It’s Time To Subsidize E-Bikes
My pal Clive Thompson, who is in the midst of a two-part bicycle ride across the United States and is writing a book on micromobility, thinks local, state, and federal governments should start offering substantial subsidies for e-bikes in order to help reduce car usage, decrease urban pollution, and to lower the cost of transportation for lower-income families.
The thing is, we should lean heavily into subsidies for electric bikes — now.
If Denver’s experience is any guide, it’d be a huge boon for town, cities, and even many suburbs. Ebikes can’t be used to replace all car travel, of course; but as folks who experiment with them discover, wow, you start leaving your car at home a lot. If towns and cities are smart about how they organize and issue these credits, they can also help lower-income families add much cheaper mobility to their transportation options. Denver found that low-income-qualified folks who bought ebikes rode them almost 50% more than other voucher-getters, probably because the ebike became, hands-down, their most affordable way to travel.
We’re also not talking about a ton of money here. Ebike subsidies are considerably cheaper than those for cars or solar arrays. Even a few hundred bucks of subsidy per e-bike could help drop the price down to something competitive with a regular pedal bike. If all three levels of government worked together — federal, state, and local — the US could find the money for an absolute ton of ebike support, I suspect. (We could also consider reallocating some of the estimated $20 billion in annual subsidies that US taxpayers currently hand out to oil and gas companies.)
Hear, hear. I recently bought an e-bike (more on that in a future post) and went online looking for local subsidies. Vermont had an e-bike incentive program that ran for barely two months in 2022:
The eBike Incentive Program launched July 21, 2022, but closed shortly afterwards on September 16, 2022 when the $105,000 authorized in program funding was exhausted. Vermont residents aged 16 or older were eligible on a first-come, first-served basis for up to $400 towards the purchase of an electric bicycle, with higher incentives for households and individuals with lower incomes.
Bummer. The local power company offers $200 rebates though, which is nice.
Update: Vermont just refreshed their incentive program with an additional $150,000 a few days ago. Huzzah! (thx, rintze)
Stay Connected