AngeloMar 23, 2023
David Zipper

NEW: 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)

More info:
https://panetta.house.gov/media/press-releases/reps-panetta-blumenauer-thompson-and-schiff-reintroduce-e-bike-act

#ebikes #congress

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.

Congressman Jimmy Panetta
Mar 21, 2023 at 5:20pmWeb
Show threadDaniel BrotherstonMar 21, 2023

@davidzipper I mean...this is great....

But also DOA right? Like, the house isn't going to pass this...

Show threadRebecca FalkMar 21, 2023
@davidzipper
I wish this were a rebate, not a tax credit. Rebates help those who don't earn enough to benefit from a tax credit but who still can manage to buy an e-bike.
Show threadMike E. SchmeeMar 21, 2023
@davidzipper cc @elset assuming you’re gonna get another.
Show threadDavid ColburnMar 21, 2023
@davidzipper So darn complicated, though. We should just be giving affordable e-bikes out like candy to anyone who's eager to ride one, regardless of income.
Show threadenmodo ⚛️ 🧬 🇺🇦 🍉Mar 22, 2023

@davidzipper such programs are so easily abused - as we saw with all the COVID handouts for business where 50% of all the money was fraudulently claimed. If it ever passed (it won't) you know everyone would be buying up bikes and then selling them for a profit.

At least make this for US made bikes only so you can also sell it as pro-American business - more chance of passing the bill that way. And find a way spread the money over a year or two if you still own it. I don't know how though.

Show threadOlavMar 22, 2023
@davidzipper
@donmelton I assume this is like the car tax credit (vs rebates) where if you don't have any tax liability you don't actually save money? Tax credits typically don't go negative.