Receive a report and hold a discussion regarding Fiscal Year 2025-2026 Quarter 1 incentive programs activity and updates.

This report details the activity and updates for the City of Denton's Sustainability Framework Fund incentive programs for Fiscal Year 2025-2026 Quarter 1. The city offers rebates for Electric Vehicles, E-Bikes, and Electric Lawn Equipment.

Fiscal Year 2024-2025 Results:

• Electric Vehicle: $150,000 funded, 98 approved applications, $98,000 paid (65% expended).
• E-Bike: $100,000 funded, 101 approved applications, $61,485 paid (61% expended).
• Electric Lawn Equipment Pilot: $50,000 funded, 361 approved applications, $58,062 paid (116% expended).

Fiscal Year 2025-2026 Quarter 1 Results:

• Electric Vehicle: $150,000 funded, 17 approved applications, $17,000 paid (11% expended). Applications are slow, with many approved vehicles purchased before federal incentives expired.
• E-Bike: $100,000 funded, 49 approved applications, $27,094 paid (27% expended). The average rebate and purchase price have decreased.
• Electric Lawn Equipment: $100,000 funded, 108 approved applications, $15,144 paid (15% expended). Applications are steady and expected to increase.

Future Considerations: Staff will explore the feasibility of a low-income E-Bike program and investigate voucher systems as an alternative or supplement to rebates, potentially in coordination with the City of Dallas's planned voucher program.