Forget Tesla and Electric Cars. E-Bikes Are the Future of Transportation.
Photo Illustration by Kelly Caminero / The Daily Beast / ShutterstockThere was a time—an instant really—when it seemed like e-bike advocates had captured lightning in a bottle.The E-BIKE Act, a bill introduced by Rep. Jimmy Panetta (D-CA) and Rep. Earl Blumenauer (D-OR) in 2021, was placed in the Inflation Reduction Act that was passed by the House of Representatives in 2022. It would have rewarded constituents with a 30 percent tax credit (up to $900) on the purchase of new electric bicycles that cost less than $4,000—a potent incentive for Americans to choose an environmentally friendly, low-cost alternative to driving cars.It was popular. It was good for the Earth. It would have helped low-income Americans. So, naturally, the Senate killed it. In the end, the E-BIKE Act was removed from the final version of the IRA after a surprise agreement between Sen. Joe Manchin (D-WV) and Sen. Chuck Schumer (D-NY)—an unfortunate victim of old-fashioned Washington backroom politics.Read more at The Daily Beast.Got a tip? Send it to The Daily Beast here