>Officials expected a 65% redemption rate, but by Dec. 21, 2023, 87% of the total available rebates had already been claimed. The low-income standard rebates, which offered a base of $1,100, had a 92% redemption rate, according to a press release from Colorado Energy Office (CEO).
>As such, the program has suspended new applications until next month, when additional funding will be allocated for at least one additional round of application selections.
…
>According to CEO, the program has led to discounts worth $5,417,300 and has helped 4,520 people in the state purchase electric bikes. The rebate program offered a base of $500 for moderate-income residents and $1,100 for low-income residents, plus additional incentives for additional equipment, e-cargo bikes and adaptive e-bikes.
article continues…
I mean, if you give people a viable alternative to cars, lots of people are going to take it…
British Columbia’s ebike rebate program ran out of money within hours of it starting:
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>Officials expected a 65% redemption rate, but by Dec. 21, 2023, 87% of the total available rebates had already been claimed. The low-income standard rebates, which offered a base of $1,100, had a 92% redemption rate, according to a press release from Colorado Energy Office (CEO).
>As such, the program has suspended new applications until next month, when additional funding will be allocated for at least one additional round of application selections.
…
>According to CEO, the program has led to discounts worth $5,417,300 and has helped 4,520 people in the state purchase electric bikes. The rebate program offered a base of $500 for moderate-income residents and $1,100 for low-income residents, plus additional incentives for additional equipment, e-cargo bikes and adaptive e-bikes.
article continues…
I mean, if you give people a viable alternative to cars, lots of people are going to take it…
British Columbia’s ebike rebate program ran out of money within hours of it starting:
[https://www.cbc.ca/news/canada/british-columbia/bc-ebike-rebate-program-crashes-1.6865477](https://www.cbc.ca/news/canada/british-columbia/bc-ebike-rebate-program-crashes-1.6865477)