French Manufacturers Urged to “Accelerate” to Receive Increased State Subsidies for Social Leasing

The French government is considering subsidizing more electric vehicles after receiving an overwhelming 90,000 requests for the “social leasing” system. This system, known as LOA, allows people to get an electric car for less than 100 euros per month. It is reserved for the most modest French people and heavy rollers. However, in order to make this happen, French manufacturers must “accelerate the pace” of production, according to Roland Lescure, Minister of Industry and Energy.

There is great demand for electric vehicles in France, but not enough products made in the country to meet that demand. Therefore, the government is considering financing “50,000 cars” instead of the initial 25,000. Lescure emphasized that only vehicles built in France or Europe are eligible for this subsidy. The State will finance each rental up to a maximum of 13,000 euros.

Christophe Béchu, Minister of Ecological Transition assured that the government was working with car manufacturers to increase the number of available vehicles. However, due to strong demand from applicants who want an electric vehicle through social leasing system at lower cost than traditional purchase or leasing options , it may take a little longer before they can receive their car . Fortunately , French manufacturers have planned to launch several electric models in the coming months .

The “social leasing” system currently reserves rentals for French people with an income less than 15,400 euros per year and who drive more than 8,

By Editor

Leave a Reply