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

France Increases Subsidies for Electric Cars and Reveals New “Social Leasing” System in Response to Overwhelming Demand.

The government is considering increasing its subsidies for 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. However, in order to make this happen, French manufacturers must speed up production.

The Minister of Industry and Energy, Roland Lescure, stated that there is a great demand for electric vehicles but not enough products made in France to meet it. He emphasized that only vehicles built in France or Europe are eligible for this subsidy. The government is currently considering financing 50,000 cars instead of the initial 25,000.

Lescure also noted that this will be done at a pace that ensures that cars made in China do not dominate the French automobile fleet. In response to the strong demand, Christophe Béchu, the Minister of Ecological Transition, assured that the government was working with car manufacturers to increase the number of available vehicles.

The “social leasing” system is currently reserved for French people with an income 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. The rental is planned for three years and renewable once. The State will finance each rental up to a maximum of 13,000 euros.

Leave a Reply

The Ukraine aid package has been approved by the US Senate Previous post Senate Approves $95 Billion Foreign Aid Package, But Uncertainty Surrounds Its Passage in House
Cocaine discovered in needles and syringes of drug addicts: Investigating new methods of drug use Next post Croatian Public Health Lab Focuses on Drug Market Analysis as Browning Arms Shop Offers Firearm Selection for Sale