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The U.S E-BIKE Act -Provide Tax Breaks for E-bike Purchases

With the aims of protecting the environment and promoting green transport, the United States has launched a proposed bill called The Bicycle Incentive Kickstart for the Environment, or E-BIKE Act for short. This Act was introduced to Congress on Feb.11th,2021 and it was proposed by senates Ed Markey(D-MA) and Brian Schatz(D-HI) to public more financial incentives to encourage people to buy electric bikes so that in the long run, the emission of carbon dioxide will be dramatically reduced. The content of this bill is that it would offer a refundable tax rebate which is 30% of the purchase price of an e-bike to customers. The refundable money is capped at $1,500. And almost all kinds of electric bicycles that have two-wheels, pedals, an electric motor, and a seat can be eligible for this e-bike tax credit, except the e-bikes with motors more than 750 watts because based on the professional statistics, an e-bike with this motor power would be too sporty so it wouldn't be suitable for common people to use in daily life. What's more, everyone can claim the electric bike tax credit every three years. The core of this bike news is concerned with accessibility. More people can ride e-bikes than just those who can afford them. Therefore, many people have a chance to use greener transportation.

 

As we all know, electrical bikes are more expensive than traditional bicycles. It usually costs from $800 to $8,000 and the price of some customized models can reach a higher level over $10,000. But with the establishment of The E-BIKE Act, the price of e-bikes will become more affordable for many people, typically for the ones who don't have money to buy a car. Thanks to this new e-bike law, there will be lots of cheap electric bikes launched to the market and this kind of bike will probably become the first choice for many people to go outside. "The bill makes a clean alternative more accessible to more people," Schatz said," E-bikes make lots of sense for working people and others who either can't afford or don't want a car." Moreover, there is a study finding that if e-bikes can take place of 15% of the car trip, the emissions of carbon dioxide can decrease by 12%, which will greatly improve our living environment and relieve the stress of serious traffic jams. Without a doubt, there are enormous advantages for us to ride an electric bike. However, some people may worry about the physical infrastructure, such as e-bike lanes, charging places, maintenance sites, and so on. For solving these problems, congressman Schatz promised that there will be $20 billion in President Biden's infrastructure proposal for safe street improvements, including the pavement of lanes for electric bikes. As a result, a complete infrastructure system will be established in the cities and the riders of e-bikes can have a safe and comfortable environment to take their bicycles.

 

"E-bikes are not just a fad for a select few, they are a legitimate and practical form of transportation that can help fight the climate crisis." said congressman Jimmy Panetta. So if you are interested in buying new e-bikes, let me introduce some products with high quality but low price to you. Firstly, if you want to buy an electrical cruiser bike, you should consider Heybike Cityscape E-bike. It only costs about $849 which is lower than the price of other brands. Although its price is cheap, it provides a high-level service, best-qualified product and it is eligible to acclaim the e-bike tax credit. For example, Heybike provides a two-year warranty, money-back guarantees, and 24 hours online support for their customers. Secondly, when you consider purchasing an electrical bike to ride on the city road, perhaps Heybike Race Electric Urban Bike is your perfect choice. The cost of bike is only $799 which is almost the cheapest electric bicycle on market. Thirdly, when you want to buy a folding fat tire e-bike, you shouldn't miss the fat tire bike of Heybike. It can not only be folded but also it can be ridden for all-terrain. However, its price is less than $1,000, which has appealed to many customers to buy. And if you want to find out more information, please visit https://www.heybike.com/.

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