France to prioritize low-income families in EV subsidy distribution. President Macron announced more specific incentives for EVs. The updated plan would incentivize low-income households to facilitate the switch to electric transportation. France’s previous subsidy for EVs was €6,000. However, the new program has graduated subsidies.
There will be a €7,000 subsidy for low-income families and a €5,000 subsidy for everyone else. As the price of an electric vehicle like the Dacia Spring has increased by 11 per cent this year, the French government is expecting this would assist.
France to prioritize low-income families in EV subsidy distribution.
Low-income families may take advantage of a new “social leasing” program that allows them to lease one of many different types of electric vehicles for €100 per month. This plan isn’t accessible just now since it won’t be fully implemented until the second half of 2023. The French president has offered a comprehensive strategy, of which subsidies are only one component.
More electric vehicles will be made and assembled in France, as Renault Group and Stellantis have stated their intentions. Yet, domestic production and assembly of EVs have been deficient, with the vast bulk imported from outside. As of 2024, the Renault 5 will be the vanguard of the new age, followed by the second-generation Renault Scenic E-Tech.
France to prioritize low-income families in EV subsidy distribution.
Both models will be produced in Douai alongside the existing Megane E-Tech. Renault 4 and Kangoo E-Tech will be manufactured at Maubeuge starting next year. Stellaris CEO Carlos Tavares recently revealed that the French factory would increase production of electric vehicles from six to twelve models. Beginning in 2024, the Renault 5 will serve as the vanguard of the new age, followed by the second-generation Renault Scenic E-Tech.
Both models will be produced in Douai alongside the existing Megane E-Tech. Renault 4 and Kangoo E-Tech will be manufactured at Maubeuge starting next year. Stellaris CEO Carlos Tavares recently revealed that the French factory would increase production of electric vehicles from six to twelve models.
France to prioritize low-income families in EV subsidy distribution.
Sales of electric vehicles are expected to hit 10 million this year, and even if each one were subsidized by €6,000, the total cost would be less than €6 billion. Subsidizing electric vehicles would be just a fraction of the cost of subsidizing fossil fuels; giving away 10 million electric cars at an average cost of €35,000 would have cost €350 billion.
A crazy idea: let’s use the money set aside each year to subsidize fossil fuels to buy electric automobiles. This would allow us to provide free of charge 155,000,000 electric vehicles annually. That’s a plan to preserve the planet, for sure. Additionally, I have no plans to superglue myself to the pavement or ruin any artwork by dumping tomato soup on it. That’s a terrible use of the soup we’ve already made.
