If you are considering adding an electric bicycle to your RV travel fleet, there’s potentially good news in the form of a federal tax credit bill.
Legislation to provide a substantial tax incentive for purchasing an electric bike, The Electric Bicycle Incentive Kickstart for the Environment (E-BIKE) Act, has been reintroduced to the U.S. House of Representatives. The measure provides a tax credit of 30 percent on the purchase of a new e-bike, up to $1,500, up from the $800 credit set forth in the original version of the act introduced in 2021. The original bill failed to pass the U.S. House of Representatives before the end of the 117th Congress term.
More expensive e-bikes not eligible for tax credit
Electric bikes costing more than $8,000 would not be eligible for the tax credit. Income limits are also part of the bill—to be eligible for the credit, income must be less than $150,000 for a single filer or less than $300,000 for those filing jointly. Income caps in the earlier measure were $75,000 and $150,000, respectively.
In a statement announcing the reintroduction of the e-bike bill, Rep. Jimmy Panetta (D-CA), a co-sponsor, said: “Many people are looking to get out of their cars and get on to e-bikes not just for recreation, but also for transportation purposes. Although we’re seeing more people on them in our communities, more needs to be done to ensure that everybody across our country has access to an e-bike.”
Caron Whitaker, the deputy executive director of the League of American Bicyclists, blamed “tepid enthusiasm from environmental supporters” for the previous bill’s failure.
Not only is there a chance for a tax credit for e-bikes at the federal level, but some states and even local governments are also implementing tax breaks. Denver has a voucher program to provide $400 off the purchase of an e-bike. That value can increase to as much as $1,200 for low-income residents. There is a $500 bonus for the purchase of an electric cargo bike. California has been working to create a program later this year that has received $10 million in funding.
##RVT1097b
Bought one two years ago. If you want/need something you will find a way.
For some reason the govt handouts are always for something I don’t want or need and even so I never meet the income requirements. I am always between the low and high ranges. Once-in-a-while I think they should hand out something to those of us that pay taxes . Skateboards – the gov’t should hand out skateboards. They do not use oil or lithium or electricity. Maybe they create methane?
Probably depends on what the skateboarder ate before they got on it, and maybe how many bumps they hit. 😆 Take care, Kelly, and don’t fall off your skateboard. 😀 –Diane
Scary – you understand me way too well.
That was an easy one, Kelly. But watch out – I can read minds (sometimes). 😉 –Diane (not a skateboarder)
Good Luck. There isn’t much left up there anymore.
That’ll make it easier to read then, eh? (Got my Canadian thing going on. 😉 ) 😀 –Diane
Dang! That’s how my wife gets better at it year after year.
😆 Now you know, Kelly. You’ll have to start wearing tin foil on your head, or whatever they do. 😆 –Diane
“new comment has been posted by the Carol on the discussion section you’ve been interested in”
Is anyone ever going to fix this?
Hi, Chris. I think in the little box in the upper left of the comment section, where it says, “Subscribe to comments,” you just need to unselect it. I hope that works. If not, let us know. Have a great day. 😀 –Diane at RVtravel.com
I’m referring to what I mentioned weeks ago.. getting rid of the ‘the’.
Oh. Sorry, Chris. I see it now. I don’t remember hearing about that issue before. It’s probably built into the program, but I’ll check with someone who knows much more about that stuff than I do and let you know. 😀 –Diane
Thanks. As a former programmer, I get driven nuts by the little things.
Understandable! Especially when you see it time after time. That would drive me nuts, too! Take care, Chris. 😀 –Diane
Just out of curiosity, Chris, did you mention it previously in a comment or did you write an email? Checking my memory, because I review all of the comments but don’t see the emails, and I just don’t remember hearing about this before. Thanks! 😀 –Diane
I’ll check my email.. not sure if it’s even still there. I recall mentioning it at the time the Subscription feature went down.
No problem. Just testing my memory. Don’t worry about it, Chris. Thanks. BTW – Our two IT folks, Kim and Jessica, are looking into taking out the “the”. Have a great day! 😀 –Diane
I found the pic of the Subscription failure I sent, but nothing about the ‘the’. Anyway, thanks a bunch. Should just be simply a piece of text buried deep in code… somewhere.
Thanks, Chris. Hopefully our IT folks can fix it so it’s not so annoying for those of you who pay attention to stuff like that (i.e., errors). 😀 –Diane
You mean “the Kim” and “the Jessica “? Sorry I couldn’t help myself.
Oh, you’re right, Sandi! I missed that. 😆 Have a great day! 😀 –the Diane at RVtravel.com
Maybe congress can go on strike and do us all a favor – stop spending OUR money, aka, tax dollars.
“…there’s potentially good news in the form of a federal tax credit bill.”
Good news if someone believes in government handouts and more debt.
With an obesity epidemic in the US you would think they would be encouraging peddling bikes instead of just riding them. And why does the gov’t need to incur even more debt so people making six figures can buy an ebike???
From the CDC:
“1 in 5 children and more than 1 in 3 adults struggle with obesity. Only 2 in 5 young adults are weight eligible and physically prepared for basic training. Children with obesity are more likely to have obesity as adults. Obesity costs the US healthcare system nearly $173 billion a year.”
At least Mayor Pete can ride his bike all the way to work now instead of having his driver haul his pedal bike 95% of the way on his Gov’t SUV until the they spot the camera crews and then take his bike off the back of the Gov’t SUV for a “Man of The People” photo op.
Hmm, … seems another way to expand the federal debt. Hopefully DW and I will be dead before those chickens come home to roost.
Need help and increased incentive to purchase something, just reach out to your government! Politicians sure do think up a lot of rhetoric when writing a Congressional Bill or creating an Act, listening to lobbyists, moving said proposals to Committee, and then going on Recess only to do it all over again. Wouldn’t it be something if instead of all that the government would hand out hammers, shovels, rakes, trash bags, and put people to work! If someone reaches out for free money they should be handed a tool and told to contribute in a tangible way to and for the good of everyone in the area.
Well said Rosy.
Amen! Look at the marvelous work the CCC did and we are still enjoying it today!
Yes!
Yeah, what they said!
Most people can’t afford e bikes even with the handout. It’s a shame politicians have to give handouts to get votes. Instead of just doing their job and quit bashing the opposite party.
The income limits set in the bill will allow many people who can afford the ebikes to get a handout. $150k income limit? That is ridiculously high. Those people don’t need the handout, any more than I do, and we are well-under $100k income.
I SO Agree With The Comments Below!
Spending your and my money.
Just what we need – more government handouts! Has anyone else noticed the obscene, colossal wasteful spending that has been taking place?
Yeah GrumpyVet. I have. Anytime there are government incentives in the form of rebates or tax credits, it’s usually for stuff that nobody is buying or wanting. And they even have earnings requirements in order to qualify.
It also means that the company stock is owned by politicians and they want to increase their profits. Just ask Pelosi about lithium batteries.
There you go, I’ve thought that & said that since NAFTA
Agree, ridiculous