Proposed US tax credit for electric bikes back up to 30%, capped at $1,500 incentive
October 29, 2021
After being cut in half, a proposed US tax credit for new electric bicycle purchases has been bumped back up to a full 30%.
The move comes as electric bicycles sales continue to grow, making the alternative form of transportation an increasingly popular option as a car replacement.
That led several members of the US Congress to propose a tax credit earlier this year to help reduce the cost of…