US Congressman proposes E-BIKE Act to create 30% tax credit for e-bike purchases Leave a comment

Earlier this week, the Electric Bicycle Incentive Kickstart for the Environment (E-BIKE) Act was introduced to the US Congress by Congressman Jimmy Panetta and Congressional Bike Caucus Chairman Earl Blumenauer. The Act, according to Congressman Panetta’s public press release, would create a 30 per cent consumer tax credit for anyone purchasing an electric bike — with overall cost capped at $8,000 — in a bid to make zero-emissions travel more affordable and accessible.

The E-BIKE Act tax incentive covers 30 per cent of the e-bike’s cost, up to the value of $1,500, and would either offset the purchaser’s taxes owed or be added to their tax refund for the year in which it was purchased. 

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