Buying an electric car with a zero -rate loan: a little more patience is coming soon

To be able to be granted this loan, We must also not exceed 35 % debt after subscription to the latter. However, a driver who earns less than 14,000 euros per year, or around 1,166 euros per month, will have very little chance of seeing his file accepted if he has already taken out a mortgage or consumer consumption. Which therefore still complicates things.

A zero rate loan to buy a clean vehicle

This content was published under the government of the Prime Minister, Jean Castex.

The contraction of such a loan will be possible in “low mobility emission zone” (ZFE-M) from January 1, 2023, and for a two-year experiment. Details.

Acquiring a clean vehicle with a zero rate loan, it cannot be refused. And, this will be possible in “low mobility emission zone” (ZFE-M) from January 1, 2023 and for a two-year experiment.

Conditions are however required to benefit from this zero rate loan.

Eligible areas

Indeed, individuals or interested companies must be domiciled in:

• intercommunality part of the territory is located in“Low mobility emission zone” (ZFE-M) regularly exceeding air quality standards;
• intercommunality bordering the latter.

Concretely, the inhabitants of ZFE-M of:

The beneficiary zones are intended to extend gradually in 2023, after the publication of local data on air quality in 2022.

Start assessment in 2025

The objective of this incentive measure is to improve air quality and protect the health of residents in agglomerations where the pollution threshold is reached. In 2025, at the end of the experiment, an evaluation report will be established by the Minister responsible for the economy and the Minister responsible for transport.

You can combine aid

Note: this operation can be combined with aid for the acquisition of little polluting vehicles (ecological bonus and conversion bonus)).

In fact, the loan amount cannot exceed the cost of acquiring the vehicle, deduction of public aid.

The amount is capped at € 30,000 in the case of a purchase and € 10,000 in the case of a rental.

What are the vehicles eligible for purchase ? Cars and vans of less than 2.6 tonnes whose emissions are less than or equal to 50g of CO2/km: vehicles in particular rechargeable, electric or hydrogen hybrid.

Buying an electric car with a zero -rate loan: a little more patience is coming soon

Promised by Emmanuel Macron last year, the loan at zero rate for the purchase of an electric car pedal a little in the semolina. Indeed, several eligible motorists have been refused their request by banks. It’s “normal”, and we explain why.

The government is very invested in the development of the electric car in France, while sales of thermal models should be prohibited in Europe in 2035. Except that between promises and results, there is a whole world. We saw it with the objective of the 100,000 terminals announced for the end of 2021, which has still not been reached. But it is not the only disappointment by our government.

Blurred conditions

The latter had also promised the implementation of social leasing with electric cars at 100 euros per month. This one should finally see the light of day at the end of the year, when the government seemed to have forgotten it a little. Same thing for the price shield on the charging stations, finally set up for a few weeks. But the government also announced in May 2022 The arrival of a slightly special zero -rate loan.

This one, froma maximum amount of 30,000 euros, The aim of helping the most modest motorists to buy a new electric or hybrid car. The beneficiaries will have seven years to reimburse this credit, Without any interest in paying the bank. On paper, all this obviously seems very enticing. But the reality is unfortunately any other, and some motorists pay the price.

This is particularly the case with a Fandroid reader (William), who wants to buy a new electric car and who meets all the criteria making him eligible for this PTZ (zero rate loan). As he specifies in an email exchange that we were able to consult, his workplace is in a ZFE and he earns less than 14,000 euros per year, the conditions mentioned by the Climate and resilience law passed in August 2021.

However, no bank among all those he consulted has agreed to take charge of your file and apply the system. And William is not an isolated case, since another motorist also eligible on paper, Flavio claims to be ” spent asking his bank where nobody knew this offer “As he explains to journalists to Caradisiac.

Why such a micmac ?

But how is it, when the experiment around this level-zero loan should have started on January 1 ? First of all, if the Decree n ° 2022-615 of April 22, 2022 Frame this measure, In any case, it obliges banking organizations to grant this credit, As is the case for a real estate purchase for example. The bank can thus hide behind banking secrecy and ” appreciates under his own responsibility the solvency of borrowers and the reimbursement guarantees that they present »Can we read in the decree.

For this loan to be possible, banks must have signed an agreement with the State. However, this has not yet been done. Moreover, the Minister of the Economy confirms it, saying that ” This agreement is currently the subject of a consultation with credit institutions and financing companies in order to allow the upcoming marketing of the product“” . The concern could be settled at the start of the next school year, in September, but nothing has yet been confirmed by the government. But there is another constraint to take into account.

To be able to be granted this loan, We must also not exceed 35 % debt after subscription to the latter. However, a driver who earns less than 14,000 euros per year, or around 1,166 euros per month, will have very little chance of seeing his file accepted if he has already taken out a mortgage or consumer consumption. Which therefore still complicates things.

At first glance, not all ZFEs are affected. It would seem that only the following ZFEs open the right to this zero rate loan: Metropolis of Greater Paris, Lyon, Aix-Marseille and Rouen. We should know more when the decree is published.

This is added to the criteria in terms of price of the chosen vehicle. Because alone cars less than 45,000 euros and vans of less than 60,000 euros are eligible for this device. They must also limit their maximum load weight in charge (PTAC) to 2.6 tonnes and display CO2 emissions less than 50 grams per kilometers. Citadines like the Peugeot E-208 and other Dacia Spring should therefore be one of the only eligible cars, as well as the Future Renault 5 electric.

It remains to be seen whether the government is not going one day Reserve this loan for vehicles produced in Europe, As he already plans to do with the ecological bonus. Thus, the Low-Cost city car would be excluded from this device, just like the MG4.

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