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Good News! Get up to $1500 Subsidies on an e-Bike Purchase!


On the morning of November 19, the U.S. House of Representatives passed President Biden’s Build Back Better Act. One of the highlights is the high subsidies for the electric vehicle industry:

  • Officials view tax incentives of up to $12,500 (risen from the original $7,500) per vehicle in the new bill as a much-needed second step to spur the adoption of electric vehicles.
  • The subsidy also includes the purchase of two-wheeled and three-wheeled electric vehicles (electric motorcycles): citizens who purchase electric two-wheeled vehicles can enjoy a refundable tax credit equivalent to 30% of the vehicle’s price.
  • The upper limit of the discount for electric bicycles is $1,500, and the upper limit for electric motorcycles is $7,500. It is the first time that the subsidy of e-bikes is up to as high as 30%.
  • The bill will also provide pre-tax commuting allowances for people commuting on electric bicycles or shared bicycles. According to the proposal, the amount of electric bicycle commuting allowance will be 30% of the parking allowance, which is equivalent to $81 per month and approximately $1,000 per year.

(*Eligible for electric bicycle subsidies: electric bicycles priced below $8,000.)

After hearing such great news, is it more attractive to buy an electric bicycle? E-bikes are not just a fad for a select few, they are a legitimate and practical form of transportation that can help reduce our carbon emissions. So riding an e-bike is more like choosing a green, cheap and fancy lifestyle.

Raddy always keeps up with the trend and has found the best e-bikes for those who are ready to go. eRide Metro for commuter and eTrail Terra for off-road, click here to know more.

Reference:

The White House: https://www.whitehouse.gov/build-back-better/

The Build Back Better Act: https://rules.house.gov/sites/democrats.rules.house.gov/files/BILLS-117HR5376RH-RCP117-18.pdf