Directs BPU to establish rebate program for purchase of electric bicycles.*

This bill directs New Jersey's Board of Public Utilities (BPU) to create a rebate program for eligible electric bicycles, targeting residents in municipalities with over 70,000 people. It provides up to $2,000 per bike (capped at the purchase price) paid in two installments: 50% upon application approval and 50% after one year of continued use and ownership. The program aims to reduce vehicle emissions by encouraging short-distance electric bike trips in urban areas, using $250,000 in state funds. BPU will determine eligible bike types, application processes, and program rules to meet this goal.