French Government Prioritizes Low Income Families For Electric Vehicle Subsidies, Wants More Locally-Produced EVs | Carscoops carscoops
subsidies, prioritizing lower-income households that want to step into the electric era.
More specifically, EV subsidies for lower-income families in France will rise to €7,000 and fall to €5,000 for all other buyers, instead of the standard €6,000 that currently applies to all EV buyers. This change will help sustain the prices of electric models amidst the rising costs of raw materials like cobalt, lithium, and nickel.
Additionally, low-income families will soon have access to a new “social leasing” program, allowing them to lease an EV for as low as €100 per month. Pre-orders for the cheap leasing will start in the second half of 2023, with the first deliveries scheduled for early 2024., Macron said: “We have an industrial strategy in place for people to buy more and more French cars”.
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