CalBike proposes $500 rebate for buying a ‘utilitarian’ bike

By Lynette Carpiet

SACRAMENTO, Calif. (BRAIN) — The California Bicycle Coalition is seeking $10 million in state funding for what would be a groundbreaking program: giving consumers rebates for buying bikes.

Under CalBike’s proposal, Californians would be eligible for rebates of up to 50 percent — to a maximum of $500 — of the cost of buying a “high-quality utilitarian bicycle,” which would include conventional bikes as well as electric, cargo and folding bikes. The “utilitarian” label is …read more

Via:: Bicycle Retailer and Industry News