Denver Announces Rebate for Electric Bicycle Buyers
Denver residents will be eligible to receive up to $1,200 in rebates on electric bicycle purchases as part of an effort to help more people access sustainable transportation modes.
Denver is launching an electric bicycle rebate program to encourage more people to replace car trips with electric bicycle rides. As Evan Kruegel reports, “All Denver residents will be eligible for a $400 rebate off a qualifying electric bicycle, with an additional $500 rebate ($900 total) off the purchase of an e-cargo bike. Income qualified residents can qualify for a $1,200 instant rebate.”
According to the article, “electric bicycle, have risen in popularity in recent years as an eco-friendly form of transportation. But with costs ranging from $2,000-$10,000, reaching low and middle-income families has been a struggle.” Denver’s new program aims to make electric bicycle affordable for more households. “The program is being paid for through Denver’s Climate Protection Fund, which voters approved in 2020. The 0.25% sales tax is estimated to raise up to $40 million a year for projects dedicated to eliminating greenhouse gas emissions and air pollution.