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 bicycle that they settle for the regular bikes, but believe it or not, the average cost of an ebike is almost the same as some traditional bicycles. 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. There are two primary kinds of e-bike motor: mid drive and hub motor. The motor power (power output) and performance capabilities play a significant role in the bike’s price. For that matter, mid drive motors are more powerful and durable compared to hub motors hence are pricier. These ebike motors are connected to either a torque sensor or a cadence sensor to help provide an accurate amount of E assist. Most electric mountain bikes, especially hunting electric bikes, are equipped with mid drive motors. These robust mid drive motors are intended for climbing hills, overcoming rough terrain, and extreme adventures. 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 - This part of the electric bicycle is considered to be the most expensive. Whether it’s a frame-integrated battery or a removable battery, the price depends largely on its capabilities. 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 the capacity. 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 hours rating indicated in the battery. To compute for the cost of charging, here’s a sample computation for you:
For example, a 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 battery example that can get up to 20 miles per charge. But generally, the price of electric bike batteries depends on the battery power and battery capacity.
Gears and Special or Extra Features- Some electric bikes are equipped with the most advanced technology. Almost, if not all electric bicycles already have their own display system. And it comes with either a colorful LCD display or panel or a plain LED display. Additionally, mechanical features like gears, derailleur system (Shimano, SRAM, etc.), brakes (hydraulic disc brakes or mechanical disc brakes), and fat tires are all contributors to the price of an electric bicycle. A bike company for example is exclusively known to produce this particular kind of electric bike that features a special suspension fork or hydraulic disc brakes. This company then can sell its ebikes for a higher price. In essence, an e-bike equipped with some of the most advanced features and latest components generally means more expensive.
But aside from these technical features, here are some other reasons on why buying an electric bike is a good idea. Now, moving forward, let's identify first the kinds of electric bikes that you can choose from.
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 Bikes (eMTB) are electric-motor-equipped mountain bikes that amplify your normal pedaling power. eMTBs usually are equipped with mid drive motors for stronger power and more extra boost to overcome steep hills. These electric mountain bikes may or may not have a throttle. It can have both the options to go on a pedal assist mode or the throttle mode. 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 cost, an average eMTB has a price range of 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.
Featured product: Ecotric Seagull 48V/13Ah 1000W Electric Mountain Bike
Featured product: Micargi Steed MTB 48V 800W Fat Tire Electric 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 range of a typical electric road bike is from $2,000-$6,000. The following featured products are among the low-cost, top quality electric road bikes out there.
Featured product: Ecotric Peacedove 36V/10Ah 350W Step-Thru Electric Bike
Featured product: Ecotric Lark 36V/10Ah 500W Step-Thru 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
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.
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 or tune up as they call it. Electric bike companies suggest you have your electric bike checked by an expert or in bike shops rather than doing DIY maintenance. Here are some of the basic maintenance costs for an electric bike, together with their average fees.
Essential bike accessories like helmet, headlights, tail lights, locks, wheel fenders, 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!
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.
Not what you're looking for?
If you're looking for more references, then you want to check out our collection of the Best Electric Bikes Under $1,000 and Best Budget Electric Bikes. But, if you want to know everything there is to know about buying an electric bike, better start with this ultimate electric bike buying guide.
Do you have questions about the cost of an electric bike? Leave us a comment!