One of the fastest segments of the biking industry today is the production of electric bikes. According to a global data report, almost $5.9 billion of the cycling industry in the United States comes from e-bike sales.
Today, electric bikes are considered a great transportation especially for commuting. Its integrated motor, pedal assistance, and the additional power s made commuters switch from regular road bikes to electric ones. However, electric bikes do come with a hefty price tag from $750 to $14000. If you are planning to use electric bikes on your daily commute, it is important to know how much does an electric bike cost.
Here, we will discuss the different price range of an electric bike. This will give you an idea of how much budget you need to allot to get yourself a new one.
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Types of E-Bikes
Electric bikes come in three classes. It can be categorized into Class One, Class Two, and Class Three.
Class One e-bikes do not have throttle but provide user pedal assistance and power. It has a maximum speed of almost 20mph. On the other hand, Class Two e-bikes have pedal-assisted power and a throttle. They also have a max speed of 20mph. Lastly, the Class Three e-bikes can run up to 28mph and are equipped with both a throttle and pedal-assisted power.
All three classes can be in a variety of forms and constructions. Depending on the purpose, e-bikes can be of standard type, folding type, cargo type, and off-road type. The different types also vary in prices, and the quality of motor they have.
If your goal of getting an e-bike is for general riding activities, the cost of ebike can range from $1000 to $3000. With this type, you can already enjoy premium quality batteries, motors, and standard engineering.
You can get the most basic features an electric bike can offer users. Though there will no adornment like bells, whistles, and other extra features for this type.
If you want a portable and go-to bike for travel and leisure, you opt to get a folding electric bike. For this kind, you have to allot a budget of $1500 to $3500. It is more expensive than the standard type because it can already use extra folding mechanics for a bike.
Other than that, you can get the most basic features like quality motors, a good set of batteries, and well-engineered construction. The folding types are the best if you’re looking for easy storage and portability.
If your purpose does not include leisure biking, and you need a machine for your business, a cargo type of e-bike is what we recommend. Cargo electric bikes are great for carrying a lot of stuff.
The electric bike price can range from $1800 to $8000, and hold extra features as well. The cargo types are durable and strong enough to hold a heavy amount of load. It is designed for carrying and transporting a large amount of weight and load.
Since it comes with additional features, the cost of electric bike is more expensive than the standard or folding type.
For adventurers and travelers in off-road environments, the off-road types are ideal. It is specifically designed to be used for mountain trails and other challenging or rough terrains. The e-bike price can range from $2000 to $5000 because of the strength and durability it provides.
Off-road electric bikes are made of heavy duty electric parts, which can add weight to the machine. It can easily propel to rough and uneven terrain without compromising its speed and power.
Compared to the other types of e-bikes we mentioned, the off-road bike is the most powerful and the most expensive. You need to spend more to enjoy the durability off-road electric bikes provide.
Most Expensive E-Bikes
Since the launch of electric bikes in the cycling industry, a lot of companies and manufacturers compete to produce the best of all kinds. If you are looking for premium e-bikes, it can surprisingly cost $10,000 or more.
With this price range, you get to have top-of-the-line components and superior engineering assemblage. Some of the types in this price range are used for mountain biking that come with excellent battery storage and power.
The Optibike Carbon Fiber R15C, for instance, can cost you $13,900 while the Rail 9.9 X01 AXS can go as much as $12,499.
To saturate the market, there are other manufacturers that offer an affordable electric bike. If you are tight on a budget, and want to switch to an e-bike, you can still find a machine costing less than a thousand dollars.
With this price range, you do not get to expect much. The cheap electric bicycle offers basic quality with a standard battery system and motor power. Specifically, the battery comes with less storage capacity and lacks warranty. In terms of durability, you can only enjoy an average quality.
For this price range, you can check the Ancheer Folding Electric Bike at $500 or Cyclamatic Power Plus CX1 at only $750. There are plenty of electric bikes in the market with this price level.
After Purchase Cost
Even after your purchase, your electric bikes can incur costs. It involves proper maintenance and even charging your electric bikes. Here are the extra costs that you should take note of once you have already acquired an electric bike.
1. Maintenance cost
Like any other regular bikes, an ebike is also subjected to repair and maintenance. Electric bikes are not free from wear and tear, and there will come a point that you have to take your bike for maintenance.
For a bike tune up cost, you have to allot around $700 to $100. It is recommended to undergo this kind of maintenance every 500 miles your bike takes or every after six months of regular usage.
Another maintenance cost to consider is your e-bike brake adjustment. For this, you need to save around $20 to $35 depending on how frequent your bike needs brake adjustment. If your bike needs replacement, it is another expense that you must consider.
Lastly, patching a flat tire should be on top of your repair list. Bike tires can easily worn off, especially if you use your bike on a day to day basis. Depending on how badly your bike tire needs patching, it can range from $10 to $20.
2. E-bike charging
Since electric bikes have built-in batteries, charging these batteries also comes with a price. The cost of charging your electric bike batteries can start from $1 or more depending on how much battery it needs.
If you want a fully charged battery that can run as far as 20 to 40 miles, it can cost you $0.04-0.08 per charge. The cost will vary depending on factors like battery size, weight, and how long it will be charged.
For every 300 to 400 mile battery needs, you have to allot a dollar for it. Of course, it is way cheaper than refilling gasoline for your car.
3. E-bike extras
If you want an upgrade, you will be paying more to get additional components for your bike. Depending on the bike parts and quality, you will spend around $45 to $100 for bike accessories. It already includes safety certified helmets and reliable e-bike locks.
Of course, the price of your bike accessories greatly depends on the type of accessories, material used, and quality. If you want something that can last for a long period of time, you pay for a premium price tag.
4. Insurance policy
Getting an electric bike is already an investment. Even though most e-bikes come with limited warranties, it is recommended to safeguard your bike with an insurance policy. The price of your e-bike insurance depends on the span and coverage you want to acquire.
You can opt to get a warranty that can last up to five years. The policy can cover motor, battery, frame, and other comprehensive requirements. In this way, you are more secure in using your bike even in rough and challenging terrains.
An ebike insurance policy can cost you from $100 to $200 in yearly premium. With this amount, you can get great coverage and benefits.
Riding an electric bike is not only good for the environment, but can also cost you less in the long run. Charging an e-bike is way cheaper than buying petroleum or gasoline. However, you need to invest a significant amount of money to get yourself an electric bike.
Since the e-bike industry is big and booming, there are still plenty of options out there; you can get an electric bike that suits your budget. From top range to affordable ones, there is an e-bike available for you.
May this guide give you an idea of what kind of e-bike you need and how much does an electric bike cost. We also provided sample bikes at a specific price range for your own assessment.