturdy construction. It uses a double-layered aluminum frame that promises durability and long-term performance. Moreover, its new and stylish design would make you look smart and stylish.

Plus, the foldable geometry of the frame makes it a handy and convenient electric bike. Its lightweight foldable frame is useful for compact storage and carrying around. Shaofu electric bike is powered by a 350W power motor and 36V Li-Ion battery. Its battery gets fully charged within three hours. Once fully charged, it would give you a ride of between 25 to 50 km.

Moreover, the powerful motor boosts up your riding strength on rough off-road terrains. Additionally, it also offers Bluetooth connectivity and an app-support system. Having this feature in your bike, you can access many settings like mileage, desired speed, and motor locking. Plus, you will also get the facility of time recording and self-test. Therefore it is also the best electric bike for fitness enthusiasts.

Safe riding is another primary concern of the riders when it comes to biking, especially off-roading. The bike is equipped with rear disc brakes that are highly responsive and give you better control for stopping. Plus, its headlight, reliable brakes, and horn make your ride safe at night. Last but not least, its IPX5 waterproof rating prevents battery and motor damage giving you non-stop rides in rainy seasons.

  • Powerful motor 350 W
  • Stylish foldable frame
  • iOS app support and BlueTooth
  • IPX5 waterproof rating
  • A bit light for rough terrains

Shaofu foldable electric bike is a powerful yet handy electric bike for daily use and in-town transportation. Its smart features like IPX5 waterproof rating, app support, foldable geometry, and the strong battery won’t let you regret the money you spend on this bike.


What are the best electric bikes?

The best electric bikes have powerful motors, strong and reliable batteries, and a long-range. Moreover, they have responsive and reliable braking systems and are sturdily built to last.

Who makes the best electric bikes?

Ancheer is one of the most trusted brands that make electric bikes. Ancheer produces versatile and affordable electric bikes powered by reliable Bosch motors, sturdy frames, and a reliable shifting gear system.

What are the best brands of electric mountain bikes to buy?

Swagtron And Ancheer are the best brands of electric mountain bikes to buy.

What should I look for when buying an electric bike?

You should look for the battery, range, maximum weight capacity, speed adjustment, gear and braking systems, and frame construction when buying an electric bike.

Wrapping Up

Our list of nine best electric bikes comprises the most reliable and trusted electric bikes currently available in the market. As all the products are affordable, we have made sure that none of them compromise quality. We are sharing our top-three picks, so that may help you in narrowing down your choice.

  • Macwheel Electric Bike for its fast speed, stability during uphill climbing and off-roading, and 164 lb weight carrying capacity.
  • SWAGTRON Swagcycle EB-5 for its foldable design, powerful battery, paddling support, and sturdy construction.
  • ANCHEER Folding Electric Bicycle E-Bike Scooter for its powerful 350-watt motor, long-range, app support, and IPX5 waterproof rating.

You should consider a few features before making a final decision: the maximum weight capacity, barking system, and speed controls. Remember that electric bikes under $500 are not actually built for serious adventures and off-roading. However, they offer long-term and reliable performance for daily use and light off-roading.

Photo of author
Sonia Seale loves to take her bike to the mountains near her place, the bike track has provided her the opportunity to go mountain biking since she was a child. That's where she developed a great deal of interest in cycling, no matter if it's electric or mountain bike, she's all over the place and loves to fix her own bikes along with exploring the new features coming along in the industry. That's why she's here, sharing her experience and learnings with you guys.