Trading clunkers for electric bikes: France moves to offer financial incentive


FILE PHOTO: A woman rides an electric bike in Paris, France, June 14, 2020. REUTERS/Benoit Tessier/File Photo

PARIS (Reuters) - France is offering the owners of old, exhaust-belching cars the opportunity to hand over their vehicles for scrap in return for a 2,500 euro ($2,975.00) grant to buy an electric bicycle.

Lawmakers in the National Assembly have just approved the measure in a preliminary vote. It was an amendment to a draft climate bill passing through parliament that aims to reduce greenhouse emissions by 40% in 2030 from 1990 levels.

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