Schwarzenegger announces $1,500 rebate incentive for Zero Motorcycles

Zero Motorcycle, known as the global leader in the electric-motorcycle industry, today announced its new upcoming “Discover the Experience Tour” incentive that will be available to California residents.

Those living in California will be able to purchase the company”s Zero DS dual sport motorcycle and the Zero S at a prices of $7,945 after a $1,500 California Clean Vehicle Program rebate and ten percent federal tax credit.

“We could not be more thrilled to be the first electric motorcycle company approved for this rebate in the state of California,” said Gene Banman, CEO of Zero Motorcycles. “This new electric motorcycle rebate program is a result of hard work and dedication from the California Air Resources Board. It benefits everyone in the State of California from motorcycle enthusiasts to future generations who will breathe cleaner air.”

Those living in California will receive $1,500 off their purchase of a 2010 Zero S or Zero DS while funding for the program lasts, in addition to the ten percent federal tax credit

Governor Arnold Schwarzenegger was on hand at Zero Motorcycles” press event this morning and said: “Zero electric motorcycles are very important technology and this is great for California because this is an ideal place to ride motorcycles… I love the financial side of these motorcycles because they cost less then one cent per mile to operate and you get a 10% federal tax credit plus a California rebate of $1,500. That equates to a 25 percent price reduction making these electric motorcycles affordable for anybody. It’s part of our overall strategy to reduce our greenhouse gas emissions by 25 percent by the year 2020.”

– By: Kap Shah