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France to Institute Vehicle Feebate Based on CO2 Emissions; $7,300 Bonus for Electric Cars
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Written on: 16 December 2007 [17:01]
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ecoadmin
Administrator
registered since: 20.07.2007
Posts: 585
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From greencarcongress.com France’s Ministry of Ecology (Ministère de l’écologie, du développement et de l’aménagement durables) announced a new feebate system based on CO2 emissions for new vehicle purchases. Under the scheme, a bonus will be paid to purchasers of new passenger cars emitting less than 130 g CO2/km, which now represents about 30% of sales. The bonus will be supplemented by an extra payment when the acquisition of the vehicle is accompanied by the scrapping of a vehicle that is more than 15 years old. Conversely, buyers of new vehicles that emit more than 160 g CO2/km will pay a penalty. This will affect approximately 25% of new vehicles sold. Buyers of vehicles emitting between 130-160g CO2 will not receive a bonus nor will they pay a tax. This “neutral zone” will apply to about 45% of vehicle purchases. The payments and the penalties are based on a sliding scale—the less (or more) carbon dioxide emitted, the greater the payment or penalty, respectively. The threshold points for payments or penalties will advance 5 g CO2/km every two years to encourage ongoing development efforts. To encourage the development of extremely low emission vehicles—especially electric vehicles, the government has a special bonus of €5,000 (US$7,300) for the purchase of vehicles emitting less than 60 g CO2/km. http://www.greencarcongress.com/2007/12/france-to-insti.html#more  Well done France! That makes many eco-friendly vehicles more affordable. I find this a brave step into the right direction. Whats your opinion? Twike 890
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