Jason Kraft, CEO of Electric Bike Technologies, Inc., highlights the history of Electric Bike Technologies Inc. and their most popular brand of electric tricycle designed for seniors, the Liberty Trike.

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Nine-year-old Maggie Monnin and her 8-year-old sister Charlie have spinal muscular atrophy, a neurodegenerative disease that can be fatal. But their smiles are a lot brighter thanks to a surprise gift from Jason Kraft, who makes motorized tricycles that are typically for senior citizens. Dylan Dreyer reports for TODAY’s series The Upside.

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The E-BIKE Act creates a consumer tax credit that will cover 30% of the cost of the e-bike, up to a $1,500 credit. It only applies to new e-bikes that cost less than $8,000 and is fully refundable, allowing lower-income workers to claim the credit.

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