The city’s latest round of vouchers were snapped up by the public within minutes of being released, showing the unrelenting popularity of the e-bike rebate program.
A Denver city program that gives e-bike buyers rebates of up to $1,700 continues to be a hit with residents, with vouchers being snapped up almost as quickly as they’re made available, reports Whitney Bauck for CityLab.
“The Denver initiative grew out of a 2020 vote in which residents approved a 0.25% sales tax increase to provide $40 million in funding per year for climate action, meant to move the city toward its goal of reaching net-zero emissions by 2040.” The initial round was so successful that the city shifted to a monthly voucher release, which is still drawing hundreds of interested Denverites, and “the city is now increasingly being looked to as a model by the rest of the country as local communities take on more initiatives to reach net-zero emissions targets.”
The article attributes the program’s success to its somewhat unique nature, which gives users a discount immediately at the point of sale rather than as a tax rebate. The rebates are also notably large, with the biggest discounts for low-income voucher recipients. “Another essential feature has been the city government’s partnership with local retailers, which helps to ensure that the bike vouchers are incentivizing recipients to keep money circulating in the local economy.”
FULL STORY: Denver’s E-Bike Rebates Are So Hot They're Gone Within Minutes
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