Lectric took the e-bike world by storm with their first XP model back in 2019 and they've been steadily improving the product line ever since! The XP 3.0 is the latest and greatest version with upgrades that include a quieter and more powerful motor, hydraulic brakes, and more, with an amazingly low price point of $999 USD. You still get the usual rack, fenders, and lighting system, and yes, it still folds down for easier storage and transportation.
I was already impressed with how cheap the original Lectric was at $879, and that was way back in 2019 dollars. Now you can get an XP Lite for only $749 in 2023 bucks! Lectric even includes fenders, a rear rack, and a set of pannier bags at that price. Plus a comfortable saddle, integrated lights, and all on their award-winning folding platform. So what do you lose if you get this instead of the standard XP? Well, the Lite is more compact and lightweight, which translates to "not as comfortable to ride" for most people. The motor is not as powerful, only capable of 20mph and you get a bit less range due to the smaller battery. The Lite is also rocking a single-speed drivetrain, which is efficient and requires less maintenance, but is a lot less fun when faced with a steep incline.