Electric car at 100 euros per month: objective “exceeded”, the State will end the 2024 edition

Electric car at 100 euros per month: objective “exceeded”, the State will end the 2024 edition


Social leasing has kept its promises. The initial objective was even “exceeded”, indicated this Monday the Élysée, which announced the end of the 2024 edition of this system.

With more than 50,000 orders to be fulfilled, the quota will go well beyond the planned 20,000 to 25,000 vehicles. The decree putting an end to this edition must a priori be published on Tuesday, but the operation will restart at the end of 2024 for the year 2025, specified the presidency, confirming information from Les Échos.

For cars built in France or Europe

“Social leasing”, launched in December by President Emmanuel Macron, is a rental with purchase option (LOA) system at less than 100 euros per month for city dwellers, and 150 euros for family cars (excluding insurance and maintenance ), reserved for people whose reference tax income is less than 15,400 euros, and drive more than 8,000 km per year or live more than 15 km from their place of work. Only vehicles built in France or Europe are eligible for this bonus.

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.

The government had initially mentioned a quota of 20,000 to 25,000 cars for 2024, depending on the vehicles available, promising to ramp up in the following years. But the offer was immediately a victim of its success.

VIDEO. Emmanuel Macron launches the electric car at 100 euros per month for the most modest

“With this first wave we have achieved our objectives and even exceeded all our expectations,” said an advisor to the Head of State. “Of the 100,000 vehicles normally purchased each year by French people eligible for leasing, this year 50,000 will be electric. It’s a real success emblematic of French ecology, good for the wallet and for the planet,” he said.

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This news article has been translated from the original language to English by WorldsNewsNow.com.

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