Electric Bicycle Incentives Go Local
May 31, 2022
It’s hard to overstate the societal upside — or “positive externalities,” as economists would call them — presented by electric bicycles. By replacing car trips, e-bikes can simultaneously lower emissions, improve street safety, and boost riders' health. Even more, with gasoline prices skyrocketing nationwide, e-bikes can help untether the American transportation system from its geopolitically messy reliance on oil.
Last year’s E-BIKE Act proposed a tax credit for electric bike buyers, showing that Congress is starting to appreciate the myriad of benefits e-bikes can offer. Unfortunately, federal leaders still have a ways to go — many legislators have yet to acknowledge the e-bike’s demonstrated ability to replace car trips.
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