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
Pilot Project Offers E-Bike Rebates in New York State
The program will start in the Village of Ossining with plans to expand in the greater Hudson River region.
California E-Bike Rebate Demand Far Exceeds Supply
The queue to apply for California’s new e-bike incentive program, which only offered 1,500 vouchers, reached 100,000 people.
Denver Taking New Applications for Wildly Popular E-Bike Rebate Program
Residents are taking advantage of the city’s rebate program, which offers discounts of up to $1,200 on e-bikes for low-income residents.
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The plan would reduce visitor accommodation by 25% resulting in 1,900 jobs lost.
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