The French Government has announced that it will be amending a subsidy scheme aimed at encouraging low income consumers towards leasing electric vehicles following much higher uptake than initially anticipated. The government initially budgeted €1.5 billion ($1.6 billion) to offer 20,000 EVs for lease to individuals on less than €15,400 annual income for less than 150 euros per month. The scheme will be put on hold for the rest of the year following this year’s lucky 20,000, before being expanded for 2025 under similar criteria, likely with new vehicles with each iteration. The scheme is being referred to as a “social leasing” program, where low-income individuals with high driving needs can apply to lease EVs from local manufacturers like Stellantis…