May 9, 2024 - On April 1, Colorado launched the USA’s first statewide e-bike tax credit. All residents received a $450 point-of- sale instant discount on the purchase of an e-bike from participating retailers, who will also receive $50 per qualifying e-bike purchase as an incentive for offering the discount.

The e-bike tax credit discount follows the successful completion of the statewide, income-qualified e-bike rebate program held Aug. 2023 to Feb. 2024, which resulted in 5,557 new e-bike purchases. The initiative was so popular that $6.6 million in funding was exhausted months earlier than planned.

“Transportation is the leading source of greenhouse gas pollution, and we’re excited to launch this tax credit, as e-bikes are a very popular zero- emission option to achieve our pollution reduction goals,” said Colorado Energy Office’s Executive Director Will Toor. The state of Colorado tax credit discount will be available through to 2032.