The refundable tax credit would apply to new ebikes under $8,000, which is double the $4,000 cap proposed in president Joe Biden\u2019s scrapped Build Back Better campaign.<\/p>\n
The bill would provide the maximum credit of $1,500 to people with incomes up to $150,000 for a single filer or $300,000 for a joint filer.<\/p>\n
Cycling UK has urged the UK government to follow the USA\u2019s lead, stating subsidies are a cost-effective way to maximise the carbon-reducing potential of ebikes.<\/p>\n
A \u201ccommonsense\u201d bill<\/h2>\n ![\"""\"]( "\\"\"\"\\"\/")
<\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/picture><\/div> The bill is said to incentivise people to use ebikes.<\/span><\/figcaption> Leonardo Munoz \/ Getty Images<\/i><\/span><\/div>\nThe bill was introduced on 21 March by Californian Representatives Jimmy Panetta, Mike Thompson and Adam Schiff, as well as Congressional Bike Caucus Chairman Earl Blumenauer, to encourage the use of ebikes.<\/p>\n
Panetta described the bill as a \u201ccommonsense way to encourage the ownership of e-bikes\u201d.<\/p>\n
\u201cBy incentivizing Americans to own and use e-bikes, we are allowing them the chance to help improve the quality of life in our communities and tackle the climate crisis in our country,\u201d Panetta said in a statement published on his website<\/a>.<\/p>\nBlumenauer, who championed the original ebike credit, says he is excited by the ebike bill because it helps tackle the high cost of ebikes, which can discourage consumers.<\/p>\n
\u201cCycling is the most efficient form of human transportation ever devised. By burning calories instead of fossil fuels, we can make our communities healthier and more liveable,\u201d said Blumenauer.<\/p>\n
\n\n\n\n\n\n\n\n\n\n\nSenator Brian Schatz, chairman of the Senate Appropriations Subcommittee on Transportation, Housing and Urban Development, says transitioning to clean energy economies requires us to change how we travel.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\u201cThat means transit, rail, and electric buses, cars, and bikes. Our bill will make it more affordable for working people to buy an e-bike and help get cars off the road,\u201d said Schatz.<\/p>\n
A stronger case?<\/h2>\n ![\"""\"]( "\\"\"\"\\"\/")
<\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/picture><\/div> An ebike rebate scheme in Denver is said to have cut 2,040 metric tons of carbon dioxide in 2022.<\/span><\/figcaption> RJ Sangosti \/ Getty Images<\/i><\/span><\/div>\nA tax credit for ebikes was originally part of Biden\u2019s Build Back Better act, which included measures related to climate change, family aid and Medicare.<\/p>\n
The act failed to win support, stalling the ebike tax credit plan.<\/p>\n
A reworked version of the Build Back Better Act did not include the ebike tax credit, despite including subsidies for technologies such as wind turbines, solar panels and electric cars.<\/p>\n
Panetta\u2019s statement is intended to build a stronger case for an ebike tax credit. It points to the success of an ebike rebate scheme in Denver, Colorado, which offered residents $400 off an ebike or $900 off an e-cargo bike<\/a>.<\/p>\nThe scheme saw 4,700 ebike rebates issued, with close to half going to low-income households, according to the statement.<\/p>\n
In a survey of residents, 71 per cent of those who rode an ebike said it helped them cut down their car usage.<\/p>\n
It is said to have cut 2,040 metric tons of carbon dioxide in 2022, according to the Rocky Mountain Institute.<\/p>\n
David Zipper, in Bloomberg\u2019s CityLab, also reported the scheme to have amplified calls for street safety<\/a> as more residents were exposed to the dangers (and joys) of cycling.<\/p>\nThe proposed E-BIKE Act is endorsed by more than a dozen organisations, including PeopleForBikes, the League of American Bicyclists, the Sierra Club and the Outdoor Industry Association.<\/p>\n
UK governments urged to follow lead<\/h2>\n
There are currently no subsidies specifically for ebikes<\/a> in the UK, although the cost of a new ebike can be subsidised through the Cycle to Work scheme<\/a>.<\/p>\n
![\"""\"](\""https:\/\/images.immediate.co.uk\/production\/volatile\/sites\/21\/2023\/03\/GettyImages-1468351269-9d3b7d3.jpg?quality=90&resize=620%2C413"\" "\\"\"\"\\"\/")
<\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/picture><\/div>The bill was introduced on 21 March by Californian Representatives Jimmy Panetta, Mike Thompson and Adam Schiff, as well as Congressional Bike Caucus Chairman Earl Blumenauer, to encourage the use of ebikes.<\/p>\n
Panetta described the bill as a \u201ccommonsense way to encourage the ownership of e-bikes\u201d.<\/p>\n
\u201cBy incentivizing Americans to own and use e-bikes, we are allowing them the chance to help improve the quality of life in our communities and tackle the climate crisis in our country,\u201d Panetta said in a statement published on his website<\/a>.<\/p>\n Blumenauer, who championed the original ebike credit, says he is excited by the ebike bill because it helps tackle the high cost of ebikes, which can discourage consumers.<\/p>\n \u201cCycling is the most efficient form of human transportation ever devised. By burning calories instead of fossil fuels, we can make our communities healthier and more liveable,\u201d said Blumenauer.<\/p>\n \u201cThat means transit, rail, and electric buses, cars, and bikes. Our bill will make it more affordable for working people to buy an e-bike and help get cars off the road,\u201d said Schatz.<\/p>\n A tax credit for ebikes was originally part of Biden\u2019s Build Back Better act, which included measures related to climate change, family aid and Medicare.<\/p>\n The act failed to win support, stalling the ebike tax credit plan.<\/p>\n A reworked version of the Build Back Better Act did not include the ebike tax credit, despite including subsidies for technologies such as wind turbines, solar panels and electric cars.<\/p>\n Panetta\u2019s statement is intended to build a stronger case for an ebike tax credit. It points to the success of an ebike rebate scheme in Denver, Colorado, which offered residents $400 off an ebike or $900 off an e-cargo bike<\/a>.<\/p>\n The scheme saw 4,700 ebike rebates issued, with close to half going to low-income households, according to the statement.<\/p>\n In a survey of residents, 71 per cent of those who rode an ebike said it helped them cut down their car usage.<\/p>\n It is said to have cut 2,040 metric tons of carbon dioxide in 2022, according to the Rocky Mountain Institute.<\/p>\n David Zipper, in Bloomberg\u2019s CityLab, also reported the scheme to have amplified calls for street safety<\/a> as more residents were exposed to the dangers (and joys) of cycling.<\/p>\n The proposed E-BIKE Act is endorsed by more than a dozen organisations, including PeopleForBikes, the League of American Bicyclists, the Sierra Club and the Outdoor Industry Association.<\/p>\n There are currently no subsidies specifically for ebikes<\/a> in the UK, although the cost of a new ebike can be subsidised through the Cycle to Work scheme<\/a>.<\/p>\nA stronger case?<\/h2>\n
![\"""\"](\""https:\/\/images.immediate.co.uk\/production\/volatile\/sites\/21\/2023\/03\/GettyImages-1434182527-8588316-e1679499450488.jpg?quality=90&resize=620%2C413"\" "\\"\"\"\\"\/")
<\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/source><\/picture><\/div>UK governments urged to follow lead<\/h2>\n