A new analysis suggests that social leasing could make electric vehicles (EVs) more affordable for up to 3 million households across Europe. This scheme aims to support low-income families by enabling access to EVs through national programs.
The proposed national schemes may be funded by revenues generated from the European Union’s carbon market and the Social Climate Fund. These financial resources could help reduce the upfront cost of EVs, making them accessible for a broader section of society.
By promoting social leasing, the European Union hopes to encourage the shift from fossil fuel-powered vehicles to cleaner electric alternatives, supporting both environmental goals and social equity. The initiative could play an important role in reducing carbon emissions and tackling climate change.
Transport and environmental organizations emphasize that affordable EV access is crucial for a sustainable future. With these funding mechanisms in place, many households currently unable to afford an EV might soon benefit from this program.
Stay tuned for Questiqa Europe News for more latest updates.
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