"We will deploy an affordable offer of electric vehicles (...) by setting up leasing mechanisms to support the most modest households", promised Emmanuel Macron during his first campaign speech on March 17.

This device, first proposed by the socialist candidate Anne Hidalgo, would be added to a string of purchase aids which have exploded sales of electric cars.

The objective of the measure is clear: the Government wants to reduce CO2 emissions on the roads while guaranteeing everyone mobility on four wheels right into the heart of metropolitan areas, where diesel engines will soon be banned.

The most modest households would thus avoid old second-hand cars, and would be protected from the cost of gasoline.

Already concrete offers

While the contours of this "social leasing" have yet to be clarified, several manufacturers are already putting forward concrete proposals.

Renault, Hyundai or the Chinese MG have recently launched long-term rental offers that could fit with this measure.

In particular if the first rent (the contribution) is guaranteed by the Caisse des dépôts “for couples who earn the Smic or a little more”, as Emmanuel Macron specified at the end of April.

Nissan, for example, offers its Leaf at 99 euros per month over three and a half years, for a maximum of 30,000 km.

Dacia displays its Spring at 120 euros per month with 40,000 km over 4 years, and a first rent of 7,700 euros reduced to zero if the maximum public subsidies are applicable.

On the side of Stellantis, Fiat displays its small 500 from 119 euros per month with 2,500 euros of contribution, and Peugeot its e-208 at 149 euros per month with 4,000 euros of contribution.

(Source: AFP)

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  • Automotive

  • Electric car

  • Subsidies

  • Energetic transition

  • minimum wage