How Much Do Electric Bikes Cost? | Over 300 E-Bikes Compared

How Much Does An Electric Bike Cost? E-Bike Cost & Average

If you are planning to buy an electric bike, you might be wondering how much do electric bikes cost? Through this article, we will discuss this in detail.

You should keep in mind that electric bikes are available in a variety of price ranges. For example the higher-end electric bikes are available in the market from $2000 up to $14,000.

These bikes generally comes with a large number of features as compared to the lower-end electric bikes.

In case you are willing to purchase a cost-effective E-bike, they came in the range of $450 to $2000. These are equally well and powerful but lacks in brand value, motor power, and trust.

In our own research, the average cost for electric bikes was found to be between $600 to $1000 for 80% of the e-bikes sold today.

Even with electric bikes you usually get what you pay for. Better more powerful e-bikes for mountain biking are available at a premium while cheap city e-bikes available at a lower cost.

It is worth mentioning here that as compared to normal bikes, electric bikes are more environment-friendly. This is the reason why many people consider using electric bikes.

Article Summary

  • About 70% of E-bikes Available in the market cost less than $3000.
  • The Average cost of an Electric bikes is between $600 and $1000 ( for 80% of E-bikes sold today ).
  • We find $2059 to be the mean Average cost for E-bikes after comparing 300+ Electric Bikes.
  • Most expensive Carbon Frame Electric bikes will cost you $13999.
  • Only a handful of bikes ( about 6% in our observation ) cost’s more than $7000.
  • In China, the average cost of electric bikes is just $280 ( lowest in the world ).
  • In the USA, the average price of e-bikes is $629.
  • Your e-bike price varies a lot based on the type of bike you choose. For example a city electric bikes starts at $1093 while the cheapest mountain e-bike cost you $1785 on average.

How Much Does An Electric Bike Cost?

The cost of electric bikes can vary somewhere in the range of $500 to $7000. Usually most e-bikes available in USA starts from $450 to $460 and can go anywhere from $7000 to $13,999 for some brand.

In over 300 electric bikes compiled the average mean cost for all e-bikes compared was $2059; in which about 20% of electric bikes cost between $0-1000, 33% of total between $1000-2000, 17% of total 300 compared between $2000-3000 and the rest 30% distributed between $3000-14000.

It is worth mentioning, different brands offer different price range just as they offer different components and features, so you can choose an electric bike brand as per your individual requirements.

Before making any decision, always take into account your budget.

Average Cost

The Average cost of an Electric bikes is between $600 and $1000 ( for 80% of E-bikes sold today ). While this cost appears to be the average, the prices can vary depending on many factors such as type and location.

Like other vehicles, E-bikes also have different types, and each type has different needs, materials, accessories, features, and performance. Mountain E-bikes are the most expensive type of E-Bike and are sold at an average price of over $2000. On the other hand, city E-bikes can only cost you an average price of below $2000.

In addition to the type, the location for purchase can also affect the average cost.

In China, the average cost of electric bikes is just $280 while the average price in the USA is $629. This difference is most probably due to the low production cost.

To further analyze the cost of E-bikes today, we have compared over 300 E-bikes in the market and have found $2059 to be the mean average cost for E-bikes in our data set.

Contrary to expectations, only a handful of bikes, about 6% in our observation costs more than $7000. The most expensive E-bikes are the carbon frame electric bikes that can cost you up to $13999.

For more detailed information on E-bike prices, you may check our comparison here.

Some other things that may affect the price of an E-bike are the materials used, build, design, motor, and more. Some special features may also add up to the cost of this vehicle.

How Much Does Electric Bikes Cost?
Price Range
No of E-bikes Compiled
% Total
$0-1000
64
20.3%
$1000-2000
103
32.6%
$2000-3000
55
17.4%
$3000-4000
29
9.2%
$4000-5000
19
6%
$5000-6000
9
2.8%
$6000-7000
16
5%
$7000+
20
6.3%
Grand Total
315
100%
Data Based on Independent Study Done on E-Bike Price in 2021 ( Goingfitunfit.com )

Cost by Electric Bike Type

As we have briefly mentioned above, the cost of E-bikes can be influenced by their types. There are five main types of E-bikes nowadays. These are Mountain E-Bike, City E-Bike, Electric Cruiser, Folding, and Fat Tire E-Bikes.

Mountain E-Bikes usually have an average minimum price of $1785 and an average maximum price of $4034. That is the highest among any E-bike type.

