EconomyLens.com
No Result
View All Result
Friday, June 13, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

France suspends subsidised electric car scheme after surge

David Peterson by David Peterson
February 12, 2024
in Economy
Reading Time: 3 mins read
A A
8
19
SHARES
235
VIEWS
Share on FacebookShare on Twitter

Paris (AFP) – 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.

Related

As NATO ups defence spending, can Europe produce the weapons?

Betraying the revolution: Cuban students reject dollarization

As NATO ups defence spending, can Europe produce the weapons?

Trump moves to block California electric cars program

Niger-Benin border standoff deepens as trade collapse bites

“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.

Tags: carbon emissionselectric carsFrance
Share8Tweet5Share1Pin2Send
Previous Post

UAE defends Israel ties as Gaza war concerns grow

Next Post

Apollo to Artemis: Why America is betting big on private space

David Peterson

David Peterson

Related Posts

Economy

March quake to drive 2.5% drop in Myanmar GDP, says World Bank

June 12, 2025
Economy

UK economy shrinks in April as US tariffs kick in

June 12, 2025
Economy

Niger-Benin border standoff deepens as trade collapse bites

June 12, 2025
Economy

Rice prices Japan’s hot political issue, on and off the farm

June 12, 2025
Economy

US inflation edges up but Trump tariff hit limited for now

June 11, 2025
Economy

Latest GM investments in US in line with slowing EV demand: exec

June 11, 2025
Next Post

Apollo to Artemis: Why America is betting big on private space

Big trade deals likely elusive at WTO meet in Abu Dhabi

Power cuts in Syrian capital drive workers, students to cafes

Asian markets mixed as traders return, eyes on US data

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
8 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

71

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Spain economy minister urges fair, balanced EU-US tariff deal

June 13, 2025

Startups show off ocean-preserving tech at Paris trade fair

June 13, 2025

War, trade and Air India crash cast cloud over Paris Air Show

June 13, 2025

Airlines halt many Middle East flights after Israel hits Iran

June 13, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.