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How Much Do Electric Bikes Cost?

Aug 26, 2020 0 comments
How Much Do Electric Bikes Cost?

Switching to the new trend of bikes? Here’s how much to expect when you buy an electric bike

Wondering how much an electric bike costs? Don’t worry, it’s actually very affordable!
People worry too much about the cost of an electric bike that they settle for the regular ones, but believe it or not, it’s almost the same as some regular bikes. Considering all the advanced technology included in an electric bike, your money surely won’t go to waste. 
The cost of buying an electric bike depends mainly on the biking experience you want and the functionality you’re looking for. Think about where and what you’re going to use it for. Are you going to use it on difficult trails or on smooth pavement? Whichever it is, the electric bike industry has the right e-bike for you. Many electric bike companies out there set the prices for their products differently, so as you go through this, you’ll soon get an idea of how much money you’ll be expecting to shell out.

What are you paying for in an electric bike?

Aside from the basic components of a traditional bike, what you’re really paying for in an electric bike is the technology and advanced system accompanied with it. These and the convenience of going farther easier and quicker are the benefits of buying an electric bike.

Motor - The electric motor in an electric bike generally defines the cost of the bike. The motor’s power and performance capabilities play a significant role in the bike’s price. In essence, the better the electric motor, the more expensive the bike. However, the electric motor’s output power is not the only specification worth considering. 

Battery - Moreover, the quality of an electric bike’s battery, which fuels the electric motor, also affects the price of a particular e-bike. Most electric bikes use lightweight, efficient, rechargeable lithium batteries. The primary thing that separates one battery from another is how far and long it takes for a battery to perform its function before it needs to be recharged. On the side, the charging rate for a specific battery depends on the voltage and amp-hour rating indicated in the battery. To compute for the cost of charging, here’s a sample computation for you:

For example, a Quietkat 2020 Apex 52V – 17.5 Ah rechargeable Lithium-Ion battery has 910 watt hours equivalent to 0.92 kilowatt hours (kWh). With an average electric fee of 13.45 cents per kWh,

Charging Rate = 0.91 kWh x $0.1345/kWh = $0.122

So basically, it just takes 12 cents to fully charge the given Quietkat battery that can get up to 20 miles per charge.

What are the types of electric bikes out there?

And how much?

Still deciding what kind of electric bike you’re going for? There are many types of electric bikes in the market today. Among the most popular are already listed down for you! Take a look at each type, its build, what’s it designed for, and its price range.

Electric Mountain Bike

Electric Mountain Bikes (eMTB) are electric-motor-equipped mountain bikes that amplify your normal pedaling power. These electric mountain bikes do not have a throttle, meaning that you can only go forward if you pedal them. This distinct feature of an eMBT enables you to go farther, faster, and stronger with every pedal you make.  

If you’re the type of person who feeds on adventures by going through challenging trails, steep slopes, and rough off-road paths, then you should consider limiting your options to electric mountain bikes. Not only do they support the primary purpose of a traditional mountain bike, they also give you the best training in mountain biking, especially when you’re just starting.

Now for the price, an average eMTB costs around $1,000-$5,000 depending on the brand and features it offers. Typically, some designs of electric mountain bikes are more expensive than others. Below are some of the best selling electric mountain bikes in the market today.

Price: $1,549
Price: $1,490

 

Electric Road Bike

Electric road bikes, aside from being heavier and motor-assisted, also have the traditional smooth, skinny tires and drop (curled) handlebars. Although some designs have wider tires that allow you to go through bumpy rides and rough paths, the main purpose of an electric road bike stays the same: to be ridden fast on smooth pavements and be used for on-road racing.

An electric road bike can take you to farther places quicker and easier. So if you're going to be riding primarily on the road, you're definitely looking for an electric road bike. This type of bike is perfect for people who are fitness enthusiasts who prefer long-distance cycling. Or if you’re someone living far from your job and just want to get through the heavy traffic to get to work on time, you absolutely need an electric road bike!

Like any other electric bike, the motor and battery performance aside from the brand mainly dictate the price of an electric road bike. When it comes to costs, the price for an electric road bike varies inconsistently with the brand and specifications it has. The price of a typical electric road bike ranges from $2,000-$6,000. The following featured products are among the low-cost, top quality electric road bikes out there.

Featured product: Nakto Classic 36V 250W Cruiser Step-Thru Electric Bike

Price: $799

 

Featured product: Hollandia Fronta 36V 250W 700C Aluminum Electric Commuter Bike

Price: $1,399.99

Folding Electric Bike

A folding electric bike (folding e-bike), as you might expect, combines both the benefits of having a regular folding bike and an electric bike. A folding electric bike makes challenging physical power-driven rides easier and faster. This type of electric bike, just like the others, offers assistance in pedaling, which makes you get to your destination faster and with less effort.

If you want to make your commute faster and your parking fees cheaper, then get yourself a folding electric bike. Beat the heavy traffic by unleashing this handy electric bike on the road. If storage is an issue, a folding electric bike is easier to find a home or a place than any other bike, it’s definitely a space-saver. So if your choice so far is leaning more on purchasing a folding e-bike, you might want to check out the folding electric bikes listed below.

The average price for a folding electric bike ranges from $1,000-$3,000. It depends on the style, accompanied motor and battery, and brand. These factors generally affect the price of an electric bike and must be taken into consideration when buying. Shown below are the best sellers under the folding electric bike category.

Featured product: BEST 500W 48V Folding Electric Trike

Price: $2,599

 

Featured product: BEST Low Step 48V 500W Fat Tire Folding Ebike

Price: $1,269

Considerations in buying an electric bike

Just like all automobiles, after purchasing an electric bike, there are additional costs to consider while operating and maintaining it. However, these necessary additional costs are way cheaper than the cost it takes to maintain a typical automobile and will still save you more in the long run.

Maintenance Cost

As much as possible, you want to sustain the quality of experience of riding your electric bike even after so long you bought it. Especially if you’re going to use it on a daily basis, you’ll have to allot time and additional money for frequent maintenance. Electric bike companies suggest you have your electric bike checked by an expert rather than doing DIY maintenance. Here are some of the basic maintenance costs for an electric bike, together with their average fees.

 

Accessories

Essential bike accessories like helmet, lights, locks, and water container give you extra protection and your electric bike additional security. By investing in high-quality bike accessories, you and your bike are sure to have safer rides. If you’re asking how much each accessory might cost, we’ve already listed it down for you!

 

Spare parts

It’s always an excellent idea to have spare parts for your electric bike. The most critical spare parts you need are an extra battery and battery charger if you forget one at home; you have another at your office or in your bag.

As you have seen, the price for an electric bike varies a lot depending on the type, brand, and level of technology it comes with. Today, the most common electric bikes in the market range from $500-$2,000. At Electric Bike Paradise, we offer the lowest price while ensuring the highest quality standards for our electric bikes. 

Do you have questions about the cost of an electric bike? Leave us a comment!

 


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