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How can I get a cheaper electric car?

cheaper electric car

The French are increasingly inclined to reduce their impact on the environment, in particular by making their mobility solutions greener. According to a study carried out by the Ipsos institute for Vinci Autoroutes, 90% of those questioned want to improve the environmental impact of their journeys. What's more, one in two people say they will switch to hybrid or electric vehicles within the next 5 years.

So going electric is a good idea, but at what price? In this article, we've put together a list of all the solutions you can adopt to make the most of your electric motor.

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Assistance for buying an electric car

Once virtually unaffordable, electric cars are becoming increasingly affordable, but they're still above average. That's why the players in the energy transition have set up purchase subsidies to help you make the move.

The ecological bonus

The ecological bonus is a subsidy that motorists receive for the purchase of a low-pollution vehicle. The aim of this state aid is to encourage the switch to clean vehicles. 

Several vehicles are eligible for the ecological bonus, including :

  • electric vehicles (maximum price €47,000), 
  • electric vans or hydrogen-powered vehicles, 
  • rechargeable hybrid vehicles(range > 50 km for a maximum price of €50,000).

Assistance is capped at 27% of the purchase price, and up to €5,000 for 100% electric vehicles. 

You can find all the conditions to be met, as well as the complete scale, on our article on this subject!

What's more, the ecological bonus can be combined with the conversion bonusso you can benefit from two types of financial assistance for the purchase of a single vehicle!

The conversion bonus

The aim of this financial aid is similar to that of the ecological bonus: to encourage motorists to opt for a more responsible mobility solution. However, the conditions and amounts of this bonus differ from those of the ecological bonus. We have the vehicles eligible for the ecological bonus and the conversion bonus :

  • electric cars
  • Plug-in hybrid cars, 
  • electric and plug-in hybrid vans. 

However, other vehicle categories are also making their appearance: 

  • thermal vehicles (Crit'Air 1 only), 
  • motorized 2 or 3-wheelers or electric quadricycles.

This subsidy can be as much as €6,000 if the conditions listed in our article on the conversion premium are met.

For the purchase of a new electric car, you can benefit from up to €11,000 in purchase aid, by combining the ecological bonus and the conversion premium. You can therefore reduce the cost of your vehicle, and benefit from a cheaper electric car.  

Trade-in of your old vehicle

Vehicle trade-in allows you to sell your old vehicle in exchange for a sum of money (dry trade-in), or a reduction in the purchase price of your electric vehicle (trade-in with purchase).

The advantage of this formula is that there are no eligibility criteria for your current vehicle to be taken back. So even the most polluting vehicles can benefit from trade-in, to take them off the roads and improve the environmental impact of transport.

The 2023 zero-rate loan

Scheduled to come into effect on January 1, 2023, and to run for 2 years, this zero-rate loan is designed to make it easier for you to buy a clean vehicle.

You can benefit from this aid if you live or work in a low-emission mobility zone (ZFE-m), or if you live close to one.

All vehicles (electric or rechargeable hybrid) emitting 50 g/km of CO2 or less and weighing less than 2.6 tonnes will be eligible for this loan. Limited to €45,000 for a car (€60,000 for a van), this zero-rate loan 2023 is subject to certain conditions.

This loan can also be combined with national and regional grants for the purchase of an electric vehicle !

Regional aid

Finally, depending on where you live, you may be eligible for additional subsidies for the purchase of an electric vehicle. In some cases, these subsidies can be combined with the ecological bonus and the conversion bonus.

For example, the Île-de-France region offers assistance of up to €3,000 to companies in the region. 

So, for the purchase of a new electric vehicle, the ecological bonus (€6,000), combined with the conversion bonus (€2,500), and regional aid (€6,000), your company saves €13,500 on the purchase!

Find out more about regional support for electric cars !

Electric car leasing offers

Despite your desire to go electric, the purchase represents a substantial investment, which is why these leasing offers are made for you. 

Whether you are a professional or a private customer, you can take advantage of our leasing for your electric vehicles! Generally speaking, there are three different types of leasing you can take out:

  • Medium-term rental (LMD for 6 months - only for Beev professionals!)
  • long-term leasing (LLD from 1 to 5 years),
  • Lease to own (LOA for 48 months).

Beev can help you with your leasing project from A to Z, so don't hesitate to contact our experts, who will be delighted to help you!

