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Tax Credit for New Electric Bicycle Purchases

This act introduces a new tax credit for individuals purchasing a new electric bicycle. This allows citizens to recover a portion of the purchase cost, encouraging the use of more environmentally friendly transportation.
Key points
You can receive a tax credit equal to 30% of the cost of a new electric bicycle.
The maximum credit is $1,500 ($3,000 for joint filers), and the bicycle's cost cannot exceed $8,000.
The credit applies to Class 1, 2, or 3 electric bicycles with pedals, a seat, and an electric motor under 750 watts, purchased for use in the U.S.
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Additional Information
Print number: 117_S_2420
Sponsor: Sen. Schatz, Brian [D-HI]
Process start date: 2021-07-21
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

E-BIKE Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2420.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-07-21.

What are the main provisions?

Key points include:

  • You can receive a tax credit equal to 30% of the cost of a new electric bicycle.
  • The maximum credit is $1,500 ($3,000 for joint filers), and the bicycle's cost cannot exceed $8,000.
  • The credit applies to Class 1, 2, or 3 electric bicycles with pedals, a seat, and an electric motor under 750 watts, purchased for use in the U.S.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Schatz, Brian [D-HI].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Taxes Transport Environment