Electric Power-Assisted Bicycle Rebate Program; created.

E-bike rebate program. Creates the ElectricPower-Assisted Bicycle Rebate Program for the purchase of new electricpower-assisted bicycles, as defined in the bill, to be administeredby the Department of Energy. Under the bill, a purchaser of a newelectric power-assisted bicycle would receive a $500 rebate appliedtoward payment for the purchase, and a purchaser with an annual householdincome that does not exceed 300 percent of the federal poverty levelwould be entitled to an additional $600 rebate for a new electricpower-assisted bicycle. The bill provides for both rebates beginningJanuary 1, 2025. Additional rebates are provided for in amounts of(i) up to $100 for related equipment, (ii) $300 for an electric power-assistedbicycle designed for carrying cargo, defined in the bill, and (iii)$250 for an adaptive electric power-assisted bicycle, also definedin the bill.