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Paris to offer subsidies to those who buy bikes, give up cars

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Paris to offer subsidies to those who buy bikes, give up cars

Paris will offer its residents tax incentives to give up their cars or buy electric bikes, according to a press release.

Anyone who purchases an e-bike or upgrades a conventional bike with an electrical assist will receive up to €400 ($495) and those who purchase both electric and conventional cargo bikes will receive up to €600 ($744). The city will also offer €600 for residents who get rid of their personal cars, and a €50 credit to any license-holding resident hoping to join the city's bike-share program.

Bicycling.com notes the subsidies were introduced after Paris Mayor Anne Hidalgo called on the city to ban diesel cars by 2024 and gas-powered cars by 2030. The city wants to reduce pollution and congestion, with the former subject to legal action last year.

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