Last Updated October 7, 2023
E-BIKE TRADE IN PROGRAM
New York City, New York Electric Bike Rebate and Tax Credit
Rebate Summary
Selected delivery workers can trade their e-bike or moped for a discounted UL-certified e-bike. Participants will be eligible to purchase a Tern Quick Haul e-bike with two Bosch batteries for $2,200 (plus tax), which represents a 40% discount from the retail price of $3,775 (plus tax). A low-cost, 12-month loan with no minimum credit score requirement is also available from Spring Bank. Delivery workers who choose this option can purchase their e-bike and make low monthly payments.
Location
New York City
Region
New York
Country
United States
Incentive Type
Discount Mechanism
Other electric bike rebates and tax credits avaiable in New York City
Low-interest loan
Equitable Commute Project
E-Bike Loan NYC provides access to sustainability micromobility through a low-cost e-bike loan for employees of participating employers. There is no minimum credit score requirement and no hidden costs. Additionally, employees can use their NYCID to sign up.
Other electric bike rebates and tax credits avaiable in New York
$1,100.00
Point-of-sale discount OR Post-purchase rebate
Ride Clean Rebate, Senate Bill S3080A
The New York State Senate Bill S3080A directs the New York State Energy Research and Development Authority (NYSERDA) to establish a Ride Clean Rebate Program to permit class one, class two, and class three bicycles with an electric assist, as defined in section 102-c of the Vehicle and Traffic Law, and electric scooters, as defined in section 114-e of the Vehicle and Traffic Law, to be eligible for a fifty percent rebate, with a maximum rebate amount of one thousand one hundred dollars ($1,100).
Low-interest loan
Equitable Commute Project
E-Bike Loan NYC provides access to sustainability micromobility through a low-cost e-bike loan for employees of participating employers. There is no minimum credit score requirement and no hidden costs. Additionally, employees can use their NYCID to sign up.
Point-of-sale discount
Equitable Commute Project
The E-Bike Loan NYC program provides access to sustainability micromobility through a low-cost e-bike loan for employees of participating employers. There is no minimum credit score requirement and an automated application process. There is one application fee and no hidden costs. Participants can also use their NYCID to sign up.
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