E-bike Tax credit

Great news for Kasen Electric bike customers, in February the US House of Representatives passed a bill proposing a 30% tax credit for the purchase of new electric bicycles in the US. Many of our Kasen bikes qualify for this tax relief. The goal is to make it easier for Americans to afford electric bicycles, perhaps replacing car-driven miles with more efficient electric bicycles. Making the Kasen Commuter models the Kasen city being 500 watts and the Kasen cross being 750 watts ideal for this rebate. E-bikes have the potential to replace car trips for a lot of people, which could help the fight against climate change. E-bikes can change the world for the better. This is not just a speculative statement but also a proven fact. Counties that endorsed E biking with full political will are witnessing improvements in the environment, air quality, and the overall health of their population. The federal government is now realizing the importance of reducing motorized vehicles on the roads. The transportation sector contributes about one-third of the carbon emissions in the states, and the majority of the vehicles on the roads are single-passenger. The Kasen Kabbit plus is a great option for students that are not only environmentally smart but economically as well and want to save on escalating gas prices and save the world and money for books. Therefore, this environmental act is a small step towards a much broader and larger solution for the carbon emission issue. This bill emphatically is a new push for federal electric bike policies, stemming from not only the popularity of electronic bicycles but also the inspiring outcomes of European countries. For the past ten years, countries in Europe have made it their responsibility to subsidize, incentivize and promote E-bikes as an essential means of transportation. The k2.0 and 52.0 prob both 500 w bikes are great for more rugged terrains and destinations. Thus, the federal biking policy units are also gradually pushing policies that make bike riding a primary option for short-distance commuting. As a result, the E-bike act came about. Our E-trike with a weight capacity including the rider of 500 lbs can carry groceries and can commute to your local farmers market as a great option to driving. It also uses the problematic "under 750 watts" language when defining which electric bicycles would qualify for the incentive. In most US states, e-bikes are allowed to have a maximum motor power of 750 watts, so 750W e-bikes are common from many manufacturers. To include all e-bikes currently legal in most of the US, the bill should read "not more than 750 watts". Making the Kasen city, Cross, Kabbit classic, Kabbit plus, the Kasen E-trike as well as the K2.0 500w & k2.0 pro 500w eligible for this tax credit when/if passed. In addition to the VIN requirement, the committee also included a provision requiring that e-bikes come with manufacturer-assigned vehicle identification numbers (VINs). These numbers would then be used to claim the tax credit and are located on the Stem of every Kasen model. In order to qualify for the credit, the MSRP must be under $8,000. With our low prices you can purchase multiple models for multiple uses and still not exceed this cost.

It is still a long way to go before the legislation can be passed in the US House and Senate, after which it will need to be signed into law by President Joe Biden. But we can help assist you in which Kasen models will qualify for this tax credit.

We here at Kasen wanted you to be aware of this bill so that you can not only apply for it but also manage to take advantage of it when it goes into fruition. For instance, if you wish to purchase an E-bike using the tax credit, it does not exactly mean that you will get a 30 percent discount on the actual price of the bike. Instead, you will have to pay the full retail price of the bike when you buy it. Then where does the 30 percent tax cut apply? Well, after an E-bike purchase, you have to file your taxes for it. This is where you can claim a deduction for your Kasen E-bike. Oftentimes, claiming for this tax deduction requires you to fill a form in which you state how much the E-bike cost you and your tax refund, we will provide you a receipt with this information. However, the bill is nothing that is set in stone and is a proposed one. This means that the federal government has not finalized it. Keeping that in mind, it makes sense as to why it is full of unanswered questions.