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This[1] is the new bill in US congress that he mentioned about subsidies. The "E-BIKE" act. It's a tax credit of 30% of the cost of a new ebike. The credit can'
by artisanspam 5y ago
This[1] is the new bill in US congress that he mentioned about subsidies. The "E-BIKE" act. It's a tax credit of 30% of the cost of a new ebike. The credit can't exceed $1,500. This changes slightly if you file jointly, but you can just read the bill -- it's short.
The author makes it seem like this bill a part of Build Back Better which just passed the House and is in the Senate now. But that's not what the bill timeline says.
Personally, I'm waiting for this before I commit to a RadRunner Plus.
[1] - https://www.congress.gov/bill/117th-congress/house-bill/1019/text https://www.congress.gov/bill/117th-congress/house-bill/1019...
- GordonS 5y agoI always wonder about the practically of these subsidies - would it still be considered "successful" if manufactures artificially inflated prices by 30% after the subsidies went live? I would have assumed that the main goal was to encourage consumers to buy, rather than to inflate manufacture profits, though the latter wouldn't necessarily be a bad thing (since it's rewarding companies for taking a risk and bringing new, more eco-friendly products to market).
- Scoundreller 5y agoGovernments should also get free equity in the companies in these deals. Although you’ll probably see shell companies and locking out of new entrants if you do that, it still seems better for a lot of situations.
- qnsi 5y agoThe manufacturers would have to collude to all rise prices. One rougue manufacturer can keep normal prices and grab the whole ebike market