is Emmanuel Macron’s proposal viable?

Emmanuel Macron proposed the establishment of assistance for the leasing of electric cars: the State would bear part of the rent of the vehicle, so that the monthly bill for the customer does not exceed 100 euros. Decryption with Franck Legardeur, founder of the young shoot Delmonicos who has developed an innovative solution allowing a simpler search for vehicles.

Emmanuel Macron proposes to set up assistance for the leasing of an electric car. What is your take on this device?

Frank Legardeur: With this aid proposal, the state would cover part of the leasing of electric vehicles, so that the amount of the monthly rent does not exceed €100. The government’s provisional budget for the first year is €50 million for 100,000 vehicles. This would therefore represent an aid of approximately €42/month. It should also be noted that this aid would remain very targeted, since it is conditioned by household income, and that it mainly targets the socio-medical professions as well as young people.

Given the price of a liter of gasoline today, many French people are starting to seriously think about electric vehicles as a viable alternative to thermal vehicles. State aid contributes to this transition, particularly on leasing, because taking into account all the state premiums and bonuses, the first rent of an electric vehicle is often entirely financed by the government.

Beyond these strictly financial considerations, and whatever the government’s proposal, the French will have to turn to electromobility. For ecological reasons of course, but also because the CAFE law will require manufacturers to market carbon-free vehicles in the years to come.

Will this aid be enough to convince the French to switch to electric cars?

Persuading is a big word. But to the question, how to encourage the French and Europeans to adopt electromobility, all ideas and initiatives are good to take! This state aid is one of them, it will undoubtedly promote the act of purchase.

Once again, one of the decisive elements remains the price of fuel. A liter of petrol is now at €2, against €0.15/0.20 for 1 kilowatt/h. If you allow me the expression: The choice is quickly made “. The Ukrainian crisis and the explosion in the price of a barrel that followed has only accentuated this trend and therefore this awareness on the part of consumers. Some even now limit their movements!

Does the electric car allow real savings compared to the thermal car?

Although the cost of a new electric vehicle is higher than an equivalent thermal vehicle, there are a large number of aids to reduce this cost. Thanks to the various State aids (purchase bonus, conversion bonus, ZFE bonus, etc.) and according to different criteria, the buyer of an electric vehicle can save up to €12k.

Then, the savings are made on the operation of the vehicle, in other words its recharging. The most economical option obviously consists of recharging your vehicle at home. Depending on the type of vehicle, electricity consumption ranges from 12 to 20 kWh per 100 km. In this example, we consider a mid-range electric vehicle consuming 15 kWh per 100 km and whose battery has a capacity of 60 kWh. Based on the EDF blue tariff of €0.1740 including tax per kWh, we therefore obtain the following costs: €2.61 for 100 km and €10.44 for a full battery recharge, i.e. 400 km. The fuel consumption equivalent of a thermal vehicle is around 7 L/100 km, i.e. €14 for 100 km (7×2€) or €56 for 400 km. So we have a 5.3x ratio of a thermal vs an electric.

Finally, the other points of reduced expenses with an electric vehicle are maintenance on the one hand and insurance on the other. With an electric vehicle, you have almost no more servicing to do, no oil, spark plug or other changes… Insurance companies are not insensitive to electric vehicles, they offer preferential rates for drivers who then adopt a real eco-driving, try to optimize their battery consumption as much as possible and therefore become more cautious.

If we combine these different points of expenditure, in the end, it seems obvious that an electric vehicle costs less to use than a thermal vehicle.

Interview by Angelina Hubner

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