The government continues to introduce new measures to help electric vehicles. The Ministry of Environmental Transition published a new regulation in the Official Journal last April. And the topic is interesting: it concerns interest-free loan to finance the purchase of a vehicle whose carbon dioxide emissions do not exceed 50 grams per kilometer“. In other words: a loan without interest for the purchase of a “clean” car.
In details, this is only for the momentexperiment. The decree actually promulgates Article 107 of the known the “climate and sustainability” law. (No. 2021-1104 for close friends), which provides for a “trial period” for two years from January 1, 2023. First of all, the terms of access to this zero-rate loan are very clear and quite draconian. Don’t buy a Porsche Taycan at a lower price…
ZFE loan without interest: strict conditions
First, you will have to live or work in a EPZ (low emission zone). In fact, the aim is to help French people who have to change their car through driving bans, such as a Crit’air sticker. Then the car in question must emit less than 50g/km of CO2, which still allows you to buy most plug-in hybrids. The chosen model must weigh less than 2,600 kg, which is enough to immediately exclude, for example, the all-new BMW i7. But she will still not resist the following rule: the loan will be limited to cars, the price of which does not exceed 45,000 euros, and vans, the price of which is equal to or less than 60,000 euros. The maximum loan amount will be 30,000 euros.
In the event of applying for an LOA or LLD, the loan amount will be reduced to €10,000.
Which income categories are affected?
Unsurprisingly, this new benefit will not be based on household income or business income. The people who have the right this interest-free loan includes the following:
- income tax on the net share is less than 14,000 euros
- companies with less than 10 employees, whose annual turnover does not exceed 2 million euros
- credit for a maximum of 7 years
The first experiments with this zero-rate loan will begin on January 1, 2023.
Source: Auto Plus
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