ALPEN-Blog

What a commute in a car-free city might be like

What a commute in a car-free city might be like

Look out any window in most urban areas and you’ll see streets lined with parked cars. Every year the arteries of the world’s biggest cities become more clogged. By 2030, 60% of the world’s population will live in cities, analysts estimate, creating a string of global megacities even more crowded and polluted than today. How will they organize daily life to promote safety, efficiency and the well-being of residents? Now imagine a city without private cars. A city where transportation is emissions-free, largely self-driving and connected to the internet. A city where cars, as well as taxis, buses, trains and bicycles, are shared....

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Lime raises $523M as it prepares to go public

Lime raises $523M as it prepares to go public

Shared electric micromobility giant Lime has closed a $523 million raise in convertible debt and term loan financing, money that Lime CEO Wayne Ting says is the next step on the company's path to going public next year. Lime will use the capital to invest in its decarbonization efforts, refresh a significant portion of its fleet with its Gen4 e-bikes and e-scooters, scale into more cities and develop new technologies that will help win additional city RFPs. "This was a very oversubscribed round, and I think it really does underscore the renewed interest in micromobility as a sector, and more importantly,...

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Infrastructure Bill: $81 a month pre-tax benefit for biking to work that could be used for bike parking

Infrastructure Bill: $81 a month pre-tax benefit for biking to work that could be used for bike parking

  President Joe Biden released a revamped climate-change plan Thursday as part of his Build Back Better Act that includes restoring the originally proposed e-bike tax credit percentage while keeping the bicycle commuter benefit unchanged. The tax credit for the purchase of an e-bike originally was proposed at 30% when Congressmen Jimmy Panetta (D-Calif.) and Earl Blumenauer (D-Ore.) created the E-BIKE Act. However, in September, the House Ways and Means Committee reduced the credit in half. As part of the revamped bill announced Thursday, it's back to 30% but over five years — not 10 — with the same means-testing price...

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Infrastructure act passage will fund more bike lanes, trails

Infrastructure act passage will fund more bike lanes, trails

More money for bike lanes, trail construction and climate change reduction will be available when President Joe Biden signs into law the nearly $1.2 trillion Infrastructure Investment and Jobs Act. Congress finally passed the package Friday that awaits Biden's signature. It calls for $11 billion of federal funding for transportation safety, including bicyclists and pedestrians. The second part of Biden's economic package, the Build Back Better Act that proposes e-bike and bicycle commuter tax benefits, is still being debated in Congress. “We’re pleased to see Congress and the administration advance billions of new dollars for bike lanes, trails and safer streets with...

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