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France to give €4,000 to people trading in their car for e-bike

The move that offers up to €4,000 for people replacing their cars with e-bikes comes in a bid to incentivize people to replace the modes of transportation that cause pollution with cleaner alternatives.

A News TECH
Published August 24,2022
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France is now going to be giving up to €4,000 per person who would trade in their cars for electric bikes, The Times reported.

The move comes in a bid to incentivize people to replace the modes of transportation that cause pollution with cleaner alternatives.

People living in low-income households in urban zones will be eligible for the full €4,000 subsidy for getting an e-bike instead of their cars, while the citizens from higher income brackets would be able to claim smaller subsidies.

Additionally, traditional and non-motorized bikes will also be able to qualify for the incentive.

The French government said that, compared with only 3 percent now, it wants 9 percent of the country to switch to bike by 2024, with the aim of catching up to other bike-loving rivals such as Netherlands, Denmark and Germany.

The French policy is modeled on another very successful program in Lithuania where citizens qualify for a subsidy of up to €1,000 for exchanging old vehicles and purchasing new electric vehicles and even for public transportation credits.

France is also investing to make Paris entirely bikeable with bike-safe pathways and other projects.