All Ebikes seem priced too high as I see it. Most brands are offering models north of 2k per bike, price mattered to me as I was buying two not one.
In defense of The Electric Bike Company, that is a well made bike, top of the line components and rides well. I don't like the single speed, charger with the battery and the pull out cord for charging, did not seem robust.
And all LiPo battery packs are susceptible to failure. Its a risk- also check temps as they don't blow unless they first get real hot-