Tern’s new e-bike is priced to maximize proposed federal tax credit

(BRAIN) – Tern’s new Quick Haul, at $2,999, is a compact, cargo-carrying e-bike priced to maximize a proposed federal subsidy for e-bikes.

The Quick Haul has a frame and space to carry additional cargo or passengers. It’s compact to easily navigate stairwells, elevators and busy streets, said Tern’s team captain Josh Hon.

“The Quick Haul is how an e-bike optimized for city life should be designed,” said the Hon.

The model is rated at a maximum gross vehicle rate of 330 pounds. Modular accessories are available to transport cargo, passengers or pets.

It has a dropper post and stem to fit riders from 4’11” to 6’5″.

Despite its longer wheelbase, the Quick Haul is shorter than a regular bicycle due to its small wheels. It includes Tern’s vertical parking feature allowing it to be rolled upright in a lift and stored in a corner.

Tern designed a coupling to attach the heavy-duty Carla Cargo trailer to the Quick Haul’s rear rack, which the brand says provides a stable ride even when heavily loaded.

Quick Haul is the company’s cheapest e-bike, starting at $2,999 for a Class 1 bike and $3,299 for a Class 3 bike.

The US e-bike law, part of President Joe Biden’s Build Back Better program, passed the House last year but is stalled in the Senate. The legislation would create a tax credit that can be applied to the purchase of a new electric bicycle (the first $3,000) up to a maximum of $900 and applicable to bicycles sold for up to $4,000. This would allow taxpayers to claim one credit for one e-bike per tax year – two for joint filers. The credit would be phased out starting at $75,000 of modified adjusted gross income ($112,500 for heads of households and $150,000 for married spouses) at a rate of $200 for every $1,000 of additional income.

The new Quick Haul line initially includes two models, D8 and P9. A third model, the P5i, will be introduced in Europe first, with other markets to follow later.

The D8 is equipped with a Bosch Active Line Plus motor with a 1 x 8 transmission. The P9 is equipped with a Bosch Performance Line or Performance Line Sport motor (class 3), with a 1 x 9 transmission. The p5i is equipped with Bosch Performance Line motor, Shimano Nexus 5 hub and Gates chain or belt drive.

Tern said the bikes will start hitting stores in the second quarter of this year. More information: ternbicycles.com.

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