This option allows you to benefit from an electric car without paying the full purchase price. For example, thanks to the LMD (medium-term leasing) gives you the chance to see for yourself whether this type of vehicle is right for you and whether you'll get used to it. Or, if you'd like to be a long-term owner, but don't currently have the necessary funds, the LOA (lease with option to buy) could be for you!

In addition, ascompaniesyou earn the right to additional benefits:

Good to know: the ecological bonus and the conversion premium also apply to clean vehicles leased!

Lease an electric car

Discover other alternatives

After purchase subsidies and leasing offers, there are even more ways for you to enjoy an electric vehicle. From social leasing to converting your old vehicle, we explain it all! 

The €100 special offer?

Another leasing offer is reaching out to you - well, almost! This social leasing scheme for low-income households was proposed by Emmanuel Macron in 2022, but has yet to be implemented.
The aim of this scheme would be to facilitate the energy transition and make it accessible to all citizens.

The rent for this social leasing scheme will be fixed at €100/month, and will be aimed at certain categories of people. Eligibility criteria will be based on profession, income, age...

An electric car for €100/month is a planned project, but no effective date has yet been announced.

Retrofit

Last but not least, you have the option of going electric while keeping your old vehicle, a process known as retrofitting. A option for the more nostalgic among you.

This solution allows you to change the original mechanics of your vehicle, in order to fit an electric motor and battery. However, this work must be carried out by a qualified professional, in compliance with specific specifications.

You'll need between €15,000 and €20,000 for this conversion. Regardless of its low price, you'll benefit from an environmentally-friendly vehicle, and you'll also be able to take advantage of benefits such as : 

  • free parking, 
  • reduced running costs, 
  • the absence of traffic restrictions...

The battery: the heart of your electric car

In general, the lithium-ion battery battery is the most expensive component (it can account for more than a third of the vehicle's cost) in an electric caryet it is the central matrix of your vehicle.

Buying: advantages and disadvantages

Of course, it's possible to buy your battery at the same time as your electric carThe purchase price will include the cost of your vehicle and its battery. Here are the advantages and disadvantages.

The benefits: 

  • you are the full owner of the battery, 
  • this solution is financially attractive in the long term (no rent to pay).

Disadvantages:

  • if your electric vehicle has a technical problem, any replacement will be at your expense, 
  • at the end of the manufacturer's warranty on the battery, it is not possible to benefit from free battery replacement.

Enjoy your battery longer

The cost of your electric car also depends on how you use it, and that's where the battery comes in. In fact, beyond the average lifespan of a battery (between 10 and 20 years), a few simple gestures can save you from possible repairs, or early replacement. 

The tips listed below protect your battery, which will lose capacity more slowly. We therefore advise you to pay particular attention to the following:

  • the car's equipment, 
  • at the cost of your vehicle, 
  • the adoption of eco-driving, 
  • regenerative braking,
  • regular use of your car...


Read our article on how to save your electric car battery !

Would you like to install a charging station?

The charging network: a financial opportunity

Finally, having access to an established recharging network saves you a considerable amount of time and money. Say goodbye to stress, and to endless calculations of journey times, recharging costs... However, this doesn't mean you shouldn't anticipate the recharging of your vehicle. 

We recommend that you start by checking whether your workplace has charging facilities, so that you can recharge your car while you're at work. Some employers offer free charging, others will charge you, but often at a bargain price!

What's more, the the LOM law (Mobility Orientation Law) requires buildings to be pre-equipped and equipped with recharging solutions.

Add to this the fact that more and more stores are offering charging stations for their customers in their parking lots. So you can recharge your vehicle while you shop.

Finally, these solutions enable you to avoid installing charging stations at home, because the electric vehicles currently on the market allow you to drive to work and back without recharging. So you can start by recharging your vehicle with a type 2 cable which will recharge your car, but this will take longer than with a charging station.

It is therefore advisable to install a charging station at home for the long term. But don't panic, funding assistance is also available.
Beev is here to help you your home charging station projectso don't hesitate to contact us!

In a nutshell

Faced with growing demand for more responsible and sustainable mobility solutions, governments, local authorities, manufacturers... have all recognized the need for action. So, depending on your needs and capabilities, there are a number of options available to you. Whether you're buying, leasing or even converting your old vehicle, today you can enjoy the benefits of an electric car at reduced cost! 

 

Now that the world of electric vehicles holds no secrets for you, are you ready to take the plunge? Let us know what you think!

Picture of Anaëlle Babled
Anaëlle Babled

By writing articles, I aim to help private individuals and professionals make the switch to electric vehicles and promote the development of soft mobility.

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