Best Electric Bikes Under $1,000

Lectric caught lightning in a bottle with the XP. This compact folding bike took off and became the number one selling e-bike in North America, with over 400,000 riders and counting. Its secret? Packing in more performance and features at the $999 mark than anyone thought possible.

Now in its fourth iteration, the Lectric XP 4 takes things even further in terms of design, functionality, and fun—while still holding the line at that same budget-friendly price. It’s easily one of the best values in the e-bike world today.

The XP 4’s 500W motor delivers impressive punch, and its 10.4Ah battery provides solid real-world range. Riders get a comfortable, upright ride thanks to relaxed geometry, upgraded touch points, and an easy-to-navigate color display.

It’s also a folding bike that doesn’t feel flimsy. The frame packs down small enough to fit in most car trunks, but still feels planted and stable at speed. That confidence is boosted by an intuitive torque sensor and an 8-speed Shimano drivetrain that makes hitting top-end Class 3 speeds doable, but you can push softer for a more mellow and slow ride too.

Versatility is another standout trait. The 150-lb capacity rear rack supports a wide range of use cases, from carrying another adult (with passenger package add-ons), to mounting a Yepp child seat, or even outfitting it with cargo accessories like fishing rod holders or insulated food delivery bags.

And if you want even more power and range, for a few hundred dollars more, Lectric offers an upgraded XP 4 model with a 750W motor and a massive 17.5Ah battery—one of the largest we’ve ever seen in a folding frame.

Oh, and did we mention it set new benchmarks in our hill and brake tests? The XP 4 didn’t just catch on—it earned its place as a best-seller for all the right reasons.

XP 500: Read Full Review | Watch Our Video Review

XP 750: Read Full Review | Watch Our Video Review