US Edition"Social Leasing" Could Provide Affordable EVs to 3 Million Households in Europe - CleanTechnica
- T&E estimates that by 2032, social leasing programs could allow up to three million households in Europe’s five largest markets to access affordable electric vehicles.
- This initiative arises from a need to support 20 million low- and medium-income rural residents dependent on combustion cars facing rising fuel costs, with funding linked to the Social Climate Fund capped at €4 billion in 2026.
- Social leasing schemes offer EVs under €25,000 at rents from €130 to €215 monthly, assuming six-year leases and requiring complementary transport measures across Europe.
- T&E recommends allocating half of ETS2 revenues early and the EU assisting member states to negotiate optimal deals for vehicles to maximize social leasing impact.
- This approach could reduce transport vulnerability and foster sustainable mobility transition, though it should supplement other measures like public transport and vehicle sharing.
13 Articles
13 Articles
"Social Leasing" Could Provide Affordable EVs to 3 Million Households in Europe - CleanTechnica
National schemes could be financed by the revenues generated by the EU’s carbon market and Social Climate Fund, analysis finds. It would enable many low and modest-income households to move away from dependence on combustion cars and fossil fuels. Up to 3 million households on low or modest incomes in ... [continued] The post “Social Leasing” Could Provide Affordable EVs to 3 Million Households in Europe appeared first on CleanTechnica.
“Social Leasing” Could Provide Affordable EVs to 3 Million Households in Europe
National schemes could be financed by the revenues generated by the EU's carbon market and Social Climate Fund, analysis finds. It would enable many low and modest-income households to move away from dependence on combustion cars and fossil fuels. Up to 3 million households on low or modest incomes in ... [continued] The post "Social Leasing" Could Provide Affordable EVs to 3 Million Households in Europe appeared first on CleanTechnica.
T&E: ‘Social leasing could provide affordable EVs’
Up to 3 million households on low or modest incomes in Europe’s five largest countries (Germany, Spain, France, Italy, and Poland) could switch to electric cars by 2032 thanks to social leasing, according to an analysis by T&E based on data from the Öko-Institut. This scheme, which allows affordable electric vehicles under €25,000 to be leased at reduced rents (from €130 to €215 per month), already exists in France and could be implemented by ot…
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