Just like EVs, electric bicycles could come with tax credits to lower prices
The “Electric Bicycle Incentive Kickstart for the Environment” — or E-BIKE — Act was introduced in the U.S. Senate last month. A companion bill, also called the E-BIKE Act, was brought to the U.S. House of Representatives back in February.
They share the same goal: Get more people on electric bikes and out of cars.
To make that more likely, both pieces of legislation propose offering a tax credit worth up to 30 percent off (with a $1,500 cap) different types of e-bikes that can run as high as $8,000.
San Mateo County’s Peninsula Clean Energy rebate already offers up to $800 in discounts. Other counties also offer up to $1,000 for e-bike purchases, among other smaller discounts. Some incentive programs factor in income level to determine if you qualify for discounts or credits.
Read more here: Just like EVs, electric bicycles could come with tax credits to lower prices (mashable.com)