The Senate’s E-BIKE Act could make electric bikes a lot cheaper

Much like the House bill, Schatz and Markey’s legislation would offer Americans a refundable tax credit worth 30 percent of a new e-bike’s purchase price, capped at $1,500. All three e-bike classes would be eligible for the tax credit, but bikes with motors more powerful than 750W would not. The credit would also be fully refundable, which would allow lower-income individuals to claim it.

By Andrew J. Hawkins