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

Published March 9, 2022

(BRAIN) — Tern's new, $2,999 Quick Haul is a compact, cargo-carrying e-bike is priced to maximize a proposed federal e-bike subsidy.

The Quick Haul has a step-through frame and room to carry extra cargo or passenger. It's compact to easily navigate stairwells, elevators and busy streets, said Josh Hon, Tern's team captain. 

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

The model is rated to max gross vehicle rate of 330 pounds. Modular accessories are available to carry cargo, passengers or pets.

It has a telescoping seatpost and stem to fit riders from4'11" to 6'5".

Despite its longer wheelbase the Quick Haul is shorter than a regular bike due to its small wheels. It includes Tern's Vertical Parking feature allowing it to be rolled upright into an elevator and stored in a corner.

Tern has designed a coupling to attach the heavy-duty Carla Cargo trailer to the rear rack of the Quick Haul, which the brand said ensures a stable ride even when heavily loaded.

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

The U.S. E-Bike Act, part of President Joe Biden's Build Back Better package, passed the House last year but has stalled in the Senate. The legislation would create a tax credit that could be applied to the purchase of a new e-bike (the first $3,000) up to a $900 maximum and applying to bikes selling for up to $4,000. It would allow taxpayers to claim credit for one e-bike per taxable year — two for joint filers. The credit would phase out starting at $75,000 of modified adjusted gross income ($112,500 for heads of household and $150,000 for married filing jointly) at a rate of $200 per $1,000 of additional income.

The new Quick Haul lineup initially includes two models, D8 and P9.  A third model, the P5i, will be first introduced in Europe, with more markets following suit at a later date.

The D8 has a Bosch Active Line Plus motor with a 1 x 8 drivetrain. The P9 has a Bosch Performance Line or Performance Line Sport motor (Class 3), with a 1 x 9 drivetrain. The p5i has a Bosch Performance Line motor, Shimano Nexus 5 hub, and a chain or Gates belt drivetrain. 

Tern said bikes will start arriving in stores in the second quarter this year. More information:

Topics associated with this article: Electric bike

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