A new bill proposes a refundable import credit of up to $ 1,500 for the purchase of a new e-bike. Jimmy Panetta (D-Calif.) And Earl Blumenauer (D-Ore.), Members of Congress presented a proposal to the United States House of Representatives
by law called “The Electric Bicycle Incentive Kickstart for the Environment (E-BIKE) Act” which supports the use of e-bikes as a zero-carbon mode of transport and which recommends e-bikes because they are cheaper and more accessible . “E-bikes are not just a fad for a select few; but they are a legitimate and practical form of transportation that can help reduce our carbon emissions, ”Panetta said.
“My legislation will make it easier for more people of all socio-economic levels to own e-bikes and help reduce our carbon production. By incentivising the use of electric bicycles to replace car travel through a consumer tax credit, we are not only encouraging more Americans to switch to greener modes of transport, but we are also helping fight the climate crisis. “
If approved, the bill would offer individual consumers a 30% refundable tax credit, up to $ 1,500. The credit is only applicable on purchases of a new e-bike that costs less than $ 8,000. The credit would be granted once per individual every three years, or twice for a couple who buys two. The bill also requires an IRS report after two years to understand the distribution of the credit by income tax bracket and adjust the equity in the future. The credit is fully repayable, allowing low-income workers to apply for the credit. (ICE LOS ANGELES)
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