Yes, there are less expensive ebikes on the market but most come with a few serious caveats. The Espin Sport delivers on the full promise of an electric bike, but in a more affordable fashion. This bike isn’t going to tow you around for a 60-mile round-trip endeavor but those seeking their first ebike will get plenty of return on their investment with this model.
The federal Consumer Product Safety Act defines a "low speed electric bicycle" as a two or three wheeled vehicle with fully operable pedals, a top speed when powered solely by the motor under 20 mph (32 km/h) and an electric motor that produces less than 750 W (1.01 hp). The Act authorizes the Consumer Product Safety Commission to protect people who ride low-speed electric vehicles by issuing necessary safety regulations. The rules for e-bikes on public roads, sidewalks, and pathways are under state jurisdiction, and vary.