Electric Vehicles: France will soon be allow its Citizen to lease electric vehicles at $100 per month

A programme to lease subsidised electric vehicles is being developed in France, and locals may be able to do so for as little as $100 a month. Budget Minister Gabriel…

By Nivedita Bangari

September 3, 2022

2 min read

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A programme to lease subsidised electric vehicles is being developed in France, and locals may be able to do so for as little as $100 a month. Budget Minister Gabriel Attal recently stated on television that the 100 euro aim is less than what many individuals spend on gas each month.

President Emmanuel Macron vowed to lower the cost of electric automobiles for low-income families as part of his reelection campaign. Although the French government already provides subsidies for EV purchases (up to 6,000 euros for an EV priced under 47,000 euros), critics claim that many potential purchasers still cannot afford them.

According to Bloomberg, the government is figuring out how quickly to implement the scheme and how many EVs will be offered for lease. Since the full details were not provided, it is unknown if the programme would be set up similarly to a conventional vehicle lease, complete with a down payment, mileage limitations, and other restrictions.

According to Bloomberg, it’s estimated that through the first seven months of 2022, 12% of new automobile sales in France were electric vehicles.

American interest has also been very high. In just 12 minutes in January, Chevrolet sold out of its brand-new Silverado EV. Ford recently debuted an all-electric F-150 Lightning pickup truck for police use, while GM and Honda announced intentions to co-develop EVs in April. Dodge only recently gave a sneak peek at its Charger Daytona SRT Concept.

Tesla shipped 254,695 vehicles in the most recent quarter, up 26% from the same period last year. Production was however impeded by parts shortages and China-related shutdowns connected to COVID.

A plan to prohibit the sale of new internal combustion engine automobiles by 2035 was just authorised by California regulators in related news. By 2026, the regulation requires that 35% of new passenger automobiles and light trucks sold in California be electric or emissions-free. By 2030, the goal will increase to 68 percent, and by 2035, it will be attained.

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