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09.09.24 TAB Agenda 7.a.ii E-Bike Incentive Application CycleCity of Boulder 2024 E-Bike Incentive Program TAB Update TRANSPORTATION AND MOBILITY CLIMATE INITIATIVES FINANCE Program Background 9/5/2024 2 Funded through the Climate Tax Offers point-of-sale discounts on Class 1 and Class 2 e-bikes at participating shops throughout Boulder County Piloted in 2023 with two rounds of voucher releases Administered in partnership with Aptim and Community Cycles E-bikes 9/5/2024 3 What is an e-bike? •Electric motorized bicycle with a rechargeable battery and an electric motor that assists riders as they pedal What are the benefits of an e-bike? •Offers an accessible way to cycle through tough terrain and travel long distances via the “pedal assist” •Reduces emissions •Increases personal savings What e-bikes are available? •Standard/general e- bike •E-cargo bike •Adaptive e-bike 2024 Program Highlights 9/5/2024 4 •Vouchers are available to only to those who have an income at or below 80% of the Area Median Income (AMI) Income Eligibility •Vouchers range from $1,600 to $2,700Voucher Amounts •Vouchers cannot be used in conjunction with the State E- Bike Tax Credit discountVoucher Stacking Voucher Details 9/5/2024 5 Category E-bike Type Amount Income-qualified: above 60% AMI to 80% AMI Standard $1,600 Income-qualified: above 60% AMI to 80% AMI E-cargo or Adaptive $2,100 Income-qualified: at or below 60% AMI Standard $2,100 Income-qualified: at or below 60% AMI E-cargo or Adaptive $2,700 Application Process 9/5/2024 6 Choose bike type Register Random selection Apply Receive voucher Identify bike shop Purchase bike Questions? 9/5/2024 7