SUBSIDIZE ALL THE THINGS! Electric bikes in the U.S. could soon get a 30 percent federal tax credit.

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Demand for electric bikes has never been higher, and that trend could be turbocharged if a bill introduced today is signed into law, Electrek reports. The Electric Bicycle Incentive Kickstart for the Environment (E-BIKE) Act would create a 30 percent tax credit of up to $1,500 for buying an electric bicycle priced below $8,000. The bill is being spearheaded by Representatives Earl Blumenauer (D-OR) and Jimmy Panetta (D-CA).


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