POLITICS & INSTITUTIONS - ECONOMY

Over 2,500 bike subsidies in 8 months



New subsidies launched in 2019 offer private citizens a grant for the purchase of a bicycle or electric assistance bicycle Shutterstock

New subsidies launched in 2019 offer private citizens a grant for the purchase of a bicycle or electric assistance bicycle Shutterstock

The Luxembourg state issued 2,509 subsidies for the purchase of new bicycles from January to the end of August 2019.

New subsidies entered into force at the start of 2019 entitling private citizens to a grant for the purchase of a bicycle or electric assistance bicycle. The grant represents 25% of the cost of purchase excluding VAT up to a ceiling of €300. The subsidy can only be granted once, per person aged over 18, per five-year period. Electric scooters, hoverboards and solowheels did not fall within the scope of the grant, which expires at the end of 2019.

In a joint response to a parliamentary question, environment minister Carole Dieschbourg (déi gréng) and finance minister Pierre Gramegna (DP) explained that the delay for handling applications was six weeks.

In previous years, the government offered a tax deduction to individuals for purchasing bicycles. In 2017, it made 4,085 deductions while in 2018, the number fell to 1,878.

In 2019, the state also offered a grant for the purchase of 100% electric, plug-in hybrid or hydrogen-powered vehicles ranging from €2,500 to €5,000.