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What is this system?
The scheme was announced during the presidential election campaign. Anne Hidalgo, the Socialist candidate, initially proposed it with the idea of forming a partnership with rental companies and car manufacturers. Subsequently, Emmanuel Macron took up the baton during his first presidential campaign on 17 March 2022.
What measures is the French President planning?
With regard to electric mobility, as stated in his presidential campaign, the President of the Republic wanted to introduce a number of measures, such as zero-rate loan for 2023maintenance of the environmental bonus and 'social leasing'. In relation to the latter measure, the principle of "social leasing" is that a car hire company will offer an electric car for hire at a fixed monthly price and, if it so wishes, will be able to sell it to a third party. recover after a few years.
On the plus side, the monthly rental price will be much more attractive for beneficiaries, coming in at less than €100/month.
Emmanuel Macron has earmarked a budget of €50 million for this project, with the aim of producing 100,000 electric cars within a year. But according to the automotive industry, this budget is still insufficient.
Finally, to date, The budget allocated for social leasing in 2024 is €300 million, enabling 23,000 vehicles to receive €13,000 each.
As a reminder: a leasing is a rental offer for electric vehicle for both private individuals and professionals. There are several methods of financing LLD (long-term rental), the LMD (medium-term rental) and LOA (rental with purchase option). At Beev, we offer these options. If you'd like to find out more, please don't hesitate to contact us.
Who is this social leasing aimed at?
The scheme sounds attractive, but who will be able to take advantage of the electric car at €100 a month?
To encourage the French to make the energy transition, this social leasing scheme is aimed at households with little money to buy an electric car. Emmanuel Macron is well aware of this: "electric cars are very hard to buy these days for a household on minimum wage." This social leasing is intended :
- socio-medical professions
- to young people
- households on a restricted income or far from public transport
- general public
- couples earning at least the minimum wage.
When will this scheme take effect?
As far as the date is concerned, Elisabeth Borne confirmed on Friday 24 February 2023 that social leasing would apply "in autumn 2023".
"I can confirm that those eligible will be able to reserve their vehicle from the autumn, and it will be delivered to them in 2024."
The platform for register and test your eligibility was introduced on 14 December, allowing orders to be placed from 1ᵉʳ January 2024 onwards at my-social-leasing.gouv.fr.
Additional support for buying an electric car?
For this new measure, the President of the Republic wishes to maintain existing subsidies, in particular :
- the environmental bonus
- the conversion premium
- the zero-rate loan, in particular to increase support for the purchase and sale of retrofit.
This aid will considerably reduce the cost of electric cars, making them more accessible to everyone.
Note that the conversion bonus cannot be combined with this social leasing scheme, compared with the ecological bonus. The government will pay the full cost of the first €13,000 of additional rent, including the €7,000 bonusdedicated to low-income households.
To find out more, click here: support for electric cars (full list)
Why introduce social leasing?
At a time when the IPCC has sounded the alarm on global warming, it is of the utmost importance to combat climate change so that we do not exceed 1.5°C before 2040.
Electric mobility is one way of reducing CO2 emissions. In fact, according to a study carried out by the NGO Transport & Environnent (T&E)an electric car emits 22 % less CO2 than a diesel car and 28 % less than petrol.
At the moment, despite the climate benefits that electric vehicles can bring, many French people are somewhat hesitant about buying an electric vehicle. In fact, the main factors holding the French back are related to..:
- Vehicle prices that are too high. So it will be difficult to consider buying a vehicle for the time being.
- L'autonomy of certain electric vehicles that are quite low
- Vehicle recharging times too long
To counter these disincentives to purchase, Emmanuel Macron is proposing this scheme so that the most modest households can benefit from a low-cost electric car.
Initially, this measure will help to reduce CO2 levels on the roads and, subsequently, to deal with the impact of climate change. the high cost of diesel and petrol. Drivers of internal combustion vehicles have seen their fuel costs rise for a number of reasons:
- Rising oil prices: the figure is around 83 dollars at the end of 2023.
- The effect of inflation: when the cost at the pump rises, so does the cost of distributing fuel.
Want to go electric?
Beev offers multi-brand 100% electric vehicles at the best prices, as well as recharging solutions.
How can I benefit from social leasing?
As we mentioned earlier, this social leasing scheme is aimed at low-income households. According to the French Ministry of Ecological Transition, there are several compulsory criteria for eligibility:
Social leasing: an alternative way to buy an electric car
Social leasing will help to accelerate electric mobility and anticipate the future of the car industry.a total ban on internal combustion vehicles by 2035 in France.
In concrete terms, by opting for an electric car now, drivers will be able to drive with peace of mind. Because, yes, drivers of clean vehicles will have nothing to worry about when it comes to driving around France, especially in certain cities that have introduced Low Emission Mobility Zones (ZFE-m), such as Grand Paris and Bordeaux. In these zones, traffic is highly regulated, with internal combustion vehicles banned to reduce air pollution.
As drivers of low-carbon vehicles, there are parking spaces reserved exclusively for electric vehicles. As well as being reserved, some spaces may be free of charge.
As a result, drivers will not only have unrestricted access to traffic, but will also find it easier to park, regardless of the charging method they choose (slow or fast).
But what about recharging points?
While the French President wants to speed up the development of electric mobility, the question of charging points also arises. Indeed, many "city dwellers do not have a garage at their disposalIt's a good thing that we're going to have to do more to encourage the installation of charging points," says Flavien Neuvy, Director of the Cetelem Automotive Observatory.
With over 100,000 recharging points present on French soil, the France is the 3rd European country to have the most charging stations according to a study by ACEA (the European Automobile Manufacturers' Association). However, this number is still insufficient. Why not? Given that the number of electric vehicle registrations continues to rise, the number of charging points needs to keep pace with this development. What's more, every motorist needs to be able to recharge his or her vehicle without difficulty, in order to find charging points.
For more information, see our article on the state of recharge terminals may be of interest to you.
To find out more, click here: Support for the installation of charging points.
An interesting scheme, but questions remain
While the government is encouraging the French to switch to electric mobility, many questions remain unanswered. In fact, this measure means that heavy drivers can benefit from clean vehicles. But this begs the question of how beneficiaries are going to buy electric cars, when currently "cars are becoming an inaccessible luxury product"for households, according to Flavien Neuvy, director of theCetelem automobile observatory. As Agnès Pannier-Runacher, the French Minister for Ecological Transition, pointed out, "will need to be sufficiently robust for the French to be able to benefit from it straight away".
In conclusion
In addition to the soaring fuel pricesThis social leasing project seems to be a great opportunity to encourage the French to opt for electric mobility.
