Military 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
Aerojet Rocketdyne Powers Key U.S. Missile Defense Test with Advanced MRBM Target

THAAD Localization Efforts Align with Saudi Vision 2030 Objectives

Northrop Grumman Advances Homeland Defense with Early NGI Milestone

U.S. hits two more Houthi missiles in ninth Yemen attack

CAR TECH
CENTCOM says it thwarted Houthi missile launcher strike on Red Sea vessels

NKorea's Kim oversaw test of cruise missiles launched from submarine: state media

North Korea tested new submarine-launched cruise missile

Huthis strike cargo ship headed to Iran: US military

CAR TECH
US vows decisive response to deadly drone attack in Jordan

LIDS: The Army's Answer to Evolving Unmanned Aircraft Threats

DARPA's REMA Program Revolutionizes Commercial Drone Autonomy for Military Use

Iraq condemns U.S. drone strike as 'clear aggression,' violation of sovereignty

CAR TECH
Space Force initiates MUOS Service Life Extension with Lockheed Martin design contract

Government Connectivity Enters New Era: MetTel and Partners Highlight LEO Satellite Solutions

General Atomics to Showcase Optical Communication Terminals in Space with SDA Contract

L3Harris Technologies showcases Waveform X capabilities in live flight demonstration

CAR TECH
Northrop Grumman to Revolutionize Space Missions with Next-Gen Cryocoolers

The US 'can and will' deliver more Ukraine aid: top advisor

Ukraine urges EU to speed up artillery shell supplies

Curtiss-Wright Unveils New Rugged SFF Mission Computer for Harsh Environments

CAR TECH
NATO chief calls on Europe to ramp up arms production

EU foreign affairs chief Josep Borrell visits Ukraine after bloc approves $54B in aid

Russia stops Ecuador banana imports after US arms deal

House fails to pass GOP-led Israel aid bill

CAR TECH
Meeting NATO, Blinken warns Ukraine gains in doubt if no US aid

China, US say talks in Bangkok 'candid, substantive'

India fetes France's Macron at annual military parade

Turkey ratifies Sweden's NATO bid; Hungary last obstacle to membership

CAR TECH
Researchers unveil novel technique for creating atomically thin nanoscrolls

MIT.nano equipment to accelerate innovation in "tough tech" sectors

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2026 - 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.