Rugged Range Supported Policies
The E-BIKE Act creates a consumer tax credit that:
- Covers 30% of the cost of the electric bicycle, up to a $1,500 credit
- Applies to new electric bicycles that cost less than $8,000
- Is fully refundable, allowing lower-income workers to claim the credit
Congressman Jimmy Panetta (D-Carmel Valley) and Congressional Bike Caucus Chairman Earl Blumenauer (OR-03) introduced the Electric Bicycle Incentive Kickstart for the Environment (E-BIKE) Act to encourage the use of electric bicycles, or e-bikes, through a consumer tax credit. Due to the distance, speed, and ease by which they can travel, e-bikes will help replace vehicle trips and commutes and reduce carbon emissions.
A recent study found that if 15 percent of car trips were made by e-bike, carbon emissions would drop by 12 percent. 46% percent of e-bike commute trips replaced automobile commute trips according to a recent North American survey, and a more thorough review of European studies showed that e-bike trips replaced car trips 47% to 76% of the time.