The total number of electric bikes sold around the world is set to reach a massive 17 million per year by 2030. This is thanks to the fact that electric bikes have become a reliable, sustainable way to travel quickly.
But just how much does an electric bike cost to purchase today? We’re going to go through the process of buying an electric bike of your own.
We’ll outline electric bike prices for different types of electric bikes, and just how far your budget should be able to stretch.
How Much Does An Electric Bike Cost on Average?
Let’s first go into the average amount you should expect to pay for an electric bike in 2021. This is based on the expected cost of cheaper models, as well as the most expensive models of electric bikes.
We’ve combined these figures to come up with an overall price bracket, as well as an average estimate for a quality bike.
You should expect to pay between $1,000 – $5,000+ for a quality electric bike. That means the average you should expect to pay is around $2,000-$2,500 for a mid-range model.
It’s worth remembering that you may be able to obtain tax credits for electric bike purchases in certain areas of America. This is if the newly proposed legislation is passed, but could mean you could save up to 30% of the cost of your electric bike.
Buying an Electric Bike on a Budget
If you’re buying an electric bike on a budget, you should be looking at around the $1,000 range in total. There are some models available for this price, but you need to bear in mind this is the lower end of what’s available today.
That means that in terms of types of electric bikes, you won’t be getting one with the most advanced features.
There are however a number of affordable electric bikes that are around the $1,700-$2,000 range if you can spare a bit more cash for your bike. You should take a look at this range of electric bikes if this is your budget.
The Most Expensive Electric Bikes Currently on the Market
The most expensive electric bikes available today can cost upwards of $5,000 in total. A good example of this is if you’re looking for an electric bike that can also transport your family.
These include additional seating areas for children and will run you around $6,000 for a new model. The most expensive bikes on the market today are also typically the fastest and can withstand high speeds.
When deciding on the right bike for you, it’s always worth considering your personal requirements. Think about what matters to you in terms of speed, comfort, utility, size, and other factors.
It’s likely that an electric bike worth around $1,700-$2,000 will be perfect for your individual needs.
Where Can I Find Out More About Electric Bikes?
You should now know the answer to the question of just how much does an electric bike costs, in detail.
If you’re interested in learning more about electric bikes or transport, make sure to read through previous posts on our website, we have tons of quality content for everyone.