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France suspends EV lease scheme due to overwhelming demand

FILE PHOTO: French car maker Renault holds an investor day for its EV unit Ampere in Paris

France has decided to put a temporary halt to its widely popular subsidised electric vehicle (EV) lease programme, following an overwhelming demand from consumers. The programme, known as 'France-Autos-Leasing,' was launched by the French government to promote the adoption of electric vehicles by offering attractive leasing options.

Under this initiative, individuals and businesses in France were able to lease electric vehicles at significantly discounted rates, thanks to financial incentives provided by the government. The subsidies aimed to make EVs more accessible and affordable, thus encouraging consumers to opt for clean and sustainable mobility alternatives.

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