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Electric bicycles: Hero & Yamaha JV, Proposed US tax credit for electric bicycles 

Electric Vehicles India

Electric bicycles: Hero & Yamaha JV, Proposed US tax credit for electric bicycles . The Indian electric bicycles market growth is valued at USD 0.1 Hero & Yamaha to jointly establish electric cycle drive units. Electric bikes back up to 30%, capped at the incentive of $1,500 in the US .