Hyperdrive
E-Bike Sales Could Get Big Push From Build Back Better Act
Tucked among the massive U.S. spending bill is a tax credit of up to $900 for electric bicycles.
VanMoof e-bikes displayed at the company's store in San Francisco.
Photographer: Jim McAuley/BloombergThis article is for subscribers only.
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Over the past decade, the U.S. has spent about $10 billion subsidizing the purchase of electric vehicles through tax credits. Not one penny of that, however, has gone to the world’s best-selling and fastest-growing form of electric vehicle—a dynamic people-mover more efficient than any Tesla or Nissan Leaf. I’m referring, of course, to the electric bicycle.