French Government Announces Changes to Clean Vehicle Purchase Incentives
Paris, December 2, 2024 – The French Ministry of Economy and Finance has announced updates to its incentive programs for the purchase of low-emission vehicles. The changes aim to promote the adoption of cleaner transportation and support the country’s environmental goals.
Electric Vehicle Bonus
The government will increase the electric vehicle (EV) bonus from €6,000 to €7,000 for vehicles priced under €45,000. The bonus will apply to both new and used EVs, and can be combined with local incentives.
Plug-in Hybrid Vehicle Bonus
The bonus for plug-in hybrid electric vehicles (PHEVs) will be reduced from €2,000 to €1,000. PHEVs must have a battery capacity of at least 10 kWh and an electric-only range of at least 50 kilometers to qualify.
Income Threshold
The income threshold for eligibility for the EV and PHEV bonuses will be increased from €13,489 to €14,088 for a single person. For households with multiple earners, the income threshold will be determined by combining the incomes of all adults.
End of Thermal Vehicle Sales Ban
The planned ban on the sale of new gasoline and diesel vehicles by 2040 has been postponed to 2050. The government will continue to encourage the transition to electric vehicles through financial incentives and the development of charging infrastructure.
Other Measures
In addition to the incentive changes, the government is also implementing other measures to promote clean transportation, including:
- Increased funding for the installation of EV charging stations
- Development of a national hydrogen fueling network
- Incentives for the conversion of commercial and public fleets to electric vehicles
Impact and Objectives
The updated incentive programs are expected to further encourage the adoption of electric vehicles in France. The government aims to have 10 million electric vehicles on the road by 2030 and to achieve carbon neutrality by 2050.
The changes to the plug-in hybrid vehicle bonus reflect concerns about the limited environmental benefits of PHEVs compared to fully electric vehicles. The government is encouraging consumers to consider pure electric vehicles for their next purchase.
The postponement of the thermal vehicle sales ban aligns with the European Union’s revised target date for phasing out combustion engine vehicles. The government will continue to monitor the pace of electric vehicle adoption and adjust its policies accordingly.
Source:
Aides à l’acquisition de véhicules peu polluants : les dispositifs évoluent
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