Electric car for €100/month: a targeted offer?

The measure mentioned by President Emmanuel Macron is expected to be announced this month. But will it bring real progress?

For several months, the government has been discussing with representatives of various dealerships and manufacturers. However, no significant progress has been made. That is why the President of the Republic might address the issue on July 14th, during his next speech.

Controversy over eligible individuals

According to a source close to the newspaper Les Echos, the government would have chosen to target individuals with an annual taxable income of 14,000 euros. However, some market actors support increasing the threshold to 19,000 euros. A possible expansion, similar to the conversion bonus, which can go up to 7,000 euros for electric vehicles.

What duration for leasing?

The offer would therefore be through leasing, with participation from some long-term rental companies. According to Les Échos, the General Directorate for Energy and Climate (DGEC) would like “actors to work on leasing hypotheses ranging from 2 to 5 years”. This is not the only condition; the mileage would be between 10,000 km and 15,000 km annually.

There is still a problem with this offer

Since the President announced plans to implement this measure, some things have changed and even increased, notably the cost of materials. So, renting a car for 100 euros per month with higher material costs inevitably discourages manufacturers. Others, like MG, already know how to operate independently of state intervention, which could complicate or slow down its deployment across the country.

The decree is expected to be published on September 1, 2023, with the first deliveries in 2024 for orders placed next fall.

Also read: TUTORIAL electric car: twice as cheap to operate as a thermal car