On average, you can buy Mountain Electric Bikes for above $2000. They are the most expensive type of E-Bike because of their high-capacity battery and powerful features that are suitable for rough terrains.

City E-Bikes cost the lowest among all types. This type of E-bike retails at an average minimum price of above $1000 and an average maximum price of above $3000. The average purchase cost is below $2000 making them an affordable choice for daily commutes around campuses, cities, or the countryside.

Electric Cruisers do not go far from the price range of city E-Bikes. Their average minimum price of $1000, and the average maximum price of $3022. The average selling price of electric cruisers is between $1000 to $2000.

They are perfect for first-time E-bike users who are on a budget.

Folding E-bikes are another affordable bike type with a price range comparable to city E-bikes. These retails at an average minimum price of over $1000 and an average maximum price of over $2000.

Another popular type is the fat tire E-bike. A Fat Tire E-Bike is sold at an average minimum price of $1500 and an average maximum price of $3500. On average, you can buy it for over $2000.

electric bikes cost comparison by bike type

Maintenance + Charging

Just like any other type of vehicle. E-bike maintenance also comes at a price. Starting with the usual requirement of an E-bike which is charging through a power source.

From our Last post on “How Much it cost to charge an e-bike” ( including specific charging cost for Different US States ) gives us an estimation of $0.04 to $0.08 cost per charge of an E-Bike.

This charge will be enough for a 20 to 40 miles ride.

The cost per charge of an E-bike mainly depends on the capacity of the battery. The higher the capacity of your battery, the more power it requires which can make the charging cost higher.

In addition to charging, you will also need to take into consideration the cost of maintenance i.e cleaning, repairs, need to replace or fix parts, and regular fixes like patching flat tires.

For instance, your E-bike will likely need a tune-up every 6 months or after traveling a total of 500 miles. This can cost you about $75 to $120.

Another common part of maintenance is replacing defective parts. For E-bikes, wheels usually need replacement after traveling 4000 miles depending on the quality of the tire.

E-bike tires usually cost $30 per tire. You may also need to replace your battery after 700 to 1000 charges. A brand-new battery can range from $350 to over $800 depending on the brand, capacity, and more.

Additional Cost

Apart from maintenance, you will need to think about additional costs like insurance and accessories.

Although you have warranties, some repairs and damages may not be covered by them. Some warranties are also only offered for a limited amount of time.

Buying insurance for your E-bike can help you out in emergencies and save you from costly repairs for a longer time. Nowadays, you can buy insurance for as low as $100 depending on the coverage.

Some important inclusions that you should look for in your insurance are theft and malicious damage. You may buy insurance from your trusted insurance company or ask your E-bike dealer for any recommendations.

In addition to insurance, you should also think about the cost of accessories for your E-bike. Adding extra accessories to your E-bike can help with your safety.

Some safety accessories that you will need for your E-bike are front and taillights, helmets, and rearview mirrors. Other accessories can also make your overall user experience more comfortable.

The accessories include cup or bottle holders, storage bags, and saddles.

E-Bikes under $1000: Good for Beginners and Commuters

$1000 is always the best starting point when setting a budget for E-bikes but that doesn’t mean that you shouldn’t consider E-bikes that are under this price point.

E-Bikes under $1000 are considered entry-level E-bikes that are designed with basic E-bike gear and accessories.

They account for 20% of all E-bikes today and are often best suited for first-time commuters who are looking for an affordable means of transportation.

Usually, they have a range between 20 to 40 miles depending on the road condition and the rider’s weight. Their performance may also not be enough for tough terrains so it’s best to use these E-bikes on concrete roads.

They are much more user-friendly than more expensive E-bikes because of their basic designs. They can be used by both young adults and seniors.

Budget models at this price point typically can run from 32 km/h up to 45 km/h and are equipped with a 500W motor. They also come with dependable front suspension and rear rack, comfortable handlebars, and a strong frame.

The major brands that retail E-bikes at this price point are Ride 1Up, Ancheer, SixthReeZero, Ecotric, Micargi, NCM Moscow, E-Mojo, and Swagtron.

