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E-BIKE Act Would Provide Tax Break on Electric Bike Purchases

Testing the REI Co-op CTY e2.1 e-bike along the Charles River Esplanade in Boston.

Electric bikes, or “E-bikes” as they are commonly called, are growing in popularity, and not just due to high gas prices. E-bikes let more people commute to work, run errands, or enjoy the outdoors without the expense or emissions of a gas-powered car. The environmental benefits are high, as well. Indeed, it’s estimated that if 15% of today’s carbon-emitting car trips were made by E-bikes, our country’s carbon emissions would be reduced by more than 11%.

The E-BIKE (Electric Bicycle Incentive Kickstart for the Environment) bill introduced in Congress last winter aims to incentivize more people to purchase (and use) E-bikes by creating a 30% tax credit of up to $1,500 on the purchase of new models.

Supporters of the E-BIKE Act can encourage members of Congress to pass the bill via this link.

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