August 16, 2022 - Effective Aug. 15 the French Ministry of Transport unveiled a new €5 Million cycling subsidy program that sees €400 for the purchase of new e-bikes and up to €2,000 for e-cargo Bikes. The rebates cannot exceed 40% of the retail value.
The program includes up to €3,000 per household for the purchase of a new or used e-bikes for all family members in exchange for scrapping a polluting vehicle.
“In a context of rising energy prices, the Government is stepping up its support for the purchase of mechanical and electric cycles and encouraging the use of bicycles, which constitute a cleaner and more economical mode of transport. The decree published today provides for the reinforcement of the ecological bonus and the conversion bonus for the acquisition of a bicycle,” reads the official release.
Pundits support the program but note that at the same time these subsidies were approved, the government also created a €4Bn package for car users including a €0.30 subsidy on fossil fuels.
“We still have plenty of work ahead of us,” commented Thibault Quéré at FUB (Fédération française des Usagers de la Bicyclette) – read their release here.
Read the official Ministry of Transport release here.
