ALPEN-Blog

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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Electric bicycle sales are growing 16x faster than general cycling. Here’s why

Electric bicycle sales are growing 16x faster than general cycling. Here’s why

Electric bicycle sales had been growing at an impressive rate in the US even before the COVID-19 pandemic began. But ever since the pandemic started, sales of e-bikes have skyrocketed. Now the latest numbers show that e-bikes sales aren’t cooling off anytime soon.  The latest figures were compiled by NPD and indicate a growth rate for electric bicycles of 240% in the 12 months leading up to July 2021. Interestingly, though, general cycling equipment only grew at a rate of 15%, showing that electric bicycles are leading the overall growth in the cycling industry. And making this all the more impressive is...

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