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Bill > A1487


NJ A1487

NJ A1487
Directs BPU to establish rebate program for purchase of electric bicycles.


summary

Introduced
01/09/2024
In Committee
05/16/2024
Crossed Over
Passed
Dead
01/12/2026

Introduced Session

2024-2025 Regular Session

Bill Summary

Directs BPU to establish rebate program for purchase of electric bicycles.

AI Summary

This bill directs the Board of Public Utilities (BPU) to establish a rebate program for the purchase of eligible low-speed electric bicycles. The rebate will cover up to 50% of the retail purchase price, with a maximum of $2,000 per bicycle. The program is designed to encourage the use of electric bicycles for short-distance trips in order to reduce emissions from motor vehicles. The BPU is required to provide $1 million from the societal benefits charge to fund the rebate program and is authorized to adopt rules and regulations to implement the program.

Committee Categories

Agriculture and Natural Resources, Transportation and Infrastructure

Sponsors (4)

Last Action

Reported out of Asm. Comm. with Amendments, and Referred to Assembly Transportation and Independent Authorities Committee (on 05/16/2024)

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