A3925

New Jersey A3925 mandates the Board of Public Utilities to create a rebate program for residents purchasing eligible low-speed electric bicycles.

New Jersey A3925 directs the Board of Public Utilities to establish a rebate program for residents purchasing eligible low-speed electric bicycles. The Board will determine the types and brands of eligible bicycles, the application process, and other necessary requirements. The rebate amount can be up to $2,000, but not more than 50% of the bicycle's purchase price. The program aims to reduce vehicle emissions by encouraging the use of electric bicycles for short trips. The Board must use $1 million from the societal benefits charge to fund the program.