Citing two TREC studies, Congressman Jimmy Panetta of the 20th District of California and Congressional Bike Caucus Chairman Earl Blumenauer of Oregon have introduced the Electric Bicycle Incentive Kickstart for the Environment (E-BIKE) Act to encourage the use of electric bicycles, or e-bikes.
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
The first TREC study referenced, The E-Bike Potential: How E-Bikes Can Improve Sustainable Transportation, found that if 15% of car trips were made by e-bike, carbon emissions would drop by 12%. This finding was based on a Portland, Oregon case study. The researchers also created an Electric Vehicle Incentive Cost and Impact Tool which enables policymakers, public stakeholders, and advocates to quickly visualize the potential outcomes of...Read more