Will E-bikes Get Cheaper? Find Out Here!

Last Updated on March 26 2022 by

Why Do Electric Bikes Cost So Much & Will They Get Cheaper? - Our Guide!

If you are a lover of e-bikes and you're looking to buy your dream model, you're likely to be put off by their high price, with some costing over £3000, leaving you wondering will the price ever go down? 

Unfortunately, for now, e-bike prices are unlikely to go down due to their growing e-bike technology, e-bike motors and extra weight. Till e-bike technology reaches its peak e-bike prices will not likely come down till the future.

Down below in our guide, we will discuss why electric bikes are so expensive, reasons why e-bike technology is not getting cheaper, factors affecting why e-bike prices are high and other hidden costs to consider when buying these premium bikes.

Why Are Electric Bikes So Expensive? 

Before we get into the specific reasons as to why your perfect bike is so expensive, let's discuss the general cause of why the electric bike category is so high priced. 

E-bike prices are typically still high because they are new kinds of bikes, with e-bike technology that is still undergoing product testing and upgrading all the time. It wasn't till around the 2000s we started seeing commuter e-bikes on the market. 

Till there is a large increase in popularity and customer demands, cheaper e-bike components cannot be made with new high-end e-bikes going up in price due to new tech and components being made. 

Affordable e-bikes are made with basic technology and components which are reflected in their price.

Top Reasons Why Electric Bikes Will Not Get Cheaper 

Electric bikes can be found under £500, but these cheaper Chinese models are not made with quality parts, unfortunately, the electric bike industry can't produce cheaper high-quality models for the following reasons. 

  • Materials - If you're an electric bike enthusiast you would know that their materials are constantly improving and developing. From aluminum heavy frames to carbon frames which are much lighter. You also need to consider that e-bike technology now has improved motors and lithium-ion batteries instead of lead-acid batteries.
  • Economy factors - Depending on where you live, you might get lower-cost e-bikes or higher prices for the same model, this is because of import and export fees for the country. For example, in the US, e-bike battery prices are getting cheaper but due to Brexit in the UK, they are now becoming more expensive to import.
  • Technology - Nowadays highly advanced e-bike models are getting newer technology such as GPS, app syncing, smart routing and mobile control. As these technologies improve the price also goes up.
  • Competition - Even though cheap e-bikes exist, there is still less demand for them in comparison to high-end expensive bikes since they have cheaper parts, as an electric bike owner you want to ensure you are getting your value for money.

Factors Affecting An Electric Bikes Cost

The difference between a high bike cost and a low bike cost is influenced more specifically by the motor, battery, quality of parts, size and weight.

We've gone into further detail below.

  • Motor - A higher motor power typically means a higher price in the bike shop, this is responsible for the turning of the wheels on a bike, motor often needs to be custom-fitted too which adds to the labour cost of the motor.
  • Battery - The battery for electric bike manufacturers can cost anything up to £500 and more, even above £1000 if you go for a premium model, this accounts for most of the cost in an e-bike.
  • Quality of parts - Bike brands that use higher quality parts and quality components will have a higher price, for example, higher quality handlebars and rims all contribute to a greater cost.
  • Size - The bigger the size of the bike, the bigger the motor and battery too, which contributes to the cost. 
  • Weight - A heavier weight bike will cost more since it has higher shipping rates, this is often why fat tyre bikes are so expensive. 

Other Costs To Consider When Buying An Electric Bike

Not only do you have to consider the cost of the electric bike itself but also extra hidden costs like charging which occur once you have the bike. 

We've listed a few to note below.

Charging 

Although not a high price, the cost of charging your electric bike should still be considered when purchasing a bike. This should only cost a few pence per hour, however.

Maintenance 

You should further consider the maintenance of parts in an electric bike just like an ordinary bike, you will likely need to replace the brakes and tyres at some point to keep it a higher-performance e-bike.

Replacing the battery

Typically, most e-bike batteries cost between £500-£1500, they will last on average about 500 charging cycles before they need to be replaced however some can last up to 1000 cycles. You can also increase the lifespan by taking care of them better.

Are Electric Bikes Worth The High Price? 

