The government will launch the system in November which promises to make electric cars accessible to low-income households. We take stock of what we know about how it works.
The system must be presented in detail at the beginning of November, with reservations opening immediately. The government will set up a website which brings together information on the operation of social leasing and the aid offered by the brands. Deliveries of the vehicles are due to begin in early 2024.
For who ?
To begin with, social leasing will be accessible to the lowest 50% of households. A rule similar to those who currently benefit from a bonus of €7,000 instead of €5,000. These are households which have a reference tax income per share below €14,090 (a value which should be slightly increased due to inflation).
However, this can be a lot of people and the government has a budget to respect (50 million euros for the first year). It could therefore add other more restrictive criteria, including a geographical criterion, an avenue put forward by the newspaper Le Parisien. The idea would thus be to help low-income households further from urban areas, and therefore those who are far from a public transport service.
The government could also favor certain “essential” professional categories, such as health personnel who travel a lot by car.
What (real) price?
The initial promise was €100 per month. It will be held, it is the symbolic bar imposed on brands…but with an asterisk. This price does not include vehicle insurance. A bad surprise according to some, but we can’t have it both ways, because to get to €100 per month on the vehicle, the State will already be very generous.
Bruno Le Maire has in fact confirmed that there will be no contribution to be paid for households. The first increased rent will be covered in full by purchasing aid. This should be a reinforced bonus and a special leasing bonus, because there will be no scrappage bonus in the calculation. Which could represent up to €13,000 in subsidies according to Les Echos.
To lower the bill, the government is putting pressure on the various players involved to reduce their margins, starting with manufacturers and financing organizations. Without forgetting the insurers, because the price of insurance will quickly move away from €100, especially with new cars.
But households who do so will have an advantage: a reduction in their fuel budget. An important aspect to take into account in the financial balance. To travel 100 km in petrol is around €10/12, in electric it is €3.
The models must first be able to respect the 2024 conditions of the bonus, that is to say have a good eco-score, a score which evaluates the carbon footprint of the vehicle. Vehicles deprived of the bonus because of a poor eco-score should therefore be forgotten. More clearly, those which come from China, starting with the Dacia Spring and MG4. Too bad for the latter, because she was the most family-friendly candidate!
Because to keep the promise of €100 per month, no miracle: it will firstly be city models. The list of vehicles is not yet known, but examples were given by Bruno Le Maire. In the lot, the Fiat 500e and the Renault Twingo, small models! There will subsequently be more versatile city cars, more roomy and with more autonomy, the Citroën ë-C3 and Renault R5. But deliveries of these will not begin before mid-2024.
For more family-friendly vehicles, nothing seems ready on the new side. The government could therefore extend the system to used vehicles. It seems easy to offer a Nissan Leaf or Hyundai Kona for €100 per month with still reasonable mileage.
2024 ecological bonus scale: who will be the winners and losers?
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