If you read Any of my e-bike reviews on WIRED (almost everyone praised it) and when I bought my own e-cargo bike seven months ago, when I learned that my life became better, you wouldn’t feel surprise.
My child goes to school half a mile from our home in Portland, Oregon.Even in the worst weather, I will speed at the pick-up time Tern, Drove slowly past the car looking for a parking space, grabbed my child at the door, and I went home in 10 minutes. Convenience and exercise help me stay sane when other things don’t seem to work for me.
I am not alone.Industry experts estimate that by 2020, approximately Half a million Americans They also bought electric bicycles, which surpassed the sales of electric cars by two to one.In this year’s Those ones, Exhibitors like totem and huge Shows a brand new bike, while others like it Bosch, Tern, and Cara Goods New e-bike innovations are showcased, such as integrated software and heavy-duty electric trailers that small businesses can use for delivery.
Even more frustrating is that the Infrastructure Investment and Employment Act, which President Biden recently signed into law, imposes such strange specific restrictions on the tax credit for electric bicycles. If you want to get a tax credit for electric bicycles, you can claim a 30% credit for a new bicycle within five years, up to a maximum of US$3,000, for a total credit of US$900. This tax credit only applies to bicycles valued at US$4,000 or less. Of course, many electric bicycles—especially those designed to carry children and groceries—are much more expensive than this. It also disqualifies anyone with a revised total income of more than $75,000 or a joint declaration of more than $150,000.
These regulations are in stark contrast to the huge tax rebate for electric vehicles, which provides a direct tax credit of $7,500 for plug-in vehicles. If the vehicle’s battery is manufactured in the United States, a tax credit of up to $500 can be enjoyed. If it is, You get an additional $4,500 in credit. This car was manufactured by union workers. These rebates apply to vans and sport utility vehicles up to $80,000. Cars priced no more than US$55,000 are eligible.
It’s great that the bill passed. Nonetheless, the $900 tax credit for electric bicycles is insignificant compared to the thousands of dollars that the government can get from buying electric cars. As a cyclist, this is frustrating and short-sighted. To solve the climate crisis, we must face our car addiction instead of feeding it. We must provide the same wholehearted support for electric bicycles and the entire bicycle industry as we do for cars.
According to the “Infrastructure Investment and Employment Law”, my own electric bicycle is not eligible for tax refund. The retail price of My Tern GSD S00 is US$6,499. I was lucky to be able to find a cheaper second-hand demo bike, but the price is still higher than the bill’s $4,000 eligibility limit.
However, I am willing to pay so much for a bicycle that meets my specific needs and helps ensure the safety of my children. As a little woman, I found it essential to have a small bicycle that can be easily lifted and steered. Tern’s bike is compact enough for me to ride it easily. In addition, Tern’s electric bicycles are powered by Bosch motors, and Bosch’s system is one of the few electric bicycle transmission systems that have obtained UL safety and fire hazard certification.In addition, Tern’s bicycles are EFBE test Stress and fatigue. Most electric bicycles under $4,000 don’t have these safety certifications, but for me, they are essential. They ensured that my pedals would not break or fall off when I was driving at 20 mph, and that my bike would not arc on me or catch fire in my garage.