The French government is reassessing its incentive structures for electric vehicles over fears that they may end up costing too much. That means that the country’s richest shoppers will receive a smaller tax credit if they buy a green vehicle, and those on the lower end of the income spectrum will have to wait until next year for a subsidized lease.
To begin with, France is suspending a program aimed at making electric vehicles more accessible to a wider population. Following criticisms that electric vehicles were too expensive, the nation introduced a program that allowed certain individuals to lease a cheap European-made EV for between €54-€150 per month (US$58-$160 per month at current exchange rates).
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