London: ‘Social Leasing’ Could Bring Affordable Electric Cars to 3 Million Homes

A new analysis reveals that ‘social leasing’ schemes could make electric vehicles (EVs) affordable for up to 3 million households across Europe. These national programs would be funded by revenues from the European Union’s carbon market and the Social Climate Fund.

The initiative aims to support low-income families in accessing cleaner, greener transport options. Experts believe this approach could significantly increase EV adoption and reduce carbon emissions. By subsidizing EV leasing costs, the program would lower the financial barrier for many households, making sustainable transport more attainable.

This innovative model stands to complement existing environmental policies, accelerating Europe’s shift to electric mobility. The initiative highlights the EU’s commitment to climate action and social equity. It further emphasizes the importance of designing policies that benefit all citizens, especially the most vulnerable.

While details of the scheme are still being finalized, the potential impact on clean transport uptake is promising. Stay tuned for Questiqa Europe News for more latest updates.

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