Best Budget Electric Bikes

Great electric bikes that deliver solid performance without breaking the bank. Proof that you don't need to overspend to get quality.

Reviewed by Marcus Webb, Outdoor & Active Editor

Heybike Venus Foldable Electric Bike

The cheapest folding e-bike worth buying — 500W motor, 40-mile range, and folds flat for $600.

Brand: Heybike  •  Price: $600  •  Rating: 4.3/5

Motor Watts: 500 Battery Volts: 48 Range Miles: 40 Top Speed Mph: 20

Lectric XP Lite 2 Folding Electric Bike

The lightest folding e-bike under $1,000 — 46 lbs with a sleek design and 40+ mile range.

Brand: Lectric  •  Price: $799  •  Rating: 4.4/5

Motor Watts: 300 Battery Volts: 48 Range Miles: 40 Top Speed Mph: 20

Lectric XP4 750W Folding Electric Bike

The best value electric bike — folds to fit in a trunk, 750W motor, and 55+ mile range for under $1,000.

Brand: Lectric  •  Price: $999  •  Rating: 4.7/5

Motor Watts: 750 Battery Volts: 48 Range Miles: 55 Top Speed Mph: 28