Yes, but the cutoff will be much higher because we must prop up the happy motoring society at all costs.
a refundable tax credit worth 30 percent of a new e-bike’s purchase price, capped at $1,500. Bikes that cost more than $8,000 would not be eligible, and the 30 percent credit starts to phase out for bikes that cost more than $5,000. The program is also means-tested based on tax status, meaning the credit would begin phasing out $200 for every $1,000 spent on the purchase for individuals who earn $75,000, heads of household earning $112,500, and married couples who file jointly earning $150,000.
https://www.theverge.com/2021/10/28/22751273/ebike-tax-credit-build-back-better-biden
Actually, here's a better link: https://www.fastcompany.com/90692231/the-build-back-better-act-wants-you-to-buy-an-electric-car-an-electric-bike-not-so-much
According to the latest version of the Build Back Better framework, if you’re looking to purchase an EV, you can expect a total of $12,500 tax credit, if the vehicle meets certain domestic assembly and battery capacity requirements. That’s available to individuals earning up to $400,000 (or $800,000 for joint tax returns). For electric bicycles, the bill includes a credit for 30% of the cost of an e-bike priced under $5,000, for a maximum credit of $1,500. The baseline income cap for that credit is $75,000 for an individual, $112,500 for a head of household, and $150,000 in the case of a joint return. The credit gets reduced by $200 for each $1,000 that a taxpayer’s gross income exceeds those caps.
Will this also have a stupid means test like the electric bike tax credit?
Yes, but the cutoff will be much higher because we must prop up the happy motoring society at all costs.
Actually, here's a better link: https://www.fastcompany.com/90692231/the-build-back-better-act-wants-you-to-buy-an-electric-car-an-electric-bike-not-so-much
Whoops, ebike credit just got slashed further! https://twitter.com/DavidZipper/status/1455984841883783177