Proposed Tax Credit for Electric Bikes and Electric Motorcycles!

Get a tax credit on your electric bike purchase?

The United States Senate Finance Committee has approved a tax credit for electric bikes and electric motorcycles.

If the bill passes the credit would be 10% of the purchase price of the electric bike or electric motorcycle, up to $2,500.

The idea is to provide an incentive for people to buy 2 wheeled electric vehicles and boost the e-bike industry in the US.

“This is about good paying American jobs,” Senator Ron Wyden (D-Oregon) said. “These jobs [Read more…]