Paris: Social Leasing Could Bring Affordable Electric Vehicles to 3 Million Households

A new analysis suggests that social leasing programs could make electric vehicles (EVs) affordable for about 3 million households across Europe. These national schemes can be funded through revenues generated by the European Union’s carbon market and the Social Climate Fund.

This innovative approach aims to support low-income families in accessing clean transportation options, significantly reducing carbon emissions and promoting environmental sustainability. Using funds from the EU’s carbon market, which penalizes high carbon emissions, and the Social Climate Fund, designed to protect vulnerable groups, the plan could offer socially equitable access to EVs.

If implemented, this strategy would enable many households to lease electric cars at reduced rates, lowering the financial barriers that currently prevent wider EV adoption. Experts believe such social leasing models could play a vital role in the EU’s commitment to green mobility and climate goals.

The initiative highlights how combining climate finance tools with social policies can drive large-scale change in transport systems. Stay tuned for Questiqa Europe News for more latest updates.

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