Democrats want to make electric bikes much cheaper by giving you up to $1,500 to buy one
Democratic lawmakers introduced a bill last week that would give Americans up to $1,500 off the purchase of an electric bicycle. The legislation, the Electric Bicycle Incentive Kickstart for the Environment Act, is a new version of a 2021 bill with the same name and offers a more generous tax credit to more Americans for a broader range of bikes.
The previous version of the bill limited the rebate to bikes that cost under $4,000 and only those who earn under $75,000 a year were eligible. The Senate cut this legislation out of, which was introduced in both the House and Senate on March 21, is backed by a much larger set of environmental groups, and is sponsored by more lawmakers. Reps. Jimmy Panetta, Mike Thompson, and Adam Schiff of California, Earl Blumenauer of Oregon, and Sen. Brian Schatz of Hawaii introduced the bill.
While this year's bill has more support both in and outside the halls of the Capitol, it will need Republican backing to pass the House, and it remains to be seen whether that will materialize. "It'd be great for bikes to get similar consideration because they really can replace car trips and be that form of transportation for people at a lower price point and with less impact on the environment than electric cars," Ken McLeod, policy director for the League of American Bicyclists, told Insider.
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