The bill, part of an effort to encourage active transportation for short trips and take cars off U.S. roads, would cover 30 percent of the cost of an electric bike.
“U.S. Representatives Jimmy Panetta (CA-19), Congressional Bike Caucus Chairman Earl Blumenauer (OR-03), Mike Thompson (CA-04), and Adam Schiff (CA-30) reintroduced the Electric Bicycle Incentive Kickstart for the Environment (E-BIKE) Act to encourage the use of electric bicycles, or e-bikes, through a consumer tax credit,” announces a press release from Rep. Panetta’s office.
The tax credit would cover 30 percent of the cost of an e-bike up to $1,500 and be fully refundable. According to Rep. Panetta, “With its fully refundable tax incentives for those in the lower economic levels, the E-BIKE Act is a commonsense way to encourage the ownership of e-bikes. By incentivizing Americans to own and use e-bikes, we are allowing them the chance to help improve the quality of life in our communities and tackle the climate crisis in our country.”
In lieu of a federal credit, Denver, Colorado launched its own wildly popular e-bike rebate program in 2022. “The program was estimated to have cut 2,040 metric tons of carbon dioxide in 2022 and saved nearly $1 million in avoided fuel and electricity costs, according to the Rocky Mountain Institute.”
FULL STORY: Reps. Panetta, Blumenauer, Thompson, and Schiff Reintroduce E-BIKE Act
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