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

This bill requires New Jersey's Board of Public Utilities (BPU) to create a rebate program for residents purchasing new low-speed electric bicycles meeting specific safety standards (ANSI/CAN/UL 2849). Rebates cover up to $2,000 or 50% of the bike's price (minimum $1,000 purchase), but only for in-person purchases made by New Jersey residents. The program, funded by $1 million from an existing societal benefits charge, aims to reduce vehicle emissions by encouraging e-bike use for short trips. The BPU will determine eligible bike types, application processes, and additional program requirements.