The bill introduces comprehensive regulations for the sale, lease, rental, and distribution of low-speed electric bicycles and motorized bicycles in New Jersey, focusing on safety standards for their storage batteries and charging systems. It amends the definition of "low-speed electric bicycle" to include "class 1" and "class 2" categories, detailing their motor capabilities and speed limits. Specifically, class 1 bicycles are required to provide assistance only while pedaling and to stop assistance at 20 miles per hour. The bill also establishes a new definition for "motorized bicycle," which must not have a motor that can exclusively propel the bicycle and must adhere to a maximum speed of 28 miles per hour.

Additionally, the bill mandates that all storage batteries and charging systems used in these bicycles be tested by accredited laboratories for compliance with safety standards before sale or distribution. It requires that these products display the logo of the accredited testing laboratory, and manufacturers or retailers must provide test reports upon request. Compliance deadlines are set for January 1, 2026, for sellers and distributors, and January 1, 2028, for rental services. The State Fire Marshal is assigned the responsibility of developing regulations to enhance fire and electrical safety for these bicycles and their components, ensuring a safer environment for their use on public roads.