Electric bicycle tax credit makes progress in Congress but gets slashed from 30% to 15%
September 16, 2021
A 30% tax credit for electric bicycle purchases in the US has been slowly working its way through the gauntlet of Congress. The latest update to the proposed legislation shows much anticipated progress but also reduces the potential size of the incentive.
The tax credit for e-bikes first appeared as part of the E-BIKE Act proposed earlier this year.
The bill was first introduced in the US House…