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French Manufacturers’ Acceleration in Production Could Lead to Increased State Subsidies for Social Leasing Vehicles

ByEditor

Feb 11, 2024

The State is ready to subsidize more than the 25,000 electric vehicles initially planned via the “social leasing” system, but for this to happen French manufacturers must “accelerate the pace” of production, urged the Minister of Industry and Energy Roland Lescure on Sunday.

More than 90,000 people had already requested at the end of January to benefit from an electric car for less than 100 euros per month for city cars and 150 euros for family cars (excluding insurance and maintenance) as part of this rental system with an option of The purchase (LOA) launched in December, reserved for the moment for the most modest French people and heavy rollers.

“Today, there is great demand and we do not yet have enough products made in France. This means that French manufacturers must accelerate the pace or commit to doing so,” Roland Lescure declared.

Asked whether the State is ready to finance “50,000 cars” instead of 25,000, Roland Lescure replied “we will do it, but we will do it while ensuring a good pace”, because the goal t is not to electrify the French automobile fleet with cars “made in China”.

French manufacturers are due to launch several electric models in the coming months, such as the Renault 5.

This “social leasing” is currently reserved for French people whose reference tax income is less than 15,400 euros, who drive more than 8,000 km per year or live more than 15 km from their place of work. Without initial contribution, the rental is planned for three years, renewable once. The State finances each rental up to a maximum of 13,000 euros.

By Editor

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