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French electric car leasing scheme substantially oversubscribed

An all-electric Fiat 500. Photo: Nick Hedley/The Progress Playbook
An all-electric Fiat 500. Photo: Nick Hedley/The Progress Playbook

The French government’s electric vehicle leasing scheme for lower-income households has been significantly oversubscribed, with new applications paused until late 2024.

Officially launched on 1 January, 2024, the initial plan was to subsidise rentals of 25,000 European-built electric cars. Lower-income earners who needed to travel more than 15km to work could apply for long-term rentals at just 100 euros a month.

Within weeks, however, the government had subsidised double that amount, according to a report by AFP.

The government says it will relaunch the subsidy programme at the end of 2024.

The scheme is aimed at decarbonising the French transport system and stimulating demand for locally made electric vehicles.

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