The Senate’s E-BIKE Act might make electrical bikes rather a lot cheaper


E-bikes popularity grows

A invoice that will supply People a refundable tax credit score on the acquisition of a brand new electrical bicycle was simply launched within the Senate by Ed Markey (D-MA) and Brian Schatz (D-HI). The invoice is named the Electrical Bicycle Incentive Kickstart for the Atmosphere, or E-BIKE Act for brief, and it’s the companion invoice to 1 launched within the Home of Representatives earlier this yr.

E-bikes are dearer than regular bikes, sometimes costing anyplace from $1,000 to $8,000 for a few of the extra high-end fashions. However in addition they have the potential to switch automotive journeys for lots of people, with a latest examine discovering that if 15 p.c of automotive journeys have been made by e-bike, carbon emissions would drop by 12 p.c.

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