6 Fastest Cheapest Electric Bikes of 2020

Last update: Nov 26, 2020

Electric bikes come in a wide range of design, power, riding range, and speed. But no matter what product you buy, pricing is among the most important factors to consider.

In fact, not everyone can afford a high-end e-bike, which is why manufacturers are making more affordable bikes than before. If you are looking for the fastest & cheapest electric bike, we are more than happy to help with this comprehensive guide.

Here are the fastest cheapest electric bikes you can buy in 2020:

  • Best Overall: Swagtron Swagcycle EB-7 Elite Folding Electric Bike
  • Best for Muddy Road: NAKTO Electric Bicycle
  • Best for Off-Road Riding: Speedrid 26 Electric Bike
  • Best for City Driving: NAKTO 26" 250W Cargo Electric Bicycle
  • Best for Night Riding: emdaot 26" Electric Mountain Bike
  • Most Powerful: ANCHEER Electric Bike Ebike
6 Fastest Cheapest Electric Bikes
Best Overall
Swagtron Swagcycle EB-7 Elite Folding Electric Bike
    Best for Muddy Road
    NAKTO Electric Bicycle
      Best for Off-Road Riding
      Speedrid 26 Electric Bike
        Best for City Driving
        NAKTO 26" 250W Cargo Electric Bicycle
          Best for Night Riding
          emdaot 26" Electric Mountain Bike
            Most Powerful
            ANCHEER Electric Bike Ebike

              Best Overall: Swagtron Swagcycle EB-7 Elite Folding Electric Bike

              Swagtron Swagcycle EB-7 Elite Folding Electric Bike
              Swagtron Swagcycle EB-7 Elite Folding Electric Bike
              9Outstanding
              Pros
              • Heavy-duty and impact-resistant - advanced rear suspension and IPX4 waterproof rating construction
              • Versatile and controllable - a hybrid mix between an e-bike and a traditional bike, along with three riding modes and ultra-wide 16” wheels
              • Easy to charge or replace – removable battery
              Cons
              • The seat isn’t comfortable enough for long rides

              Swagtron Swagcycle EB-7 Elite always has a cheaper price tag than other counterparts at the same motor design.

              It is even superior in terms of quality and reliability (backed by a 1-year manufacturer limited warranty).

              Its advanced rear suspension and IPX4 waterproof rating construction are the two components getting the most compliments from customers. They keep the bike more endurable and heavy-duty to handle rough outdoor rides better.

              But what truly makes it stand out from the rest is the hybrid mix between an e-bike and a traditional bike, along with three riding modes and ultra-wide 16” wheels.

              The battery, besides, is removable for easy charging or replacement if needed. At a full charge, it can ride super-fast up to 18.6 MPH with a 15.5-mile range.

              Swagtron Swagcycle EB-7 Elite Folding Electric Bike Specifications

              Weight

              42.3 lbs.

              Tire Size

              16-inch

              Weight Capacity

              264.5 lbs

              Maximum Speed

              18. 6 mph

              Highlight Features

              Advanced rear suspension and IPX4 waterproof rating construction
              A hybrid mix between an e-bike and a traditional bike, along with three riding modes and ultra-wide 16” wheels Removable battery

              Verdict

              Swagtron Swagcycle EB-7 Elite is the best overall performer when it comes to the fastest and cheapest e-bike even compared to a used bike or a DIY option.

              Best for Muddy Road: NAKTO Electric Bicycle

              NAKTO Electric Bicycle
              NAKTO Electric Bicycle
              8.4Good
              Pros
              • Provide decent all-weather protection - front and rear mudguards, integrated metal full chain, and all-terrain tires
              • Safe to ride – front suspension and upgraded V-fork brakes
              • Offer fast speeds and longer mile ranges – up to 20MPH max speed & 30- to 40-mile range
              • Reliable - meet the EN-15194 safety standard
              Cons
              • The saddle is too small
              • No rear suspension
              • There’s no option to switch off the electric motor when riding the bike

              The NAKTO Electric Bicycle is specifically designed for better all-weather protection.

              It emphasizes front and rear mudguards, integrated metal full chain, and all-terrain tires.

              The brakes and suspension are also upgraded to deliver more grips and safety, making the bike itself super-easy to handle longer journeys. This is also the biggest strength of this option.

              Regardless, it is faster and able to ride longer than the Swagtron Swagcycle EB-7 Elite above despite the fact that its motor is just 10Ah 250W.

              There also comes with quick-change gears and 6-speed Revoshift gears for versatile riding.

              Ah, did we tell you that this e-bike has met the EN-15194 safety standard?

              NAKTO Electric Bicycle Specifications

              Weight

              39 lbs.

