Bicycle rebate program officially launches on P.E.I.
Islanders eligible to receive up to $100 off the purchase of new bikes
The bicycle rebate program announced in the 2022 budget in February has officially launched on P.E.I.
A rebate of up to $100 will be offered on new bicycles with a retail price up to $2,000. The rebate is issued at the point of sale. The bike rebate is available retroactively to those who have purchased a bike from a participating retailer on or after April 1, 2022.
Brett Doyle of Outer Limit Sports said the retroactive rebate will be a pleasant surprise to some.
"I think there was a lot of customers that were waiting and waiting and just got tired of waiting and pulled the trigger and bought a bike in hopes, but not knowing for sure that they would get that hundred dollars," said Doyle.
"We know for sure there were customers like that so there's a lot of happy customers that are going to wind up getting that hundred dollars that have already purchased bikes."
The $100 rebate was enough motivation for Betty Anne Younker to purchase a bicycle on Thursday.
"I found a bike. I liked it. $100 rebate. It's a win-win situation, so go for it," she said.
"I got a kick stand, racks, mirror. So some of that is paid off from the rebate, so it's good."
P.E.I. residents can also receive a $500 rebate on the purchase of a power assisted bicycle, or e-bike.
Participating retailers for the bicycle rebate include:
- Home Hardware stores in Charlottetown, Souris, Alberton, O'Leary and Tignish
- Stewart & Beck's Home Building Centre
- Discounters in Stratford, Charlottetown, Montague and Summerside
- Leisure Moment Bikes and Accessories Inc.
- Outer Limit Sports
Other retailers will be joining soon, according to the province. The most up-to-date list can be found at www.princeedwardisland.ca/bikerebate
Retailers offering point of sale rebate for e-bikes include:
- Red Rock Motor Sports
- ALL EV
- Dennis Motor Sports
- Rising Tide EV Inc.
With files from Brian Higgins