Ecotric 500W Leopard Mountain Electric Bike
$1029.99
Ecotric 350W Vortex City Electric Bike
$739.99
X-Treme 350W Women’s Step-Thru Mountain Electric Bike
$899.99
Ecotric 500W 20″ Portable and Folding Electric Bike
$969.99
Nakto 250W Camel City Women’s Electric Bike
$739
Nakto 250W Fashion Foldable City Electric Bike
$709
Nakto 300W Discovery 20″ Fat Tire Electric Bike
$999.00
ANCHEER 20 Inch Folding Electric Bike E-bike
$719.99
ANCHEER 26 Inch 250W Electric Mountain Bike
$969.99
ANCHEER 250W Folding City Commuter Electric Bike
$539.99
*Prices may vary, grabbed in Sep 2022

E-Bikes Between $1000 to $4000: Best Bang for the Buck

If you are looking for an E-bike with amazing specs at a budget-friendly price, then E-bikes between $1000 to $4000 are for you. E-bikes at this price point are the go-to choice for many E-bike riders today because of their high-quality components and build. Moreover, 70% of all E-bikes used and sold nowadays usually cost less than $3000.

E-bikes that are priced between $1000 to $4000 come with a powerful motor and can travel a range of 30 to 100 miles depending on the road condition and rider’s weight.

Generally, they can reach a top speed of up to 58 km/h and are equipped with a 500W to 750W motor.

Depending on the brand and model, you may get special features like user-selectable speeds, dual batteries, throttle and pedal assist, torque sensor, and Eco mode.

Because of the higher battery capacity, these E-bikes are suitable for daily city riding and can travel longer distances than cheaper E-bikes. Moreover, they are user-friendly and suitable for young adults and seniors.

Because E-bikes between $1000 to $4000 are the most popular, you have the widest range of design options at this price point. You can choose from classic retro designs to minimalist modern designs.

All major E-bike brands, both budget, and expensive E-bike manufacturers also have E-bike models that are sold at this price point.

E-Bike Above $4000: For Experts and Enthusiasts

Like other types of vehicles, an E-bike’s quality, performance, and capacity are also influenced by the price. Ultimately, the higher the price, the more powerful an E-bike is.

E-bikes above $4000 are considered high-end E-bikes and are equipped with top-shelf components from the drivetrain to their brake parts.

They account for 21% of all E-bikes and are usually designed with 500 W to 1000W motors and custom mid-drive motors. They can travel between 32 km/h up to 59 km/h and can travel a distance of up to 125 miles.

Depending on the brand and model of your E-bike, you may get special features like dual batteries and user-selectable speeds, high torque, color LCD screens, innovative rear suspensions, and more.

They can be used on city rides and tough terrains making them the best companion for adventures.

Furthermore, they have a more expensive and luxurious build and design that is certainly picture-worthy. Models in this price range may also have advanced belt drives and hydraulic disc brakes that can lower maintenance costs.

Some of the brands that sell the best E-bikes above $4000 are Amego Electric, QuietKat, Rambo, Trek, Optibike, and specialized. Trek brand is famous for the production of superior e-bikes in the range 1499$ to $12999.

Their high-performance bikes feature carbon wheels, integrated lighting, range boost compatibility, and many other amazing features. For unparalleled performance and safety, you will be thanking me after a year or two as you will have ample power and battery storage almost the same as new.

Another brand’s Amego Electric bikes caught attention for its higher range e-bikes starting from $10,000.

Amigo’s high-performance bikes offer an amazing stable ride; these bikes are quite competitive. No doubt, the high-performance bikes of both of these brands are reliable and tested.

Electric Bike Price From Major Bike Brand

Electric Bike Price From Major Bike Brand

Here, we will discuss the price details of the bikes of various brands. As Electric bikes cost vary a lot from brand to brand; of which Trek bikes cost highest and Ancheer among the lowest cost e-bikes.

The Trek bikes lie in the price range of $1499 to $12999 averaging around $4899. The average price of the electric bikes of the Fuji and Electra brand is $1799 and $949, respectively. Likewise, the T4B Electric bikes are available at an average cost of 1899$.

After these upfront electric bikes cost there is this added expense on charging, upkeep and maintenance. Unless you are lucky you may need to replace your battery after 3-5 years costing an additional $400-$800.

E-Bike Brand
Min Price
Avg Price
Max Price
Nakto
599
799
1299
Ancheer
469
629
979
American Electric
1150
1425
1899
Blix Electric
1499
1599
1699
Aventon
1199
1499
1699
Amego Electric
1434
3985
11638
Schwinn
1699
2099
3999
Add Motor
1349
1999
3599
Electra
1499
2199
3699
E-Joe
1139
1697
1799
E-Mojo
949
1471
2659
Micargi
854
1329
1765
QuietKat
2184
3704
5604
Surface 604
1999
2299
2599
X-Treme
854
1110
1707
Rambo
1709
3799
5984
T4B Electric
1424
1899
2849
Ecotric
664
949
1899
Fuji
1299
1799
1999
Trek
1499
4899
12999
*Prices may vary, grabbed in March 2021

Average E-Bike Price By Country

Just like similar e-bikes from two brands differ in price; similar or same e-bikes differ in their value by country. In this section, let us have a look at the average price of e-bikes in various countries.

