Electric car for 100 euros per month: 4 questions to find out all about this offer promised by Emmanuel Macron

Electric car for 100 euros per month: 4 questions to find out all about this offer promised by Emmanuel Macron

During his presidential campaign, Emmanuel Macron promised that low-income couples could use an electric car for only 100 euros a month. Given the shortcomings that have hit Europe, some question whether this promise is sustainable. Here’s everything you need to know.

It was one of Emmanuel Macron’s promises during his presidential campaign. In order to offer a cleaner travel model, reduce CO2 emissions and combat soaring fuel prices, a project was planned to offer an electric car for 100 euros a month for “couples who earn Smic or a little more”. Where are we today?

Who does the offer apply to?

An electric car for 100 euros a month would be reserved for couples with modest incomes. As far as the target groups are concerned, this would mainly concern young people and people with “socio-medical” professions, as the Emmanuel Macron team indicated. This does not mean that only the other will take advantage of the offer.

When will the measure be implemented?

The new Minister for Energy Transformation, Agnès Pannier-Runacher, wants to do this as soon as possible: “We will need robust equipment so that the French can benefit from it immediately,” France 5. said. The calendar of measures is not yet known, but should be amendments to the Finance Act.

What is a leasing system?

This offer will be made through a leasing system. It allows you to replace one-stop shopping and is often too expensive for low-income households. So you will have to pay for the car, because you pay the rent, ie monthly, for a fixed period. At the end of the lease, you can usually decide whether to buy or return the vehicle.

Leasing contracts last on average 24 to 72 months. Penalties may be added depending on the condition in which the vehicle is returned.

A feasible project?

With the war in Ukraine, there is a shortage of rains on France. The automotive industry is now strongly influenced by them. The increase in raw materials risks making the project more difficult if millions of French people start claiming their cars at the same time.

Factories will have to keep up, as battery prices could also rise. Electric terminals should therefore be installed in large numbers: “This is a major obstacle for city dwellers who do not have a garage,” confirms Fabien Neuvy of the Cetelem Observatory. “Sparse people have often been forced to leave large city centers to find accommodation and travel a lot. Autonomy, fear of running out of fuel, are significant problems.”

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