France prepares subsidised electric-car leasing plan at $100 per month

The leasing measure stands to benefit European carmakers rolling out new electric models including Renault SA, Volkswagen AG and Peugeot and Citroen-maker Stellantis NV

France is readying a plan to subsidise electric-car leasing as part of President Emmanuel Macron’s campaign pledge to make them more affordable. 

The scheme will make EVs available for 100 euros ($100) a month, Budget Minister Gabriel Attal said on Sunday on LCI television, noting that the cost is less than what many people spend on gasoline. The government is working on how quickly the measure can be rolled out and the availability of EVs, he said. 

Macron promised a state-sponsored leasing program for low-income households to counter criticism that even with subsidies, EVs are still out of reach for many.

The French