France is preparing to launch a subsidized leasing offer at 100 euros per month to encourage more French people to drive electric. Minister Gabriel Attal confirmed this on LCI over the weekend. For the time being, the details of the measure have not yet been finalized: the minister notably indicated that the government is currently determining when the program could really be launched.

Candidates for the purchase of an electric car can already benefit from up to 6,000 euros in subsidies for vehicles costing up to 47,000 euros – excluding the scrapping/conversion bonus. Measures still insufficient to encourage consumers to really consider buying an electric car, since in the first 7 months of 2022, only 12% of registrations were linked to the category.

An electric car leased at €100 per month… but for which model?

A situation to be compared to that of other European countries. In Norway, for example, electric cars were responsible for 2/3 of registrations over the period. The State therefore hopes that offering vehicles at €100 per month will drastically reverse the trend. Gabriel Attal also pointed out that this amount is lower than what French drivers spend on gasoline every month. For the time being, the details of the measure that the government intends to put in place remain to be specified.

For example, the Minister did not cite any specific model of electric car that could be affected by these subsidized leasing at €100 per month. As our colleagues from Electrek point out, it is already possible in France to buy a car on lease in the range of €100-200 per month. This is the case, for example, of the latest Twingo from Renault or the new electric Fiat 500. But of course we are only talking about small city cars here.

No details were given about the eligibility of the program either. During his last campaign, Emmanuel Macron had indeed promised subsidized leasing to encourage the French to switch to electric cars – while indicating that he was targeting the most modest households as a priority. We note however that, since then, the war in Ukraine and the energy crisis have been invited into the debate. This could push the government to open the program to as many French people as possible.

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Given that the government wants to move forward as quickly as possible on this issue, it is likely that we will learn more from the start of the school year.