Scotland: further funding for interest free e-bike loans

12.04 | 3 January 2020 | | 1 comment

The Scottish Government has pledged an additional £700,000 to support people with the costs of purchasing an e-bike.

The interest free loan, delivered by the Energy Saving Trust on behalf of Transport Scotland, offers up to £6,000 with a repayment period of up to four years.

The loan can be used to support up to two e-bikes (capped at £3,000 each), one family e-cargo bike (capped at £6,000) or one adaptive e-bike (capped at £6,000).

Michael Matheson, cabinet secretary for transport, said:“E-bikes are helping people right across the country to reconnect with cycling.

“The continued advances in technology mean that e-bikes provide a fun, exciting and more sustainable alternative to single-occupancy car journeys.

“They can extend the range people can typically travel by bike and offer adjustable support for when we encounter headwinds or hills here in Scotland.”

Since the scheme was launched in 2018, the fund has facilitated the purchase of over 740 e-bikes across Scotland.

Tim Anderson, head of transport at the Energy Saving Trust, said: “The additional £700,000 of loan funding will enable even more people to access the assisted cycling offered by e-bikes.

“The interest free loan supports the spread of the cost of the initial purchase, while e-bikes are becoming an increasingly popular option for sustainable and active travel.”


 

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    How will an electric bicycle help with burning off those deep fried calories? They just increase your carbon footprint in the whole manufacturing process, making the batteries, charging them up, replacing them once they fail prematurely and then leaving the bicycle in the garage.


    Leslie Graylin, Thorpness
    Agree (16) | Disagree (4)
    +12

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