E-BIKE Act
Last action on Jul 21, 2021Read twice and referred to the Committee on Finance.
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Summary
The Electric Bicycle Incentive Kickstart for the Environment (E-BIKE) Act would create a refundable federal tax credit for individuals who purchase a new electric bicycle. Under this proposal, consumers could receive a credit covering 30% of the cost of a qualified e-bike, up to a maximum benefit of $1,500. The credit is designed to make electric bicycles more affordable for daily commuting and transportation, though it features income limitations and price caps on eligible bicycles to target the incentive toward middle- and lower-income earners.
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