France state

France subsidizes electric vehicle rentals so you only pay 100 euros/month

Following President Emmanuel Macron’s re-election in France this year, he has begun to deliver on a promise he made during his campaign to make electric vehicles more affordable. The government is said to be determining how quickly it can roll out a new measure that would make leases for certain electric vehicles available to the French for just 100 euros a month.

During his last election campaign, Emmanuel Macron promised a future in France that included a state-sponsored leasing program for low-income households who cannot afford electric vehicles, even with current subsidies or future.

The French government is currently offering subsidies of up to 6,000 euros for the purchase of an electric vehicle priced below 47,000 euros. There is also the potential for further government assistance under a take-back program to remove older petrol vehicles from the streets of France.

According Automotive News Europe, 12% of new car sales in France were fully electric in the first seven months of 2022. Yet the prospect of buying or leasing an EV remains out of reach for many in France. At least until now.

On ‘free’ television this weekend, France’s Budget Minister Gabriel Attal said the government was preparing a plan to subsidize the rental of electric vehicles that will make all-electric models available for just 100 euros ($100) per month. Attal went on to say that 100 euros is less than what most French drivers currently spend on petrol each month.

Finally, Attal said the French government is currently determining how quickly the new affordable rental measure can be rolled out based on the availability of eligible electric vehicles.

No specific model has been mentioned under the electric vehicle rental subsidies, but several current rental contracts in France for smaller electric vehicles already cost between 100 and 200 euros per month and could be valid candidates. This includes electric vehicles like the Renault Twingo (seen above) or the new electric Fiat 500.

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