              Maximum Speed

              20 Mph

              Highlight Features

              Front and rear mudguards, integrated metal full chain, and all-terrain tires
              Upgraded V-fork brakes
              Up to 20MPH max speed & 30- to 40-mile range
              Meet the EN-15194 safety standard

              Verdict

              NAKTO Electric Bicycle is an option we choose for you when muddy roads and rainy weather are the two common things you have to face with.

              Best for Off-Road Riding: Speedrid 26 Electric Bike

              Speedrid 26 Electric Bike
              Speedrid 26 Electric Bike
              8.4Good
              Pros
              • Offer good control and versatility - three riding modes, 21-speed pro transmission system, and mechanical dual disc brakes
              • Comfortable - adjustable handlebar angle and stem length
              Cons
              • Quite heavy

              For off-road riding, the Speedrid 26 is the fastest and cheapest option that we can find.

              It’s priced around $620 but can reach up to the 30-mile range and a top speed of 17MPH.

              Besides, it gives you three riding modes and a 21-speed pro transmission system along with mechanical dual disc brakes. Adding a burst of speed with its throttle and you’ll be able to pull away from heavy traffic lights like a breeze.

              While allowing you to conquer any terrain available with freedom and highest satisfaction, the e-bike also keeps you the most comfortable by providing an adjustable handlebar angle and stem length.

              Speedrid 26 Electric Bike Specifications

              Weight

              24kg/53lbs

              Tire Size

              26 inches

              Weight Capacity

              150kg/330lbs

              Maximum Speed

              15-17mph

              Highlight Features

              Three riding modes, 21-speed pro transmission system, and mechanical dual disc brakes
              Adjustable handlebar angle and stem length

              Verdict

              If you’re finding the fastest and most inexpensive e-bike for off-road riding, the Speedrid 26 is worth a try.

              Best for City Driving: NAKTO 26" 250W Cargo Electric Bicycle

              NAKTO 26
              NAKTO 26" 250W Cargo Electric Bicycle
              8.6Great
              Pros
              • Great workmanship & durable - high-strength carbon steel front fork with high-end shock absorption, and carbon steel frame
              • Safe for night riding - taillight design and high-brightness night light
              Cons
              • The kickstand could be better
              • Spokes on wheels are loose

              While most German-designed e-bikes are known for their insanely expensive price ranges, this is a sweet exception.

              It is priced around $650 with no compromise of the signature sophisticated workmanship of German products, easily found through the high-strength carbon steel front fork with high-end shock absorption, and carbon steel frame.

              Featuring a 36V10AH Removable Water-Proof Lithium battery and 250W AOMO Brushless High-speed Waterproof Motor, no strange when this model can offer 40 miles of riding distance and 25MPH max speed.

              It also has taillight design and high-brightness night light for safer night riding, especially in city streets.

              NAKTO 26" 250W Cargo Electric Bicycle Specifications

              Weight

              57Lbs/60Lbs(with battery)

              Tire Size

              26”

              Weight Capacity

              250Lbs

              Maximum Speed

              25MPH

              Highlight Features

              High-strength carbon steel front fork with high-end shock absorption, and carbon steel frame
              Taillight design and high-brightness night light

              Verdict

              For those who are looking for a budget-friendly yet fast electric bike for city riding, the NAKTO 26" is a good fit.

              Best for Night Riding: emdaot 26" Electric Mountain Bike

              emdaot 26
              emdaot 26" Electric Mountain Bike
              8.8Great
              Pros
              • Ultra-safe for night rides - bright LED headlamp & horn
              • Provide greater terrain adaptability, further range variation, and hill-climbing power - 21-speed gear and dual mechanical disc brakes
              • Offer good grips, adjustments and comfort - anti-slip and wear-resistant tires, ergonomic RST and handlebars, and adjustable seat
              • Less drag when riding at high speeds - aluminum alloy double-walled rims
              Cons
              • Heavy

              Not only bright LED headlamp but the emdaot 26" is also equipped with a horn, making it the safest option for night rides.

              Regardless, it’s a fast and cheap e-bike for any tight-budget people who want to get greater terrain adaptability, further range variation, and hill-climbing power. That’s a big thank you to the 21-speed gear and dual mechanical disc brakes.

              The anti-slip and wear-resistant tires, ergonomic RST and handlebars, and adjustable seats, on the other hand, take a good role in making the electric bicycle more versatile and reliable.

              To keep your ride faster with less drag, it is also added with aluminum alloy double-walled rims.

              emdaot 26" Electric Mountain Bike Specifications

              Weight

              20kg/44 pounds

              Tire Size

              26"

              Weight Capacity

              150kg/330 pounds

              Maximum Speed

              15mph

              Highlight Features

              Bright LED headlamp & horn
              21-speed gear and dual mechanical disc brakes
              Anti-slip and wear-resistant tires, ergonomic RST and handlebars, and adjustable seat
              Aluminum alloy double-walled rims

              Verdict

              Overall, with the practical added features, we really enjoy using this electric bike for night riding.

