Governor Polis, Colorado Energy Office Launch Nation’s First Electric Bicycle Tax Credit

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Denver - Monday, Apr. 1, 2024 - Today, Governor Polis and the Colorado Energy Office (CEO) celebrated the launch of the nation's first statewide electric bicycle tax credit. Colorado residents are now eligible to save up to $450 off their e-bike purchase, meaning less traffic and less pollution for Coloradans. The e-bike tax credit reflects Colorado's bold climate goals while promoting sustainable communities for future generations.

“This e-bike tax credit builds Colorado’s nation-leading work to reduce pollution and traffic, save people money and protect our environment. This will help Colorado reach our bold climate goals, invest in future generations, and expand access to clean transportation options now,” said Governor Jared Polis.

Starting today, April 1, Colorado residents will be eligible to receive the e-bike tax credit, at any qualifying retailer. Coloradans can visit the E-Bike Tax Credit webpage for more information on how it works.

“Whether it’s picking up groceries or making sure you get to work, e-bikes are a great way for so many Coloradans to not only make their everyday short commutes but also save money and help lower greenhouse gas emissions,” said Colorado Energy Office Executive Director Will Toor. “We look forward to implementing and building this rebate program over the next several years and believe it will be an important part of our overall climate work.”

The e-bike tax credit is a result of HB23-1272, sponsored by Senators Lisa Cutter and Steve Fenberg and Representatives Mike Weissman and Junie Joseph.

"With the new statewide tax credit, transitioning to an electric bike has never been easier or more affordable in Colorado. From transporting kids or cargo to tackling uphill commutes, e-bikes offer a fun and healthy travel option," said Alex Simon, Public Health Advocate with CoPIRG.