This country let old, polluting cars be exchanged for e-bikes. And it's a hit

The worth of subsidy on old cars are often far more than what one would get if he or she chooses to sell it.The added benefit of owning a new e-bike h
...
File photo used for representational purpose.
File photo used for representational purpose.

Bring in your car, ride out on a bike. It may not seem like a great deal but wait till you get the full picture. In a bid to take old and polluting cars off its roads, Lithuania had started a program which allowed citizens to drive in their old vehicles and trade these for new e-bikes. Developed by the country's Environmental Project Management Agency (APVA), it has been lapped up by people at large and has seen benefits on multiple fronts - from making economic sense to being a boon for the environment.

Launched earlier in 2020, the program offers a subsidy of up to $1,200 on new e-bikes if the buyer chooses to exchange his or her old car. The subsidy covers e-bicycles, e-scooters, e-motorcycles, e-moped and more, according to this report.

Also check these Vehicles

Find more Cars
Hyundai Kona Electric 2024 (HT Auto photo)
UPCOMING
BatteryCapacity Icon64.8 kWh Range Icon418 Km
₹ 25 Lakhs
Alert Me When Launched
Hyundai Kona Electric (HT Auto photo)
BatteryCapacity Icon39.2 kWh Range Icon452 km
₹ 23.79 - 23.98 Lakhs
Compare
View Offers
Mg 4 Ev (HT Auto photo)
UPCOMING
BatteryCapacity Icon64kWh Range Icon350 km
₹ 30 - 32 Lakhs
Alert Me When Launched
Tata Sierra Ev (HT Auto photo)
UPCOMING
BatteryCapacity Icon69 kWh Range Icon420 Km
₹ 25 - 30 Lakhs
Alert Me When Launched
Tata Harrier Ev (HT Auto photo)
UPCOMING
BatteryCapacity Icon50 kWh Range Icon400 Km
₹ 22 - 25 Lakhs
Alert Me When Launched
Honda Elevate Ev (HT Auto photo)
UPCOMING
₹ 18 Lakhs
Alert Me When Launched

Don't want to make a new purchase? No problem. The scheme also offers public transportation credits if one chooses to give in an old vehicle.

A wide range of e-two-wheeler options are fast becoming popular within city limits. (File photo used for representational purpose)
A wide range of e-two-wheeler options are fast becoming popular within city limits. (File photo used for representational purpose)

One of the many reasons why this program has been a massive hit in the country is because many of these old vehicles being driven in are valued at less than $1,200 if sold off separately. As such, it makes sense to trade them in for not just a better (indirect) value on them but to also have a completely new e-bike that would be cheaper to run, far less expensive to maintain and environment friendly. Add to this the low cost of insurance and the significantly lower road space such two-wheelers take when compared to cars and the merits just keep adding on.

According to the country's national news broadcaster LRT, more than 8,500 people have already signed in for the trade-in program and that this figure is beyond what government officials had initially expected. Plans are reportedly afoot to strengthen this program to further convince people to take their bulky old vehicles off the country's roads.

Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape.

First Published Date: 02 Nov 2020, 09:18 AM IST
NEXT ARTICLE BEGINS

Check Latest Offers

Please provide your details to get Personalized Offers

Choose city
+91 | Choose city
Choose city
Select a dealer

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.