How Much Do Electric Bikes Cost?

Last Updated on June 23, 2021

How Much Do Electric Bikes Cost?

Thinking of getting yourself an e-bike and curious as to how much electric bikes actually cost? There is a lot of variety and price in the electric bike world, but generally, the more you pay, the more you get.

Trust me; you’re not the only one on the hunt for a brilliant e-bike for a brilliant price.

I have looked at countless manufacturers and got a feel of the electric bike community to work out how much you should spend on your electric bike, as well as the features you should expect for that price.

There are so many manufacturers out there now selling electric bikes, from your casual commuter to your real trail ripper; working out how much you should spend is challenging for anyone.

But don’t let that put you off.

To make things easier for you, I have spent hours researching manufacturer to manufacturer to determine exactly how much you should be spending, and I can tell you yes, you can get an excellent e-bike on a budget.

Let’s jump in, gang!

So How Much Do Electric Bikes Cost?

How much are electric bikes? How much should you expect to be spending when buying e-bikes? On average, prices vary between $600 at the low-end electric bike range and over $8000 for the top-end electric bike.

However, most commonly, you’ll find that electric bikes start from around $1500 and go up from there. Over 70% of electric bikes fall into the 1000-5000 price range, and only 25% go above that.

Additionally, only 5% were below 1000, so if you’re looking for a good quality electric bike for under 1000 dollars, you may be out of luck, they do still do some pretty good ones on Amazon though.

Electric bikes are becoming increasingly popular each year, with sales up by 145% between 2019 and 2020. Since 2021, it has continued to increase; as popularity increases, this should lead to lower prices each year.

Companies also want to encourage people to buy an electric bike to lower the amount of fossil fuel emissions from cars; commuting electric bikes have become so popular that most cities even allow you to rent them.

Highest End Electric Bike Cost:

For the top of the line components in an electric bike, you could be putting yourself out of around $10,000. The most expensive range comes from Trek, Optibike and they tend to be e-mountain bikes.

These bikes are absolute beasts down the trails; they cater to a demanding e-mountain bike rider and offer unmatched power and battery storage.

For that kind of dollar, you should expect a full carbon frame, the longest battery range possible on an e-bike, and some mega insane levels of suspension; if you’re a real serious ebike lover looking to take the next step, then the taller price range may be ideal.

But be careful; I know that especially Optibike isn’t completely street legal as it can get up to a whopping speed of 35 mph. So the features are great n all, but if you can’t use them, it’s worthless.

Cheapest Electric Bike Cost:

Looking for a cheaper model? I don’t blame you; some of these ebikes are pretty pricey. On the more cheap electric bike scale you use for under $1000, you should expect lower quality components and an overall bike.

Some manufacturers will use off-brand batteries which will only see you around 20 miles before needing a recharge. There is also little warranty and poorer durability of components.

You’ll mainly find that cheap electric bikes are often found on Amazon and come at a price lower than well-known brands such as Trek, RadPower Bikes, Cannondale, etc.

However, brands like Swagtron come at an extremely affordable price. Still, they offer some pretty good components, so that it would be my top recommendation of the best electric bikes under $1000.

Looking for something cheaper but not want poor quality components? I recommend spending between $1000-$3000 on an electric bike; check out my guide here for my top picks.

Electric Mountain Bike Cost?

So how much should you spend on electric mountain bikes? I know that electric mountain bikes tend to be at the higher end of the cost spectrum, but it’s because they require higher quality components and higher durability than a commuter or road bike would.

They will have high-end durable components in comparison to regular mountain bikes. Still, they’ll also have additional parts like full suspension, front/rear shocks, hydraulic disc brakes, and even a higher-end derailleur.

I would recommend spending between $3000 and $6000 on a mountain ebike to ensure you’re getting all the essential durable components. I’d also check that the ebike can tackle serious rugged riding conditions too.

Best Electric Mountain Bike

But Why Do Electric Bikes Cost So Much?

Like with a regular bike, the cost of an electric bike all depends on the quality of components, brand, and type of bike. But what makes the electric bike more pricey than any regular bike is the motor and battery.

Some custom frames even house all the writing and integrate the battery for a more streamlined package and look. The majority of electric bikes are almost silent, too, which allows them to look subtle.

Electric bikes have been consistently changed, updated, and improved to make riding smoother, more enjoyable, and just more natural. In addition, the batteries are constantly improving for convenience, and so you can ride further.

Maintenance Cost:

Electric bikes wear out much more than regular bikes because they have far more components that are subject to wear and tear and hence why they need more maintenance.

The motor, battery, motherboard, you name it. If you’re replacing your car with an e-bike, then it will need a fair amount of maintenance to keep it intact for years to come.

I would recommend you tune up your electric bike every six months or 500 miles, this can cost between $75 and $100 each time, which is pricey, but it’s definitely worth it.

Patching a flat tire will cost between $10 and $20 to fix, depending on how severe the fix is. The brake adjustments will cost between $20 and $25 to sort out too.

I love the most recent electric bike model because they require less and less maintenance, making it easier for bike shops and you to perform general maintenance.

But with any repair, you’ll need the right tools that are up for the job, fixing a flat tire? You will need a patch kit and a bike pump, tightening nuts, and bolts? You’ll need a friendly tool kit.

citi bike photos

Cost Of Charging Your Ebike:

One consistent cost you’ll be sure to be faced with is the cost of charging the battery. The cost per charge is pretty easy to calculate, just a teensy weensy bit of maths– don’t worry, it’s easier than you think.

You need to find the battery voltage and amp hour rating of your electric bike; these numbers will help you work out the watt-hours. Then check your local electricity prices and divide the watt-hours by the electricity prices to get your final price– simple!

For example, the average cost per kWh in the states is roughly 13.45 cents per kWh. So if you have a 36V 10Ah battery, that is 0.36-kilowatt-hours. Divide 0.36 by 0.1345, and you have your answer!

It is as little as 5 cents to fully charge a 36V battery; that’s pretty impressive.

But how many miles per charge are there? On average, you should get between 20-100 miles per charge depending on the model and type of electric bike you have.

It’s super cheap to use an electric bike, and as little as $1 will see you for around 400 miles. $1?? You’ll be sure to be saving money on gas, that’s for sure.

Summary:

So are electric bikes worth it? Absobloodylutely! They may be slightly pricier than your regular bike, but the cost of an electric bike is definitely worth it.

Not only are you switching out fossil-fueled cars for a more environmentally option, but you’re still getting fit in a fun and easier way. Electric bikes have so many benefits.

The first thing you should do is check your budget, and I would recommend spending between $1000-$3000 on an electric bike, but if you’re not worried about the budget, then the $4000-$6000 range will do you nicely.

Whatever price range you choose for your electric bike, you should always check for quality components, and once you’re all set, then it has never been so easy.

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