Social Leasing in Europe: How 3 Million Households Could Access Affordable Electric Vehicles

A new analysis suggests that ‘social leasing’ schemes could make electric vehicles (EVs) affordable for up to 3 million households across Europe. These national programs might be funded using revenues from the EU’s carbon market and the Social Climate Fund. The goal is to help low-income families access clean transportation and reduce carbon emissions. By utilizing financial support from these EU initiatives, governments can offer leasing options that lower the cost barrier to EV ownership.

This approach addresses the challenge of making electric cars more accessible and sustainable for all citizens. With the EU pushing for greener transport solutions, social leasing could encourage wider EV adoption and contribute significantly to Europe’s climate targets. The funds generated through carbon pricing mechanisms would be channeled into these schemes, ensuring that support reaches those who need it most.

Implementing social leasing nationally also promises to create a fairer transition to clean energy transport, benefiting families that otherwise might not afford EVs. Experts believe this innovative model could accelerate Europe’s shift to zero-emission mobility while easing financial burdens.

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