194 million discounted Electric bicycles for the price of fuel subsidies
European governments have already earmarked €16 billion for fuel tax cuts (price reductions at the pump)
For the same cost, 194 million discounted electric hybrid bicycles , 300 million monthly public transport passes, 5.3 billion bike sharing trips or 4.2 billion e-scooter trips could be funded
- Unlike fuel tax cuts, these measures effectively cut oil consumption while providing affordable and climate-friendly transport alternatives
Hundreds of millions of EU citizens could see a rapid cut in their consumption of Russian oil if governments shifted the €16 billion currently earmarked for fuel tax cuts – public money to lower the cost of fuel – towards clean transport alternatives.