California launches statewide e-bike voucher program
The incentive will offer eligible Californians $2,000 towards the purchase of the new electric bike
FOX Business Flash top headlines for December 11
Check out what's clicking on FoxBusiness.com.
California is launching a new incentive statewide offering income-eligible Californians $2,000 toward the purchase of a new electric bike.
This new incentive is the state's latest attempt to expand access to zero-emissions transportation options to "residents who need the boost the most," according to a statement from the California Air Resources Board (CARB).
In September, California launched a new income-based grant and loan assistance program to help with the purchase of clean vehicles. A recently approved funding plan focuses incentive resources on supporting small businesses with the switch to cleaner technology for their fleets.
An e-bike sits at the corner of a busy intersection. (Leonardo Munoz/VIEWpress via Getty Images / Getty Images)
The e-bike project is a collaboration with more than 20 community-based organizations and once approved, applicants can redeem the voucher after watching a rider safety video. The first launch will help provide $3 million to fund up to 1,500 e-bikes.
"By using e-bikes, people can get around and meet everyday needs while improving air quality," said Dr. Steven Cliff, CARB’s Executive Officer. "Prioritizing equity and access is key as we work to achieve our zero-emissions goals, and this incentive program will support those efforts by helping e-bikes be part of the solution."
The proposal comes shortly after state regulators approved policy for tougher standards for reining in climate emissions, a move that also threatens higher gas prices.
Drivers travel on Interstate 80 in Berkeley, California, on March 29. (Justin Sullivan/Getty Images / Getty Images)
CALIFORNIA TAXPAYERS PAYING NEARLY $20M FOR WIRELESS ELECTRIC CHARGING PROJECT AT UCLA
CARB Chair Liane Randolph said the new policy "strikes a balance between reducing the environmental and health impacts of transportation fuel used in California and ensuring that low-carbon options are available as the state continues to work toward a zero-emissions future."
California’s nonpartisan Legislative Analyst’s Office has forecast that drivers could be paying up to 20 cents per gallon should the board approve the new plans. Republican Assemblyman Tom Lackey has warned that gas prices would increase by as much as 65 cents per gallon.
A driver plugs in a Tesla electric vehicle to charge at a Tesla Supercharger location in Santa Monica, California, on May 15. (Patrick T. Fallon/AFP via Getty Images / Getty Images)
GET FOX BUSINESS ON THE GO BY CLICKING HERE
To be eligible, applicants have to meet certain criteria such as living in a home with an annual household income at or below 300% Federal Poverty Level.
They must be state residents and be 18 years or older.
Applications will be accepted on the website beginning at 6 p.m. on Dec. 18 and will be processed in the order received until vouchers are exhausted, according to CARB.