How to Save Money on E-Bikes with These US Rebates and Tax Credits

Electric bikes are not only fun and eco-friendly, but they can also save you money in the long run. Compared to conventional cars, e-bikes are cheaper to buy, maintain, and operate. Plus, they can help you avoid traffic jams, parking fees, and gas expenses.

But did you know that you can also get some money back from the government when you buy an e-bike?

That’s right. There are various rebates and tax credits available for e-bike buyers across the USA. These incentives can reduce the upfront cost of your e-bike by up to 75%!

In this post, we’ll explain what these rebates and tax credits are, how they work, and where you can find them. We’ll also tell you about the E-BIKE Act, a federal bill that could make e-bikes even more affordable for everyone.

Let’s get started!

What is the E-BIKE Act?

The E-BIKE Act is a proposed legislation that would create a consumer tax credit for e-bike purchases. The bill was introduced in 2021 by Congressman Jimmy Panetta and co-sponsored by 26 other representatives.

The E-BIKE Act would offer a tax credit of up to 30% of the cost of the e-bike, with a maximum value of up to $1,500. The credit would apply to e-bikes that cost less than $8,000 and have a top speed of 28 mph or less.

The credit would be refundable, meaning that you would get the full amount even if you don’t owe any taxes. You could claim the credit once every three years for yourself, and twice every three years if you’re married and filing jointly.

The E-BIKE Act aims to encourage more Americans to use e-bikes as a sustainable and healthy mode of transportation. By making e-bikes more accessible and affordable, the bill hopes to reduce greenhouse gas emissions, improve air quality, and promote physical activity.

The E-BIKE Act is currently pending in the House Ways and Means Committee. If it passes, it would be a game-changer for the e-bike industry and consumers alike.

What are the state-level rebates and tax credits for e-bikes?

While we wait for the E-BIKE Act to become a reality, there are still some state-level incentives that you can take advantage of. These rebates and tax credits vary by state, so make sure to check the eligibility and availability before you buy your e-bike.

Here are some of the current and upcoming rebates and tax credits for e-bikes in different states:

• California: The Clean Vehicle Rebate Project (CVRP) offers rebates of $1,000 to $7,500 for e-bikes and other zero-emission vehicles. You must be a California resident and meet the income requirements to qualify.

• Colorado: The state-wide e-bike rebate program launches in August 2023 and offers rebates of $500 to $1,100 for e-bike purchases, depending on your income level and the type of e-bike. You must be a Colorado resident and buy your e-bike from an approved dealer to qualify.

• Connecticut: The E-Bike Incentive Program offers rebates of at least $500 for e-bike purchases. You must be a Connecticut resident, 18 years or older, and have a low to moderate income to qualify.

• Florida: The Federal Electric Bike Incentive Credit Bill 2023 offers a 30% tax credit of up to $1,500 for e-bike purchases. You must be a Florida resident and use your e-bike as a green and efficient way of transportation to qualify.

• Hawaii: The state offers a tax credit of up to 20% of the cost of the e-bike, with a maximum value of up to $500. You must be a Hawaii resident and use your e-bike for personal or business purposes to qualify.

• Illinois: The Electric Vehicle Rebate Program offers $4,000 off the price of a new e-bike and $1,500 off the price of a used e-bike. You must be an Illinois resident and buy your e-bike from an authorized dealer to qualify.

• Maine: The Electrify Everything Program offers rebates of $300 to $500 for e-bike purchases, depending on the type of e-bike. You must be a South Portland resident and buy your e-bike from a local shop to qualify.

• Maryland: The Clean Vehicle Credit offers a credit of up to $7,500 for e-bike purchases. You must be a Maryland taxpayer and buy your e-bike from a licensed dealer to qualify.

• Massachusetts: The state rebate program offers $500 to $750 rebates for e-bike purchases, depending on your income level. You must be a Massachusetts resident and buy your e-bike from a participating dealer to qualify.

• Michigan: The E-Bike Transportation Incentive Program Act offers vouchers of up to $500 or 90% of the cost of the e-bike, whichever is less. You must be a Michigan resident and have a low income to qualify. The bill is still under consideration.

• Minnesota: The Electric-Assisted Bicycle Rebate Program offers rebates of up to 75% of the cost of the e-bike, up to $1,500, depending on your income level. You must be a Minnesota resident and buy your e-bike from a registered dealer to qualify. The program is expected to launch in July 2024.

• Nevada: NV Energy offers a $500 credit for installing a Level 2 EV charging station and a $2,500 rebate for buying a new or used e-bike. You must be a NV Energy customer and have a low income to qualify.

• New Jersey: The state currently does not offer any e-bike rebate program.

• New Mexico: The state offers a $1,200 instant rebate on e-bike purchases with a protective helmet. You must be a New Mexico resident and have a low income to qualify.

• New York: The Ride Clean E-Bike Program offers a 50% rebate on e-bike purchases, up to $1,100. You must be a New York resident and buy your e-bike from a certified dealer to qualify. The program is expected to be voted on in the National Assembly this year.

• Oregon: The Clean Vehicle and Charge Ahead Rebate Programs offer up to $7,500 off the price of a new or used e-bike, depending on your income level. You must be an Oregon resident and buy your e-bike from an authorized dealer to qualify. The programs are temporarily suspended until March 2024.

• Rhode Island: The Erika Niedowski Memorial Electric Bicycle Rebate Program offers a standard rebate of up to $350 or 30% of the cost of an e-bike or an e-cargo bike. You must be a Rhode Island resident and buy your e-bike from a local shop to qualify.

• Vermont: The state offers rebates of up to $200 for e-bike purchases. You must be a Burlington resident or a utility user of the Vermont Public Power Supply Authority (VPPSA) and buy your e-bike from a local shop to qualify.

• Washington: The state offers rebates of up to $1,200 for e-bike purchases, depending on your income level and the type of e-bike. You must be a Washington resident and buy your e-bike from an approved dealer to qualify. The program launches in 2023.

• Washington D.C.: The district offers incentives of up to $2,000 for e-bike purchases, depending on your income level and the type of e-bike. You must be a D.C. resident and buy your e-bike from a participating dealer to qualify.

How to claim your rebates and tax credits for e-bikes?

The process of claiming your rebates and tax credits for e-bikes may vary depending on the state and the program. In general, you will need to provide proof of purchase, proof of residency, proof of income, and other relevant documents.

Some rebates and tax credits are applied at the point of sale, meaning that you will pay less for your e-bike upfront. Others are applied after the purchase, meaning that you will need to file a claim form and wait for your refund.

To find out the specific details of each rebate and tax credit program, you can visit the official websites of the state agencies or the e-bike dealers that participate in the programs. You can also contact them directly for more information and assistance.

Conclusion

E-bikes are a great way to enjoy the outdoors, stay fit, and reduce your carbon footprint. And with the help of rebates and tax credits, you can also save money on your e-bike purchase.

Whether you’re looking for a federal, state, or local incentive, there’s likely a program that suits your needs and budget. Just make sure to do your research and follow the eligibility and application requirements.

And if you’re ready to buy your e-bike, check out our amazing selection of high-quality and affordable e-bikes at Vitilane. We have e-bikes for every style, preference, and purpose. Plus, we offer free shipping, easy returns, and excellent customer service.

Don’t miss this opportunity to get your dream e-bike at a fraction of the cost. Shop now and ride away with a smile!