Thursday, March 23, 2023

eBike Rebates


Let's get more people on bicycles:

The recently introduced E-BIKE (Electric Bicycle Incentive Kickstart for the Environment) Act would create a tax rebate for people buying electric bikes similar to the tax incentive for buying an electric car.

Caron Whitaker, League of American Bicyclists

By making e-bikes more financially accessible to more people, the E-BIKE Act would help replace car trips with bike trips and get more people in our communities to see the benefits of bicycling.

Studies of e-bike usage show that they are car-replacing, greenhouse gas emission-reducing, congestion-improving, and health-boosting. With the E-BIKE Act, Congress would be providing incentives for electrifying transportation to the most efficient form of transportation ever - the bicycle - not just cars.

Join us in supporting this legislation by contacting your representatives in Congress today.
Ask your representatives in Congress to support rebates for electric bicycles
The E-BIKE Act creates a tax credit that:
  • Accounts for the purchase of one e-bike for single filers, or two for joint filers
  • Provides a rebate for 30% of the cost of a new electric bicycle, up to a $1,500 credit. 
  • Allows lower-income workers to claim the credit. Individuals without tax liability can still receive the tax rebate.
  • Includes an income limitation of $150,000 for a single filer, $225,000 for head of household, and $300,000 for joint filers. This is $75,000 lower than the income limitation on electric car rebates.
  • Includes language that limits eligible e-bikes to ones with tested battery systems and which meet one of the Three Class Definitions for e-bikes used by most states. 
  • Prevents fraud by requiring manufacturers to provide a VIN that retailers report to the IRS upon sale. 
Let's get more people on bikes — show support for the E-BIKE Act!

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.