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PHOTOGRAPH BY SVEN SIMON, PICTURE-ALLIANCE/DPA/AP IMAGES
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By David Beard, Executive Editor, Newsletters
So far, the U.S. government has handed out $10 billion in subsidies to purchase electric vehicles using tax credits.
The EV's tinier, dramatically greener cousin, the e-bike, hasn’t gotten squat—although there’s a chance that Americans might get e-bike rebates if the Senate approves the Build Back Better Act, already passed by the House.
Before we go there, why an e-bike? Doesn’t that just help you chug up a hill? Proponents say sales have jumped in recent years because of improvements in pricing, power, and lithium-ion battery technology. About that battery: It’s 1/90th the size of its EV cousin, a much more efficient use of cobalt and other rare earths, and much quicker to charge.
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