2024 Audi Q4 e-tron debuts with more range, more performance

More

Toyota next-gen electric vehicles to arrive in 2026 over 800 km of range

More

Lotus Emeya revealed with 905-hp; 0-62-mph in 2.8 seconds

More

IAA Mobility 2023: The all-new Renault Scenic E-Tech 100% electric

More

Truemag

  • Electric Car News
  • Electric Car Reviews
  • Plug-in Hybrids
  • Technology
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Charging Map

Senate Committee Approves $2,500 Tax Credit for Electric Bikes

The Senate Finance Committee approved a tax credit worth 10 percent of the price of electric bikes and motorcycles, up to a maximum of $2,500.

The Senate hopes that the tax credit will help improve sales in the electric bike industry within the United States.

Electric bikes and motorcycles have been without a federal purchase incentive since the beginning of 2012, when the credit originally introduced in 2009 expired.

Comparatively, about 25 million electric bikes were sold in China compared to fewer than 100,000 in the United States. The tax credit will cost $15 million over two years and will reportedly create thousands of new jobs.

A similar tax credit of up to a $7,500 already exists for plug-in electric vehicles. All-electric vehicles like Nissan Leaf and Ford Focus Electric among many others and some plug-in hybrids like Chevrolet Volt are eligible for $7,500, while a Prius Plug-in buyers are eligible for $2,500 federal tax credit.

Aug 11, 2012Blagojce Krivevski
Lola-Drayson Electric Le Mans Racer Set For LCV2012 AppearanceZap Xebra Recalled for Brake Problem
You Might Also Like
 
How Leading Utilities are Embracing Electric Vehicles
 
Interest in Electric Vehicles Growing in the Midwest, as 7-State Project Charges Ahead in Seven States
Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

August 11, 2012 Electric Car NewsElectric Bikes, Electric Bikes Tax Credit, electric vehicles, Plug-in Electric Vehicles, tax credit
Follow Us
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • rss
Recent News
Edinburgh orders 50 Volvo BZL Electric double deck buses
September 25, 2023
FedEx adds Mercedes-Benz eSprinter vans to its UK fleet
September 25, 2023
EV Connect Selected as a Preferred EV Charging Provider for Marriott Across North America
September 24, 2023
Hertz and New York City Launch “Hertz Electrifies New York City”
September 24, 2023
Solar Team Eindhoven Build Solar-Powered Off-Roader with 630 km Range
September 23, 2023
About
ElectricCarsReport.com ElectricCarsReport.com is a website dedicated to pure electric vehicles and the full range of consumer information and tools about electric cars, green technology energy, and the environment.
Latest News
Edinburgh orders 50 Volvo BZL Electric double deck buses
September 25, 2023
FedEx adds Mercedes-Benz eSprinter vans to its UK fleet
September 25, 2023
EV Connect Selected as a Preferred EV Charging Provider for Marriott Across North America
September 24, 2023
Get in touch

Email: [email protected]

Get new stories by email:
Archives
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • rss
DMCA.com
© ElectricCarsReport.com | All Rights Reserved.