France has suspended its EV leasing scheme for low-income households just six weeks after it started, due to too excessive demand. In less than two months, more than 50,000 leasing contracts have been agreed, twice what the government had planned for the whole year. As a result, the program was put on hold for 2024 and will only resume next year. The government also decided to cut the bonus for wealthier households by 20% in a bid to not exceed the original EV subsidy budget.

French EV leasing scheme explained

What is it? An EV leasing for EUR100/month for an EV, up to EUR150/month for a family car, for at least 3 years (with a maximum funding of EUR13,000 per lease).

Who can get it? People earning less than…

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