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12Senate committee approves $2,500 federal tax credit for electric two-wheelers

Last week, the Senate Finance Committee approved a federal tax credit worth 10 percent of the price of electric bikes and motorcycles, up to a maximum of $2,500. If the bill passes, it would end an existing electric vehicle tax credit for golf carts that can't be taken on public highways, unlike electric bikes. The committee approved the amendment by a voice vote as part of a broader package of tax measures after a debate over whether e-bikes are worth it. Creating more U.S. jobs, and not losing

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