Skip to main content
Sister Publication Links
  • Automotive News
  • Automobilwoche
  • Automotive News Canada
  • Automotive News China
Subscribe
  • Subscribe
  • Newsletters
  • Login
  • HOME
    • Latest news
    • Automakers
    • Suppliers
    • New Product
    • Environment/Emissions
    • Sales By Market
    • On The Move
    • Auto Shows
    • Munich Auto Show
    • Geneva Auto Show
    • Paris Auto Show
    • Beijing Auto Show
    • Shanghai Auto Show
  • Features
    • Long Read
    • Interview of the Month
    • Focus on Electrification
    • Focus on Technology
    • Segment Analysis
    • Cars & Concepts
    • Supplier Spotlight
    • Europe By The Numbers
  • Opinion
    • Blogs
    • Commentary
    • Guest columnists
  • Photos
    • Photo Galleries
    • Geneva Photo Gallery
    • Beijing Photo Gallery
    • Frankfurt Photo Gallery
    • Paris Photo Gallery
    • Shanghai Photo Gallery
  • Podcasts
  • Car Cutaways
  • EVENTS
    • ANE Congress
    • ANE Rising Stars
    • ANE Eurostars
  • More
    • Publishing Partners
    • Social Media
    • Contact Us
    • Media Kit
    • About Us
    • Capgemini: Invent Head on automotive takeaways from CES 2023
    • Capgemini: Securing the industry's future through a radical rethink
    • Capgemini: Succeeding with the automated driving journey through AI
    • Capgemini: The circular economy is spurring new thinking on EV batteries
    • Capgemini: Toyota and Capgemini leaders on how OEMs can handle industry changes and succeed
    • HEXAGON: Plugging into data is the only way to make winning EVs
    • TUV Rheinland: Ideas, services and certifications for smart mobility
    • TUV Rheinland: Testing of automated and autonomous vehicles on test tracks
    • Toyota Europe
    • UFI Filters
    • Facebook
    • Instagram
    • LinkedIn
    • Twitter
MENU
Breadcrumb
  1. Home
  2. Retail
June 03, 2022 04:03 AM

France makes it harder to quickly resell new electric cars for profit

France will make it harder to profitably "flip" new EVs bought with government incentives.

Peter Sigal
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print
    Tesla Model 3 Performance Red

    Until a recent price hike, Tesla offered the Model 3 (performance edition shown) in France at just under 45,000 euros, making it eligible for a 6,000-euro government bonus.

    PARIS -- France has put in place new rules that make it harder to profitably "flip" new electric cars bought with state incentives, including requiring owners to keep the car for a year before they can resell it.

    Under the new French rules, owners must keep their new EV for 12 months instead of six, and must drive a minimum of 6,000 km (3,728 miles). If either of those conditions are not met, the incentive must be reimbursed to the government.

    Used-car prices have soared in recent months, with new cars scarce due to supply chain issues. Full-electric cars have become particularly desirable due to the increase in gasoline and diesel prices driven by the war in Ukraine.

    For example, a search on Reezocar, a Europe-wide online used-car broker, found a number of 2020-21 Tesla Model 3s asking above list price, with 6,000 to 15,000 km.

    Tesla had tailored its prices and specifications to meet French incentive limits, and according to the French magazine L'Automobile, there were instances of French buyers selling nearly-new Teslas in other countries, where prices are higher.

    Until a recent price hike, Tesla sold a version of the Model 3 sedan in France at just below the 45,000-euro ($48,400) limit to receive the maximum incentive of 6,000 euros.

    France’s EV bonus is one of the most generous in Europe. Private buyers of cars 45,000 euros and under can get 6,000 euros (incentive cannot exceed 40 percent of the price), and 1,000 euros for cars between 45,000 and 60,000 euros. Electric commercial vans come with a 7,000-euro incentive.

    Plug-in hybrids are eligible for a 1,000-euro bonus. 

    Professional buyers are eligible for slightly smaller incentives.

    Buyers can also receive a government bonus for turning in older diesel and gasoline models if they buy a new or used zero- or low-emissions vehicle.

    RECOMMENDED FOR YOU
    Ford shuns Tesla-style EV price cuts in Europe
    Recommended for You
    Ford Mustang Mach E 2021 Munich auto show
    Ford shuns Tesla-style EV price cuts in Europe
    VW electric car family
    VW will not match Tesla price cuts for its EVs, CEO Blume says
    Mach-e-v2_0.png
    Ford follows Tesla price cuts by taking up to $5,900 off Mustang Mach-E
    Capgemini Invent Head on automotive takeaways from CES 2023
    Sponsored Content: Capgemini Invent Head on automotive takeaways from CES 2023
    Sign up for free newsletters
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    You can unsubscribe at any time through links in these emails. For more information, see our Privacy Policy.

    Get Free Newsletters

    Sign up and get the best of Automotive News Europe delivered straight to your email inbox, free of charge. Choose your news – we will deliver.

    You can unsubscribe at any time through links in these emails. For more information, see our Privacy Policy.

    SUBSCRIBE TODAY

    Get 24/7 access to in-depth, authoritative coverage of the auto industry from a global team of reporters and editors covering the news that’s vital to your business.

    SUBSCRIBE NOW
    Connect with Us
    • Twitter
    • Facebook
    • LinkedIn
    • Instagram

    Founded in 1996, Automotive News Europe is the preferred information source for decision-makers and opinion leaders operating in Europe.

    Contact Us

    1155 Gratiot Avenue
    Detroit MI  48207-2997
    Tel: +1 877-812-1584

    Email Us

    ISSN 2643-6590 (print)
    ISSN 2643-6604 (online)

     

    Resources
    • About us
    • Contact Us
    • Advertise with us
    • Advertise with Us
    • Ad Choices Ad Choices
    • Sitemap
    Awards
    • Rising Stars
    • Eurostars
    • Leading Women
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Automotive News Europe
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • HOME
      • Latest news
      • Automakers
      • Suppliers
      • New Product
      • Environment/Emissions
      • Sales By Market
      • On The Move
      • Auto Shows
        • Munich Auto Show
        • Geneva Auto Show
        • Paris Auto Show
        • Beijing Auto Show
        • Shanghai Auto Show
    • Features
      • Long Read
      • Interview of the Month
      • Focus on Electrification
      • Focus on Technology
      • Segment Analysis
      • Cars & Concepts
      • Supplier Spotlight
      • Europe By The Numbers
    • Opinion
      • Blogs
      • Commentary
      • Guest columnists
    • Photos
      • Photo Galleries
      • Geneva Photo Gallery
      • Beijing Photo Gallery
      • Frankfurt Photo Gallery
      • Paris Photo Gallery
      • Shanghai Photo Gallery
    • Podcasts
    • Car Cutaways
    • EVENTS
      • ANE Congress
      • ANE Rising Stars
      • ANE Eurostars
    • More
      • Publishing Partners
        • Capgemini: Invent Head on automotive takeaways from CES 2023
        • Capgemini: Securing the industry's future through a radical rethink
        • Capgemini: Succeeding with the automated driving journey through AI
        • Capgemini: The circular economy is spurring new thinking on EV batteries
        • Capgemini: Toyota and Capgemini leaders on how OEMs can handle industry changes and succeed
        • HEXAGON: Plugging into data is the only way to make winning EVs
        • TUV Rheinland: Ideas, services and certifications for smart mobility
        • TUV Rheinland: Testing of automated and autonomous vehicles on test tracks
        • Toyota Europe
        • UFI Filters
      • Social Media
        • Facebook
        • Instagram
        • LinkedIn
        • Twitter
      • Contact Us
      • Media Kit
      • About Us