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French Electric Car Subsidy Program Pause: Demand Surge

The French government has halted its electric car subsidy program due to overwhelming demand. The initiative aimed to make electric cars more accessible to low earners, but unexpected interest surpassed initial plans. The government will resume the program next year after increasing the number of leases from 20,000 to 50,000 for this year. Cash incentives of up to 7,000 euros are also offered for electric car purchases. Eligibility requirements and exclusions apply, with the program expected to make a positive impact on reducing carbon emissions.

by Lilu Anderson
Mon, Feb 12, 2024 4:48pm
in Business
• 2 mins read
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French Electric Car Subsidy Program Pause: Demand Surge | FinOracle

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French Government Halts Electric Car Subsidy Program Due to Overwhelming Demand

The French government has announced that it will be putting a stop to its program to subsidize low earners leasing electric cars for the remainder of this year. The decision comes after the initiative received an unexpectedly high level of interest, surpassing the government’s initial plans.

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