In the USA, the average price of e-bikes is $629. Similarly, In the UK, the average price is $999, and in Germany, an electric bike is available at an average price of $766.

The electric bikes in Japan are available for $1457 in France, the average price is $978; in Canada, it is $794. In India, an electric bike on average costs $344.

Lastly, in China, the average cost of electric bikes is just $280.

Factors Affecting Electric Bikes Cost

Motor

Different electric bikes feature different types and power of motors affecting the Cost of the bike.

It’s very significant to understand that the quality of the electric bicycle affects the torque produced in the electric bikes. Torque is said to be a measure of the amount of support each pedal can get (in watts).

Keep in mind that the electric bicycles which have the capacity to offer 100% usually cost higher than those of their other counterparts. Such bikes are considered to be perfect for riding up and down the hill with ease.

Battery

Along with the power of the motor, this is one of the most important factors which affect the cost of an electric bike. Usually, in electric bikes, mileage is indicated in terms of battery capacity.

In simple words, we can say that the higher the battery capacity, the higher will be the price of the electric bike. These rechargeable lithium batteries also carry in their weight and charge capacity.

Note that some electric bikes may have more than one battery; multiple batteries help in enhancing the riding distance of the electric bike.

A good electric bike should able to go as far as 20 to 50 miles per charge depending on assist level. There is no doubt that as more customization of e-bikes is done, the overall price of electric bikes will increase.

Frame

Different types of frames are used in electric bicycles. First of all, we have folding frames which offer great flexibility at a lower cost. Across all brands folding electric bikes are among the least expensive one.

The drawback of folding frames is that these feature relatively lower-sized tires; include lesser-powered motor and battery making them unsuitable for trails and mountain.

Cargo frames are another type of frame that is suitable for carrying goods. In general, cargo frames which are appropriate for handling greater weight are more expensive than folding frames.

While not all brands offer cargo electric bikes they were the second most expensive ones next to mountain electric bicycles. Cargo frames are quite strong; in case if you are required to carry a child, then bikes with cargo frames will be perfect for you.

Factors Affecting Electric Bikes Cost
Image Credit: Ted Eytan | License: CC BY-SA 2.0

Accessories and Electronics

Another important factor that affects the price of electric bikes is the bicycle components or accessories. The bikes which feature high-quality components usually cost higher than those with lower-end accessories.

You should also keep in mind that electric bikes with highly durable and rugged suspension forks are generally more costly as compared to those with less strong or more durable suspension forks.

Always make sure that you buy electric bikes which have quality, reliable accessories which are not only durable but also light in weight. As per the quality of accessories, the price range for electric bikes will vary.

Brand Reputation

The price of electric bikes will differ based on their reputation too. It’s worth mentioning here that the premium brands (which have already established a big name in the market) provide premium quality components, and they cost higher in comparison to other lesser-known brands.

Also, most of the prominent electric bicycle brands offer great customer service as well as extended warranties; it is due to this fact that customers may prefer such brands and even agree to spend more money.

Some other brands even offer great quality traditional electric bicycles at lower costs as such brands sell bikes through non-traditional channels and thus can manage with a lower profit margin.

Wrapping it Up!

E-bikes come at different price points depending on the type. Mountain E-bikes remain to be the most expensive type of E-bike. The location can also play a role in the E-bikes’ average cost.

Other factors like materials used, build, design, and motor may also affect the cost. Nevertheless, on average, E-bikes typically cost $600 to $1000.

E-bikes between these price points usually come with entry-level features and performance.

Nowadays, you can buy E-bikes for below $1000 and more than $4000. Like other vehicles, you can expect more expensive E-bikes to have more powerful and advanced features.

Apart from this average cost, you will also need to consider other expenses like maintenance, insurance, and accessories when thinking about buying an E-bike.

Also Read,

Best Electric Bikes For Seniors in 2021 | Review & Comparison

How Much Does It Cost To Charge An Electric Bike

Average Bike Tune-up Cost And What Does It Include?

10 Reasons Electric Bikes Are Better Than Regular Bicycles

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