Electric bikes are fast becoming one of the most popular ways to get around town in the U.S., with over three million units sold in 2019 alone. Chances are, you’re starting to wonder whether you should buy one of your own.
But how much does an electric bike cost? What affects electric bike prices?
That’s what we’re here to look at today. If you’re looking to buy an electric bike, check out this cost guide here!
Electric Bike Cost Range
Generally speaking, an electric bike costs anywhere between $600 and nearly $8,000. If you’re looking to buy an electric bike, you’ll find that most bikes start at around $1,000.
Extremely powerful bikes can easily top the $10,000 price range. These bikes usually have incredibly efficient power and battery storage. They’re usually geared towards mountain biking, resembling more of a dirtbike than anything.
The electric bikes that start at $1,000 or lower are inferior to the power of those high-cost bikes but are definitely more economical. While they lack the finest components or engines, they’re definitely still functional bikes.
How Are Electric Bike Costs Set?
The two main components that distinguish electric bikes from traditional ones are the battery and the motor. Those parts often distinguish cheaper electric bikes from more expensive ones as well.
In fact, batteries alone can cost you up to $450 depending on how high-quality they are. It might even cost more if you get customized batteries.
If those prices scare you, don’t worry. As the demand for electric bikes continues to rise, you’ll find that the supply of e-bike batteries is going to increase as a result.
Your electric bike’s motor also determines its price. Unsurprisingly, the more powerful the motor, the higher the end price. If you need something with a little more kick, you might have to pay a little more.
Maintenance and Bike Charge
Don’t forget that owning an electric bike is a long-term investment, one that’s going to cost you incrementally down the line. In other words, you have to contend with the cost of maintaining and charging your bikes.
If you want to keep your bike in tip-top shape, it’s important that you bring it to a mechanic for a tune-up every 6 months. This will probably cost you about $100 or $75 depending on your bike’s condition.
A flat tire can always occur, costing you about $10 or more depending on the tire type. Brake adjustments will also cost you around $25.
You can definitely save some money by doing these little fixes yourself. If you buy the right maintenance tools, you won’t have to worry about some of these costs down the line.
If you charge your electric bikes at home, you’ll have to contend with the extra energy charge as well. Check your local electricity prices and your bike’s battery voltage to figure this out.
Despite some of these costs, electric bikes are still a great way to get around town. Check them out if you still think they’re right for you.
Buy an Electric Bike at the Right Price
Buying an electric bike is a great investment for practically anyone, but knowing its related costs is important before making a decision. Use this guide to help you understand how much it costs to buy an electric bike.
For more informative articles on e-bikes and other topics, check out the rest of our site!
