Macron’s social leasing plan: first EVs delivered at €100/month

In France, the first vehicles have been delivered within President Emmanuel Macron’s social leasing plan, a measure to lease a European electric car at 100 euros per month for those on the lowest incomes.

The first vehicles were provided by the Stellantis Group, known for brands such as Peugeot, Citroën, etc. So far, about 91 000 people have applied for a social ease on the pre-reservation platform, a “success”, said French Minister for Ecological Transition Christophe Béchu.

25 000 EVs in 2024

The measure, a leasing system with a purchase option for less than 100 euros a month for city cars and 150 euros for family cars (excluding insurance and maintenance), was launched in December last year and thus appears to be catching on, as evidenced by the 91 000 interested people who signed up on the government platform that was launched three weeks ago.

However, only 25 000 EVs are available this year as part of this “bonus” open to the most modest French people driving more than 8 000 km per year or living more than 15 km from their workplace. From 2025, the number of EVs will increase.

Without initial contribution, the rental is planned for three years, renewable once. The state finances each rental to the tune of 13 000 euros.

Number of cars may increase

Since the site closed on 4 January, people who want to take advantage of the EVs for 100 euros a month do have to contact the rental companies directly.

In this context, Stellantis talks of “extremely positive mid-January results, with 20 000 financing files validated, or more than 80% of the volumes planned to date” in the system.

The group offers nine electric models from the Citroën, Fiat, Jeep, Opel, and Peugeot brands out of 14 eligible for social leasing. “During the year, a tenth Fiat-brand vehicle will also be available,” Stellantis said.

To meet as many requests as possible, the government is “working” with car manufacturers “to see if we can make 30, 35, or 40 000 vehicles instead of 25 000, Minister Béchu said.


Ready to join the conversation?

You must be an active subscriber to leave a comment.

Subscribe Today

You Might Also Like