Denver Announces Rebate for E-Bike Buyers

Denver is launching an electric bike rebate program to encourage more people to replace car trips with bike rides. As Evan Kruegel reports, “All Denver residents will be eligible for a $400 rebate off a qualifying electric bike, 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 bikes, or e-bikes, 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 e-bikes 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.”