Race to Produce: French Manufacturers Urged to Accelerate Electric Vehicle Production as Demand Soars

French Manufacturers’ Acceleration in Production Could Lead to Increased State Subsidies for Social Leasing Vehicles

French manufacturers must “accelerate the pace” of production, urged Minister of Industry and Energy Roland Lescure on Sunday. This is in response to the high demand for electric vehicles through the “social leasing” system, which has already seen more than 90,000 people requesting an electric car for less than 100 euros per month for city cars and 150 euros for family cars (excluding insurance and maintenance) at the end of January.

Lescure declared that French manufacturers must commit to accelerating production if they want to meet the increasing demand. He also stated that the State is ready to finance more than the initially planned 25,000 electric vehicles through this rental system with an option to purchase (LOA), which is currently reserved for low-income French people and heavy rollers.

However, Lescure emphasized that the goal is not to electrify the French automobile fleet with cars made in China. Therefore, he urged French manufacturers to prioritize producing electric vehicles domestically.

Several electric models are set to launch in the coming months, including Renault’s new model 5. The “social leasing” system allows eligible individuals who drive more than 8,000 km per year or live more than 15 km from their place of work and have a reference tax income of less than 15,400 euros to rent an electric vehicle without an initial contribution for up to three years, renewable once. The State finances each rental up to a maximum of 13,000 euros.

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