Connect with us

Hi, what are you looking for?

OMD NewsOMD News

Finance

$1,300 Rebates Up for Grabs: US Cities Incentivize E-Bike Adoption for Sustainable Transportation

Several U.S. cities, including Salt Lake City, St. Louis Park, and Portland, are offering up to $1,300 rebates for e-bike purchases to promote cleaner transportation and reduce traffic and pollution.

Up to $1,300 E-Bike Rebates – Which U.S. Cities Are Offering Incentives for Cleaner Transportation?

According to the report of Marca, some U.S. cities are offering up to $1,300 for people who buy e-bikes to help make transportation cleaner and meet Net Zero goals. In Salt Lake City, Utah; St. Louis Park, Minnesota; and Portland, Oregon, residents can get these rebates, which vary based on where they live and what they buy. This plan aims to cut traffic, pollution, and carbon emissions, giving city residents a cheaper way to get around.

Finance expert Kevin Thompson says this plan can reduce traffic accidents and lower insurance costs. It also offers an affordable option for those who usually use public transportation. In Minnesota, the rebate started on July 2, 2024, and residents must have filed their taxes by December 31, 2022, and meet income requirements. In Portland, a similar program will start in the summer of 2025, targeting low and middle-income earners.

READ ALSO: $2 Million Tax Credit Secured: Historic Zanesville Building To Undergo $9.4 Million Renovation

$1,300 Rebates Up for Grabs: US Cities Incentivize E-Bike Adoption for Sustainable Transportation (PHOTO: Axios)

Salt Lake City Offers Up to $1,300 E-Bike Rebates for Sustainable Transportation

People in Salt Lake City can get up to $1,300 by buying e-bikes from specific stores and applying through a city lottery system. E-bikes, which cost between $2,000 and $5,000, provide an eco-friendly way to travel. Extra money is available for accessories like helmets and lights. This initiative helps promote sustainable transportation and tackles environmental and economic issues.

READ ALSO: $8 Billion In College Savings: Pennsylvania Introduces 25% Tax Credit For Employer Contributions To PA 529 Program

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Finance

There is finally an update on 4th stimulus check for Social Security Recipients! Individuals who receive Social Security benefits can expect to receive a...

Military

The attack using 14 military choppers that Russian President Vladimir Putin planned was destroyed by Ukraine using US-supplied long-range tactical missiles. Russian President Vladimir...

Finance

The Biden administration has announced recently that it plans to increase the monthly payments of seniors and veterans to $2,000. $2,000 in Monthly Payments...

Finance

In Texas, this September the SNAP payments will end, worth up to $1,691, on Friday. The household income determines eligibility. A single-person household must earn more than...