              Most Powerful: ANCHEER Electric Bike Ebike

              ANCHEER Electric Bike Ebike
              ANCHEER Electric Bike Ebike
              9Outstanding
              Pros
              • Powerful – feature a 350W high-speed brushless motor and large capacity 10 Ah lithium-ion battery
              • Responsive drivetrain during long-term rides - Shimano 6-speed shifter and derailleurs
              Cons
              • Wish there were more color options

              Constructed with a 350W high-speed brushless motor and large capacity 10 AH lithium-ion battery, it’s undoubted when ANCHEER Electric Bike Ebike becomes the most powerful yet affordable option in this list.

              It can reach 18.5MPH maximum speed, supporting up to 32 miles on a full charge (taking around 2-4 hours to get full).

              To make sure your drivetrain is responsive for long-term rides, it is enhanced with smooth shifting and accuracy by featuring Shimano 6-speed shifter and derailleurs.

              For souped-up safety and controllability during short braking distance, there also comes with dual mechanical disc brakes.

              ANCHEER Electric Bike Ebike Specifications

              Weight

              About 42lbs

              Tire Size

              20”

              Weight Capacity

              220lbs

              Maximum Speed

              18.5 mph

              Highlight Features

              A 350W high-speed brushless motor and large capacity 10 AH lithium-ion battery
              Shimano 6-speed shifter and derailleurs

              Verdict

              The ANCHEER Electric Bike Ebike is a potential contender for the most powerful option that comes at a low price.

              How To Choose The Fastest Cheapest Electric Bike?

              Type of Pedal Power

              There are two types of pedal power, motion sensor, and power sensor. However, as the power sensor type is more expensive, you may want to save some cost and opt for the motion sensor.

              Using this type of pedal means the motor will start operating after 2-3 pedal rotations.

              Hub Motor

              The hub motor is a part that determines how powerful your electric-bike is in terms of speed.

              It’s integrated into either the front or rear wheel. An average 350W motor can offer a speed of 16 mph. If you opt for larger motor power, you will be able to travel faster, a 750W motor can let you ride at 32 mph.

              Battery Range and Integration

              For most cheap electric bikes, the battery can provide a range of 50 miles max, but the average range is around 30 to 35 miles. When shopping for a cheap electric bike, remember to check this spec and get the longest range possible.

              In terms of battery integration, most electric bikes at lower prices don’t try to hide batteries with most of them placed behind the seat tube.

              Cheaper Components

              To make an electric bike cheaper, manufacturers will look to reduce the cost of each component, but this doesn’t necessarily mean a cheap electric bike is low-quality.

              In fact, manufacturers consider where they can use lower-priced components without sacrificing the performance and quality while focusing the money on the most important parts such as the tires, e-system, and hydraulic disc brakes.

              When choosing an electric bike, you can lower the cost by looking at its components and opt for cheaper, quality ones.

              Which Brands Make The Fastest Cheapest Electric Bike?

              Swagtron

              This brand has earned a reputation for its innovation capabilities, making it the leading brand in the electric bike market. It’s best known for delivering great value in product development and design.

              ANCHEER

              Despite being young in the business, this brand offers the highest quality products that not only make your life easier but also care about your health and fitness. Besides, with its aim at efficiency, this is one of the best brands to buy good e-bikes at an affordable price.

              FAQs

              How much is the cheapest electric bike?

              A cheap electric bike can cost around $1,000, but it can go down to just $400 if you choose to leave out some optional gears.

              How fast is a 1000w e-bike?

              A 1000W e-bike can go really fast, about 40 mph.

              What are the disadvantages of fast electric bikes?

              Here are some disadvantages you may find in a fast electric bike:

              • Overpriced

              • Shorter battery life

              • Shorter riding range

              • Risk of accidents if you ride too fast

              Do electric bikes charge as you pedal?

              Yes, they do. But that depends on the type of e-bike and its electric system. When you charge an e-bike while pedaling, it’s called regenerative pedaling. This feature often comes with premium e-bikes.

              Are electric bikes worth buying?

              Yes, they are.

              • They can carry heavy loads and handle steep up and down roads, they don’t require as much effort as traditional bikes.

              • They are fast and flexible.

              • They also help improve fitness.

              • They reduce expenses compared with motor vehicles.

              • They are more environment-friendly.

              Conclusion

              We have reached the end of this post, and by now, we hope that it has helped you figure out what to look for in the fastest & cheapest electric bike. Once you know what you want, finding the right product from countless options out there will be a much easier job to do.


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