Province launching bike and e-bike incentives

The Provincial Government is launching the bike and e-bike incentives to which the government committed during the spring sitting of the PEI Legislature.  It says the bike rebate is an instant rebate offered to Islanders purchasing a bicycle within the province from a participating retailer. The rebate of up to $100 will be offered on bicycles with a retail price of up to $2000 (before tax). There will be a price floor of $50, which means the bike cannot be sold for a sticker price of less than $50 after the rebate has been applied. The rebate is issued at the point of sale and it’s available retroactively to those who have purchased a bike from a participating retailer on or after April 1st.  The e-bike incentive is offering Islanders and PEI organizations a $500 rebate for those who purchase an e-bike. Some retailers will be offering a point of sale incentive for e-bikes.