The highlight of Build Back Better Act is high subsidies for the electric bike industry
The Build Back Better ACT is a bill introduced in the 117th Congress on November 19th ,2021
To fulfill aspects of President Joe Biden's Build Back Better Plan. The subsidy objects of the Act also include Electric bike, whose offer cap is $1500.
The bill would also provide pre-tax commuting allowances for those who commute on electric bikes or shared bikes
If the new bill is successfully implemented,
1: it will greatly reduce the purchase cost of consumers when buy electric bike.
And further promote the overall development of the electric Bike industry.
2: PeopleForBikes the President and CEO Jenn Dice said: New financial incentives for bicycles and electric bikes are part of the climate solution. Senate implements "Build Back Better "by year-end, low- carbon and environmental protection in commuting benefits everyone early.
Obviously, electric bike has quietly started to change our consuming habit, the electric bike must will be a part of your new life.
-Gravity News
9th Apr. 2022