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France Adds Incentives To Make Sustainable Choices Affordable For All

By Brian Spaen

France is going to be adding incentives and taxes next year to persuade those that own older cars to upgrade to a cleaner, more efficient vehicle. They’ll also be improving housing insulation by switching over to more energy-efficient heating systems. All of these moves will be introduced when the government discusses the 2018 budget next week and the goal is to aid low-income families in switching over to sustainable options.

Around three million cars will be eligible for the switch, according to Reuters. Low-income families already have the ability to deduct anywhere from 500 to 1,000 euros to upgrade to a newer vehicle. This new move would give all citizens that registered a vehicle with a petrol engine before 1997 and/or a diesel engine before 2001 the same incentive.

On top of the new guidelines, environmental minister Nicolas Hulot is hoping to double the benefits for low-income families. That means up to 2,000 euros could be saved when upgrading the vehicle. For families that need a second vehicle, they could receive a deduction that’s up to half of the new car’s value.