Electric bikes have become increasingly popular worldwide, specifically in the United States. In the last year, the USA made $1.3 billion in sales showing an increasing surge for e-bikes. It is an environment-friendly mode of transportation that is cheaper and more convenient for people of all age groups. An e-bike saves time, expenses, and stress-free commuting compared to the public or any other mode of transportation. Therefore, to encourage the adoption of eco-friendly transportation options, the government offers various tax incentives and rebate programs for purchasing electric bikes.
U.S. Federal Government’s Tax Incentives For Electric Bicycles
At the Federal level, the U.S. government does not offer any tax incentives on e-bikes. However, a bill named Electric Bicycle Incentive Kickstart for the Environment Act was introduced in March 2023. The bill was referred to a House- ways and means committee. It is in the initial stages and will take some time. According to the bill, the Federal government will provide a tax credit of upto 30% for qualified electric bikes not more than $8,000 with a minimum of 750 watts of motor power. The electric bike must be an operable paddle or saddle and seat for a rider. While this bill needs time to be enacted into law. Therefore, consider state and local government-based electric bike tax incentives.
California
The California E-Bike Incentive Project offers up to $2,000 for eligible residents over 18 who meet specific income requirements. Priority is given to those in low-income or disadvantaged communities. Participants must apply online, provide proof of residency and income, and receive approval before purchasing a qualifying e-bike. New electric bicycles that meet UL and/or EN standards for Class 1-3, have a motor of 750 watts or less, and come with a one-year warranty. Only purchases from approved retailers qualify. Applications are accepted on a first-come, first-served basis.
orange county ebike insentive
It is worth mentioning that the Orange County Power Authority's E-Bike Safety and Incentive Pilot Program offers residents vouchers of $600 for a standard Level 1 or 2 e-bike, or $1,500 for income-qualified participants through the CARE or FERA programs. To participate, applicants must complete an e-bike safety training, available online or in person, and pick up the e-bike from participating local shops. The program runs from July 1st to September 30th, or until supplies last.
Florida
In Florida, the 2023 Federal Electric Bike Incentive Credit allows residents to claim a 30% tax credit, up to $1,500, for the purchase of an electric bike. This initiative encourages environmentally friendly transportation options like e-bikes, helping to reduce reliance on cars and lower carbon emissions.
Key details of the proposed credit:
Available for individuals purchasing an electric bike.
The tax credit covers 30% of the e-bike’s cost, up to a maximum of $1,500.
Income limits may apply to ensure the benefit reaches lower- and middle-income households.
The initiative aligns with broader goals to promote environmentally friendly transportation and reduce dependency on fossil fuels. It highlights the growing recognition of electric bikes as an efficient, green transportation option.
Hawaii
The Hawaii electric bike and moped rebate program offers rebates of up to $500 or 20% of the retail price for eligible electric bikes and mopeds. Key requirements include purchasing new vehicles after July 2, 2022, and applying within 12 months. Eligible applicants must be 18 or older and meet criteria like low-income assistance participation or not owning a car. Safety guidelines for riders are emphasized, such as helmet use and traffic rule compliance.The rebate applies to electric bikes or mopeds purchased on or after July 1, 2022, with a top speed of 28 mph.
New York
The New York Electric Bike and Scooter Rebate program offers up to 50% off the purchase price of an electric bike or scooter, capped at $1,100. Managed by the New York State Energy Research and Development Authority (NYSERDA), this initiative supports the state's goal of reducing transportation emissions by encouraging clean micro-mobility options. By incentivizing e-bike and scooter use, the program aims to decrease congestion, lower pollution, and promote more affordable, sustainable transportation in New York.
Colorado
The Colorado E-Bike Tax Credit, starting April 1, 2024, provides a $450 discount on eligible e-bike purchases from participating retailers. The credit applies to new e-bikes with motors of 750 watts or less, following UL or EN standards. Each Colorado resident can receive one discount per year. Proof of residency is required, and the tax credit is applied at the point of sale, though sales tax must still be paid.
The information provided regarding tax incentives for electric bicycles is based on current legislation and available programs as of 2024. These details are subject to change as new laws and policies are enacted. For the most up-to-date information and personalized advice, please consult with relevant federal, state, or local government agencies or a qualified tax professional before making any decisions or purchases.
Fiido Offers
By subscribing on their official website, you can have the opportunity to receive discounts and offers. Secondly, if you refer a friend using your unique referral link and they purchase a Fiido electric bike, you will receive a $25 discount. Both promotions are designed to provide savings and encourage sharing their products with others.Alternatively, you can purchase Fiido products through limited-time promotions. For example, the Fiido D3 Pro Mini Electric Bike is currently on sale at an exceptionally discounted price of just $399. Some models like Fiido X, D11, and C11 are popular and the best ebike deals. These have no more than 20 mph top speed and 750w motor power.This is a great opportunity to grab a high-quality electric bike at a reduced cost.Click on the official website to check out more offers waiting for you.
Fiido D3 Pro Mini Electric Bike
The most affordable and adorable Electric Bike
Conclusion
Tax incentive programs make it possible to reach this eco-friendly electric bicycle for many customers. As the federal government is still in the process of enacting laws specific to e-bikes, the State and local governments are also supporting different tax rebate initiatives. These initiatives have given awareness and increased e-bike users. By taking full advantage of tax incentives you not only enjoy the discounted tax benefits but also contribute to a clever and greener environment.
