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.
E-bikes mostly use motors and battery options from a few major suppliers: Bosch, Yamaha, Shimano, and Brose. A few other brands exist, but are less reliable or powerful. Some, like the Yamaha system, have more torque and others are quieter. But generally all four make good options. Look for motor output (in watts) which will give you an idea of total power. But watt hours (Wh) is perhaps a better figure to use—it takes into account battery output and life to give a truer reflection of power.