France To Provide $2,975, Exchange Your Old Car With Electric Bicycle

To promote sustainable means of transport, France is likely to give $2,975 to its citizens in exchange for old cars and purchase electric bicycles. Reportedly, France lawmakers have approved the cash-for-clunkers incentive in preliminary voting. France would become the first nation in the world to implement such a scheme, claimed the French Federation of Bicycle Users. However, Finland and Lithuania have offered similar schemes in the past.