Economy Minister Bruno Le Maire has confirmed a further boost to the automobile in the COVID-19 crisis, notably through increased aid for the purchase of electric cars.
With the appearance of COVID-19 and the confinement imposed for almost two months, the auto market collapsed by 72% in March and 89% in April when even electric car registrations declined. But the French government does not drop the sector.
The plug-in hybrids concerned?
This Monday, May 18, Bruno Le Maire confirmed the preparation of an automobile recovery plan. “I will announce a support plan for the automotive sector within 15 days”, assured the Minister of Economy and Finance on Franceinfo, ” and the faster the better, so as to boost consumption and transformation towards a more sustainable model ”.
Electricity will play a big part in these measures. It indeed evokes a “Support in particular for vehicles which emit the least CO2, electric vehicles “. If he specifies the latter category, he implies that hybrids, in particular rechargeable ones, would be included in the ecological bonus.
“We must make this crisis a lever to accelerate the ecological transition” added Bruno Le Maire, wanting “Encourage the French to buy vehicles that are still too expensive for them today”.
Return of the € 6,000 bonus for companies?
Today, the ecological bonus is € 6,000 for the purchase of a new car under € 45,000, and € 3,000 between € 45,000 and € 60,000. Will it be increased? Not sure, especially since it is already accompanied by a conversion bonus for modest households, up to 5,000 €. As for the bonus granted to companies, capped at € 3,000 since January 1, it could come back to the 6,000 euros allocated initially. In any case, this is the wish of Luc Châtel, ex-minister and president of the PFA (Plateforme Automobile).
“We must encourage the purchase of electric vehicles with a return to the bonus of 6,000 euros for fleets, which was halved in 2020 – it was a mistake” says ex-secretary of state for industry at Le Point “And finally create a bonus, of 2,000 euros for example, for plug-in hybrids, vehicles made in France”. This would therefore be a return to aid valid until December 31, 2017, at the time of € 1,000.
He also advocates “A broader market stimulus mechanism”, via the conversion bonus. Three axes are possible: increase the amount, the spectrum of the people concerned or expand the eligible vehicles. Finally, all of this is in line with the AVERE-France proposals sent in early May. What will the state decide? Probable answer before the end of the month.
And you, what additional measure would push you to buy electric?