24/7 Space News
CAR TECH
France suspends subsidised electric car scheme after surge
France suspends subsidised electric car scheme after surge
By Francesco FONTEMAGGI et Taimaz SZIRNIKS
Paris (AFP) Feb 12, 2024

The French government said Monday it was suspending a scheme to lease electric cars from just 100 euros ($109) a month after subsidising more than double the number of vehicles planned for 2024.

President Emmanuel Macron's administration launched the scheme in December 2023 to make electric vehicles affordable to low-income households and reduce carbon emissions in France.

The scheme initially planned to subsidise up to 25,000 European-built electric vehicles this year, but it doubled the number following huge demand.

"It's a real success story, emblematic of French environmental policy: good for the wallet and good for the planet," said an advisor to the president.

Eligible French residents could rent a car without a deposit for three years and renew the subscription once, supported by a subsidy of up to 13,000 euros for each car.

In addition to income eligibility conditions, applicants must need a car to travel to a job more than 15 km (9 miles) away from home.

The French government indicated it plans to relaunch the scheme at the end of 2024 for 2025.

"What's great about this scheme (...) is that you're both giving people who aren't necessarily well-off access to a cheap electric vehicle and producing more French vehicles. We have to manage to do both", French Industry and Energy Minister Roland Lescure said on France 3 television on Sunday.

Related Links
Car Technology at SpaceMart.com

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
CAR TECH
Chinese EV giant BYD expects record net profit for 2023
Beijing (AFP) Jan 29, 2024
Chinese electric vehicle giant BYD, the world leader in the sector, said its net profits soared in 2023, and expects the final figure to hit a new record, according to preliminary results released Monday. The group said in an earnings preview that it expects net profit for last year to fall between 29 and 31 billion yuan ($4.1 to 4.4 billion dollars) - an increase of between 74.5 and 86.5 percent as compared with the year before, the company said. BYD is expected to publish final figures in the ... read more

CAR TECH
NASA Solar Sail Technology Passes Crucial Deployment Test

Virgin Galactic Marks 11th Spaceflight with Full Passenger Manifest

Starlab Space unveils leadership team to propel space exploration ventures

Third NASA Enabled Private Flight to Space Station Completes Safely

CAR TECH
MITRE and MDC team up to advance at Midland Spaceport

SpaceX Expands Global Internet Coverage with 22 New Starlink Satellites

Dream Chaser Spaceplane Undergoes Extreme Testing at NASA's Armstrong Facility

New Satellite Launch Marks a Milestone in China's Commercial Space Sector

CAR TECH
Confirmation of ancient lake on Mars builds excitement for Perseverance rover's samples

NASA helicopter's mission ends after three years on Mars

New Year, New images from Perseverance on Mars

Polka Dots and Sunbeams: Sol 4078

CAR TECH
BIT advances microbiological research on Chinese Space Station

Shenzhou 18 and 19 crews undertake intensive training for next missions

Space Pioneer and LandSpace Lead China's Private Sector to New Heights in Space

Tianzhou 6 burns up safely reentering Earth

CAR TECH
Into the Starfield

Sidus ships LizzieSat to Vandenberg for upcoming SpaceX launch

Next-generation satellite systems propel shift in capacity pricing and industry dynamics

AST SpaceMobile's Space-Based Cellular Network to Support Government Missions Through New Contract

CAR TECH
DLR develops mobile station for Satellite Laser Ranging

Benchtop test quickly identifies extremely impact-resistant materials

Ubisoft launches long-awaited 'Skull and Bones' video game

BHP says value of assets smashed by nickel price collapse

CAR TECH
UC Irvine-led team unravels mysteries of planet formation and evolution in distant solar system

NASA's Hubble Finds Water Vapor in Small Exoplanet's Atmosphere

Carbon Monoxide Dynamics Offer New Insights into Exoplanet Habitability

What Kind of World is LHS 1140b

CAR TECH
NASA invites public to dive into Juno's Spectacular Images of Io

Europa Clipper gears up with full instrument suite onboard

New images reveal what Neptune and Uranus really look like

Researchers reveal true colors of Neptune, Uranus

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.