France to introduce rules to discourage “flipping” electric cars

June 07, 2022
France to introduce rules to discourage “flipping” electric cars
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With new electric vehicles in short supply some enterprising buyers in France have been selling their new cars on for a handsome profit which was made even sweeter by the addition of French government incentives. Recognising this, the French government is to introduce new rules that mean a new electric car will have to be owned for a year before it can be sold on. 


Like the rest of Europe, used-car prices have soared in France and with EVs especially desirable nearly new electric models are selling for well above the list price of a new car. With EV’s under €45,000 also getting a €6000 government grant, many buyers could not resist the temptation to “flip” their electric cars for a quick profit. 

However, under new rules buyers will have to repay the grant if they do not keep the EV for a year and complete a minimum of 6000KM.
 
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