David ZipperNEW: The federal e-bike bill is back!
A bill introduced Tuesday would offer Americans up to $1,500 off a new e-bike. The basics:
→ E-bikes, e-cargo bikes, and e-trikes are eligible
→ Bike price capped at $8,000
→ Max credit of $1,500 or 30% of purchase price
→ Income cap of $150k for singles or $300k for joint filers
→ Eligible e-bikes must be certified for safety (a nod toward fire risk from cheap, imported models)
Reps. Panetta, Blumenauer, Thompson, and Schiff Reintroduce E-BIKE Act
Monterey, CA – Today, 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.
David Colburn