France is rapidly embracing electric vehicles (EVs) as part of its commitment to reducing carbon emissions and promoting sustainable transportation. This transition is bolstered by various funding opportunities and incentives available for individuals, businesses, and communities interested in installing EV charging stations. In this comprehensive guide, we will delve into these funding options, with a particular focus on the Advenir program, and explore other valuable subsidies.
The Advenir Program: Driving EV Charging Expansion
At the forefront of France’s efforts to expand its EV charging infrastructure is the Advenir program. With a substantial budget of 320 million euros, Advenir aims to finance the installation of an impressive 175,000 new charging points by 2025. This ambitious initiative is open to a wide range of stakeholders, including individuals, companies, and communities, and offers various funding options to support the growth of EV charging networks.
Advenir primarily provides grants for the installation of charging stations dedicated to fleets and employees of companies. However, an important point to note is that, as of January 1, 2023, projects aimed at installing charging points for fleets or employees are no longer eligible for Advenir support if the application was not submitted and approved before this date.
Eligibility criteria
- Projects initiated by concessionaires or automotive garages are subject to specific conditions, reflecting the diverse ecosystem involved in expanding EV charging infrastructure.
- Stringent Technical Requirements: To qualify for the Advenir grant, applicants must adhere to all technical requirements outlined by the program, as well as comply with current regulations. These requirements ensure that the charging stations meet safety and performance standards, promoting the reliability of the charging network.
Grant amount
The Advenir grant is designed to incentivize the installation of EV charging infrastructure. It covers 20% of the pre-tax amount for the supply and installation of financed charging points, with a cap set at 600 euros per charging point. This financial support aims to alleviate some of the initial costs associated with setting up charging stations, making it an attractive opportunity for various entities interested in contributing to the EV revolution.
Tax credit for charging stations
The Finance Law for 2024, as published in the Official Journal, introduces several measures aimed at promoting electric mobility. Among these measures are provisions to reinforce taxation on thermal vehicles, including CO2 and weight penalties, encouraging a shift towards cleaner alternatives. The law further boosts electric mobility by increasing the ceiling of the charging station tax credit to €500, incentivizing the installation of controllable charging stations. Additionally, retrofitted vehicles are deemed eligible for the additional depreciation system until 2030, providing further support for sustainable transportation. Moreover, an incentive tax related to the reduction of greenhouse gas emission intensity in transport is set to be established from January 1, 2026 (TIRRIEGEST). These measures collectively contribute to fostering a greener and more sustainable landscape in the realm of transportation.
Paris Multi-Unit Dwellings
For multi-unit dwellings in Paris, funding is available to install technical equipment that facilitates the integration of EV charging stations. This funding covers a substantial 60% of the remaining cost, excluding VAT, with a cap of 4,000 euros. It’s important to note that this financial aid is not extended to professionals managing collective housing. This initiative encourages the development of EV charging solutions in urban settings, aligning with Paris’s commitment to sustainable mobility.
Company Car Tax Benefits
If you’re a business operating in France, there are tax benefits associated with adopting EVs for your fleet. The TVS Tax (Taxe sur les véhicules de société) is a tax applicable to company cars. It is composed of two components, one of which is based on CO2 emissions (or horsepower for older vehicles). Importantly, electric vehicles emitting less than 60g/km of CO2 are fully exempt from this company vehicle tax. This exemption serves as a strong incentive for businesses to transition to eco-friendly electric fleets.
France’s commitment to electric mobility is underscored by its generous funding opportunities and incentives for EV charging infrastructure. Whether you’re an individual, a business, or a community, these programs can help you contribute to a greener future while enjoying substantial financial benefits. As the EV revolution gains momentum, leveraging these funding opportunities not only supports France’s sustainability goals but also positions you at the forefront of a transformative transportation landscape.
