You might’ve noticed even more electric bikes out on the roads throughout 2021 compared to those of last year. This year, the demand for our favorite transportation method continued to increase, despite global supply chain shortages and shipping carrier delays.
In light of these trying times, we at Roll-Road went full-throttle with our efforts, working hard to maintain our inventory in order to get more people onto ebikes and doing our part for the environment.
Electric bike sales skyrocketed from 2019 to 2020, let alone in comparison to 2021! Not only have they grown to be an efficient transportation method for commuters and students alike, but they’re also a source of both recreational fun and physical activity! Studies continue to show that ebike riders can exert significant amounts of energy, which consequently can reduce the risk of diseases such as high blood pressure, high cholesterol, and heart disease. We’d like to think we’ve finally established that e-bikes are definitely not cheating - especially since they increase people’s activity levels while simultaneously helping to lower CO2 emissions - and here’s another reason why the demand will continue to climb!
Electric Bike Tax Credit: Biden’s Build Back Better Act
A government-proposed tax credit may make ebike sales soar even higher! Biden’s Build Back Better Act recently passed the House of Representatives, offering Americans who qualify for the bill to receive a fully refundable 30% tax credit on select electric bike purchases!
What’s the motive behind this? Simple. Due to their low-carbon outputs, ebikes play a key role in U.S. efforts to fight climate change. But the effects don’t just stop there. Globally, the more people opt-in to ride e-bikes as low-carbon transportation alternatives to traditional cars, the higher the potential that we’ll positively impact our environment.
The Build Back Better Act is currently under review by the U.S. Senate. If passed, individuals in set income brackets can earn a maximum tax credit of $900 on electric bike purchases up to $4,000! Although we’re hopeful the act will pass, further incentivizing more people to opt-out of cars and opt-into electric bikes, the mere fact that it was established and resides at a federal level reinforces our belief that ebikes are both viable options for transportation and recreation.