• pumpchilienthusiast [comrade/them, any]
    ·
    edit-2
    3 years ago

    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.