A children's ride-on vehicle. The ride-on vehicle includes a frame adapted to support a child, and a drive assembly with a battery-powered motor assembly. The ride-on vehicle further includes one or more steerable wheels and one or more driven wheels. In some embodiments, the ride-on resembles a full-size motorcycle. In some embodiments, the ride-on vehicle includes a free-floating wheel, which is unbiased and travels within a defined range of positions with respect to the ride-on vehicle's frame as external forces are imparted to the wheel. In some embodiments, the ride-on includes a high-speed switch positioned for momentary high-speed travel of the ride-on vehicle and a user-manipulable portion may be provided to enable a child to select such a high-speed configuration. In some embodiments, the ride-on vehicle includes a simulated shock absorber and/or a passenger sidecar. Finally, in some embodiments, the ride-on may include wheel assemblies that simulate inflatable wheels.