By lowering the prices of its high-end cars, automaker Tesla is making it possible for them to qualify for government subsidies through environmental bonuses. As a result, demand for Tesla cars increased sharply, negatively affecting sales of models from French manufacturers such as Renault and Stellandis.
Is US manufacturer Tesla about to seize French environmental bonus? A growing number of American company models benefit from this financial incentive to buy eco-vehicles. Ouari decided to take the plunge. “It’s a €45,000 car, so getting €6,000 is significant,” explains the driver. This significant government support, between 5,000 and 7,000 euros, exploded Tesla’s sales. The Model Y became the best-selling model in the first quarter of 2023.
French manufacturers are distraught
This observation infuriates French manufacturers, who do not understand why an environmental bonus would benefit an American company. To avoid this, the government plans to provide this assistance only to cars manufactured in Europe. However, Tesla would have already been in the lead in anticipation of this move. Other criteria may be added to the environmental bonus, particularly in favor of cars produced with low-carbon energies such as nuclear.
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