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Electric car: Government suddenly ends social leasing

The first edition of “Social Leasing” consisted of an advertising campaign of strictly limited duration. A kind of “happy hour” that will make it possible – for a total of six weeks – to offer French people who can’t afford to drive an electric car between 100 and 150 euros every month.

On Monday, February 12, the government announced the closure of this offer, which was due to the commitment made by the President of the Republic during the 2022 election campaign. This stoppage of the “Macron cars” was dictated by the risks of budgetary deviation associated with this quasi-experimental system – without equivalent in France or abroad – for long-term rentals for families with a taxable income per unit of less than 15,400 euros per year.

Beneficiaries were workers who lived at least 15 kilometers from their workplace or had to travel more than 8,000 kilometers a year for professional reasons. Thanks to the payment of a superbonus of 13,000 euros by the state, it became possible to drive a compact model (for example, Peugeot e208) for 100 euros per month or a family car (Renault M├ęgane E-) for three years. Tech Electric) 150 euros, maintenance and insurance not included. Rents are halved compared to market rates for classic rentals with an option to buy (LOA).

Very favorable conditions

“With this first wave, we have achieved our goals and exceeded all our expectations. Considers the Presidency of the Republic, which ensures that half of the 100,000 vehicles normally purchased this year by the French people for leasing, will be electric and welcomed. “An emblematic success of French ecology”. Success, which opposed the efforts of Bersi, slowed down the progress of public finances.

The operation, which in principle was supposed to be limited to about 20,000 cars due to the lack of cheap enough electric models, saw about 50,000 contracts in a few weeks. This flow is explained by very favorable conditions of access to social leasing.

The tidal wave was also fueled by the unexpected scale of the number of files collected by manufacturers, who sometimes dramatically reduced the prices of their models. The context of a trade war in the electric car market – but also their desire to immediately sign up for a potentially limited-term leasing system – has encouraged them to make as many cars available in this system as possible.

Source: Le Monde

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