For the final time this year, Denver is offering vouchers for its electric bike purchase rebate program, a two-year-old initiative that had helped more lower income residents with mobility, recent data shows.

Denver’s e-bike program was created in April 2022. It is designed to provide residents affordable and sustainable transportation opportunities in what is a renowned bike-friendly city.

Tuesday is the fifth and final day of 2024 residents can sign up for the program. Since it began, the city has invested $8.6 million into the e-bike program.

The effort has notably aided lower income residents.

To date, 64% of e-bike vouchers were claimed by lower income, moderate income residents or adaptive use purposes, the city’s Climate Action, Sustainability & Resiliency department revealed in a news release on Monday.

In the past two years of the e-bike program, 45% of discounted rebate vouchers were claimed by income-qualified residents earning under the 60% area median income line, e-bike program data from the city shows. Since the program is only offered to Denver residents, a resident under 60% would be earning less than $52,140, according to data.

Qualified low-income Denver residents can receive up to $1,400 on a rebate. Qualified moderate income residents can receive up to $900 on their vouchers.

Standard e-bike vouchers are issued for roughly half that amount.

With the standard e-bike voucher, residents can save up to $300 off an e-bike or $500 off an e-cargo bike.

Throughout the e-bike programs tenure, 9,169 e-bike vouchers have been redeemed. Of that, 46% of vouchers purchased e-cargo bikes, 53% were standard e-bikes and less than 1% were adaptive e-bikes, according to the city.

Of the total, 4,138 vouchers were claimed by lower income residents, while 4,319 standard vouchers were redeemed.

The rebate voucher is used at a number of participating bike shops across Denver.

Every other month, Denver offers a limited number of e-bike vouchers. Denver residents can sign up for e-bike discount vouchers when rebates open online at 11 a.m. Vouchers are provided on a first come, first serve basis online — and they run out fast.

“After tomorrow’s final release, Denver’s Office of Climate Action, Sustainability and Resiliency will review data and feedback on this year’s program,” city officials said in a statement. “Any announcements around a 2025 e-bike program will be made in early 2025.”