March 28, 2023
TAMPA, FL - Jupiter Electric Bike proudly announces its support for the reintroduction of the E-BIKE Bill in Congress, which seeks to support the use of electric bicycles as a means of transportation that is beneficial both for consumers and the environment.
The bill, known as the Electric Bicycle Incentive Kickstart for the Environment (E-BIKE) Act, was re-introduced last week by representatives Jimmy Panetta (D-CA) and Earl Blumenauer (D-OR). It aims to incentivize the purchase of electric bicycles by providing a tax credit of 30% of the purchase price up to $1,500 for qualified buyers. To qualify, the e-bike would need an MSRP of less than $8,000.
The E-BIKE ACT was first proposed in 2021 but was eventually rolled into legislation included in the Inflation Reduction Act with the provision for electric bikes removed in order to get the bill passed. While federal efforts stalled at the time, many smaller entities began rolling out incentives at the local and state levels proving great success with the city of Denver, Colorado leading the way.
Jupiter Electric Bikes fully supports the E-BIKE Act as it aligns with the company’s mission to provide sustainable and eco-friendly transportation options to the public. “As an electric bike company that prides itself on delivering sustainable and affordable transportation, we are thrilled to hear that the E-BIKE bill is being reintroduced in Congress,” said Rob Daniels, President of Jupiter Electric Bikes. “This bill will encourage more people to switch to e-bikes, which are more efficient and less harmful to the environment than traditional vehicles.”
The E-BIKE Act has far-reaching benefits, such as reducing greenhouse gas emissions, promoting public health by encouraging biking, and easing traffic congestion. The tax credit would make electric bikes more affordable - one of the biggest barriers for customers considering making the switch to e-bikes.
Jupiter Electric Bikes urges everyone to write to their congressional representatives and express their support for the E-BIKE Act. In doing so, they can help put pressure on legislators on both sides of the aisle to pass the bill and bring more sustainable transportation options to the American public.
About Jupiter Electric Bike:
Jupiter Electric Bike is an eco-friendly electric bike brand based in Tampa, Florida that combines innovation and design. We are passionate about promoting sustainable transportation solutions and aim to make electric biking a standard for the future. Our Jupiter Bike products provide riders with a unique and enjoyable experience, offering them a new way to get around that is better for them and better for the planet.
To contact your legislator or to take other action on the E-Bike bill, visit peopleforbikes.
For more information, visit jupiterbike.com.