By Cat DiStasio / Source: Inhabitat


Getting a green vehicle in France could bank you some greenbacks, provided you have an old gas guzzler to exchange. France is implementing a new initiative to financially compensate car owners who trade in a diesel vehicle, aged 13 years or more, for a fully electric vehicle or a plug-in hybrid. The campaign comes from the Ministry of Ecology, Sustainable Development and Energy, and seeks to target older cars, which are responsible for a disproportionate percentage of greenhouse gas emissions.

The bonus, or what the French government is calling the “conversion premium,” is available to any individual in the nation who trades in an old clunker for a vehicle that runs on clean energy. The dollar amount depends on the type of vehicle purchased, and ranges up to €10,000 ($11,321.47 at today’s exchange rate) if a fully electric vehicle is selected, or up to €6,500 ($7,358.37) for a plug-in hybrid. If the old car is replaced with a vehicle that meets Euro 6 specifications and emits less than 110 gCO2/km, there’s an additional €500 ($565.64) incentive for non-taxable households. This incentive plan is the brainchild of former presidential candidate Ségolène Royal, who is now head of Ministry of Ecology, Sustainable Development and Energy.

Read more @ Inhabitat