As we mentioned above, electric bikes can cost anything between £500-£3000, so are they worth their high price? Well, this depends on the benefits you will get from the investment.

  • They are environmentally friendly - E-bikes are much more environmentally friendly than other types of transport, they emit no fumes and do contribute to greenhouse gases, just make sure you dispose of their battery appropriately.
  • Assisted biking - The best part about electric bikes is that they assist you, whether you have a nasty hill on the commute to work which leaves you sweating or you need an extra boost on a long mile ride, the motor inside of these bikes is here to help.
  • There fast - You can reach up to 25mph on most e-bikes which are considerably faster than a standard bike or by walking, this allows you to get to work or to your desired destination in a shorter amount of time.
  • Cheaper than a car - Electric bikes are much cheaper to run than a car compared to fuel prices which can surge at any time.
  • Can improve fitness - Although electric bikes do provide some assistance when riding they allow you to improve your fitness too since you can customise your levels, allowing you to ride at your own pace for longer periods.

What Are Some Affordable Types Of Electric Bikes?

If you find that electric bikes are too expensive but you can't give up that dream of owning one, there are some affordable types out there that have a good quality despite their low price. 

We've listed a few names to help you out below. 

Ancheer 

Ancheer is very well-known for creating low priced electric bikes, from their mountain bikes to commuting bikes, most of their bikes are retailed for under £1000. One of their most reliable and affordable bikes is known as the ANCHEER electric mountain biking, costing around the £600 mark.

Carrera Subway 

Carrera Subway is Halfords own brand of electric bikes, for around the £1000 mark you get a hybrid bike with high-quality specs such as hydraulic disc brakes and Shimano gearing systems.

Decathlon

Decathlon has some excellent affordable electric hybrid bikes for everyday use, a notable one is its B'Twin riverside series sold for around the £999 mark, boasting three assisted levels and a 400Wh battery.

RadPower 

RadPower makes fair quality electric bikes, their new RadMission electric bike in particular has a 500Wh battery for long-range riding and a mid-power 500W battery making it perfect for longer commutes without breaking the bank, it goes for around $1000 mark.

Aventon

Aventon makes affordable electric bikes but doesn't compromise when it comes to their designs and quality, there Aventon Soltera in particular has a 350W motor above the standard 250W and can travel up to 63 miles.

Frequently Asked Questions About Electric Bikes And Their Prices

What's the highest-priced electric bike? 

One of the most expensive electric bikes in the world is called the BlackTrail BT-01 and goes for $80,000.

What electric bike can I get for under £500?

Some affordable bikes under the £500 mark are ANCHEER, SWAGTRON and TOEU.

How do I choose a cheaper electric bike? 

To choose a cheaper electric bike, it's best to go for a hybrid bike or commuter, avoid mid-drive motors since they are more expensive and opt for an aluminium frame with disc brakes rather than hydraulic, the more gadgets you bikes has the higher in price it will be.

Why are mid-drive e-bikes more expensive than rear-drive?

Mid-drive motors are less specialised and are not produced in a mass why like rear hub motors, they are also more premium for riding since they are located at the pedals giving a natural feel to the bike when using the assistance.

What's the lowest-priced electric bike I can get?

Most electric bikes do not go under the $350 mark, if under then you would likely be compromising on quality and power. The average affordable high-quality e-bike will be over or around the $500 mark for a decent battery range and motor power.

How much do e-bike batteries cost? 

Electric bike lithium-ion batteries cost around £300-£500, this can be higher if the battery is of a higher capacity.

What are the most expensive parts of an electric bike? 

Without a doubt, the most expensive parts of an e-bike are the battery and the motor, this is then followed by the sensor, brakes and gearing as well as the frame depending on its materials. 

Also account for accessories such as an LCD and tyres.

Conclusion - Will An E Bike Get Cheaper?

To conclude our guide, electric bikes could get cheaper in the long-distance future, but for now, they will remain expensive due to developing technology and upgrades, pushing the price up even further. 

We would suggest avoiding cheap e-bikes due to bad quality parts and power, instead save and invest in the higher end models which will last you long term.

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