E-bike rebates get boost at electric vehicle expense

The city just made a change to one of its rebates.

In February, Denver released 800 vouchers for e-bikes. Of those, 600 were for any resident and 200 were reserved for lower-income residents. “We know from our data that income-qualified individuals tend to redeem their e-bike vouchers at a higher rate and use their e-bikes at a higher rate,” Gedeon said. “More than 8,300 Denverites have redeemed a voucher through the e-bike rebate program, so we are seeing immediate climate and public health benefits.”Of those, lower-income residents have received about 44% of them, totaling $5 million. That means that the average rebate is $1,373.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ethereum liquid restaking protocol Puffer Finance reaches $200 million valuation in new token funding roundPuffer Finance has raised $18 million in a Series A funding round co-led by Brevan Howard Digital and Electric Capital.
Source: TheBlock__ - 🏆 464. / 53 Read more »