electric-vehicle.png

electric-vehicle.png

Pixabay


With the changeover to 1and August, the scrapping premium has just undergone a major revision . Downward, which could incidentally slow down the automotive market. The one for electric and hybrid cars remains unchanged for the more modest ones. Clubic makes a full point.

In an effort to save money, the government was forced to revise its copy concerning the scrapping premium (or conversion premium). Effective Thursday, 1and August 2019, the premium rules exclude useddiesels, and the amount of conversion assistance is now based on the benchmark tax income per unit (RTS/unit), not on whether or not it is taxable. The new Minister of Ecological Transition, Élisabeth Borne, justified the measure by referring to a “tax justice“. Here’s what’s different about the scrappage bonus.

Who is entitled to the scrapping premium?

Things have changed a little bit in that regard, as we were saying. First of all, remember that when you trade in your old vehicle for a new one, it is the first registration date of the vehicle that is taken as proof.

For example, you are eligible for the premium if you return a diesel vehicle from before 2001 (not classified under Crit’air 5) and your RTS/part is greater than 13,489 euros. For a diesel vehicle registered before 2006 (Crit’air 4), your RFR/part must be less than or equal to 13,489 euros. Finally, all households that scrap their petrol vehicle from before 1997 and not classified as a Crit’Air sticker, can benefit from the scrappage premium.

Note that the vehicle to be destroyed must have been owned by you for at least one year. It must also be insured on the date of invoice and registered in France.

LegiPermit

What vehicles can be purchased?

Very clearly, the government wants to encourage the purchase of “clean”vehicles. It does not impose any income requirement for the purchase of aelectric vehicle. For a rechargeable hybrid model, the reference tax income is set at a maximum of EUR 21 690. If you have in mind to buy a petrol or diesel vehicle, the RFR must not exceed €13,489 (€26,978 for a couple without children and €40,467 for a couple with two children).

While the maximum consumption of CO2 per kilometre (CO2/km) was not to exceed 122 grams until 1and August, its level was lowered to 116 grams of CO2/km. The State has also set the price of the vehicle purchased at a maximum of EUR 60 000 including tax in order to be eligible.

The conversion premium is now valid for the purchase of a Crit’air 1 petrol car (new or used, registered after 1andJanuary 2011), a Crit’air 2 diesel car (registered after 1and September 2019), a electric car (new or used 20 grams of CO2/km max.), and a rechargeable hybrid car (new or used between 20 and 50 grams of CO2/km max.).

What is the amount of the premium?

If you scrap a vehicle covered by the scheme and your reference tax income corresponds to the government’s requirements, you can then find out the amount of your premium.

Unsurprisingly, the amount is higher if you purchase a electric vehicle or aplug-in hybrid, since it is 2,500 euros if the vehicle’s electric range is more than 40 or 50 km. It should be noted that the amount of the bonus for the purchase of one of the eligible vehicle types can be doubled to 5,000 euros (the so-called “ecological bonus”) if your RFR/part is less than 6,300 euros (or 13,489 euros for drivers who certify driving more than 60 km/day or 12,000 km/year), up to a limit of 80% of the value of the vehicle.

LegiPermit


The amount of the scrapping premium for the 2019 version is 1 500 euros for the purchase of a Crit’air 1 petrol vehicle (new or second-hand), a diesel vehicle Crit’air 2 (registered after on 1and September 2019) or a rechargeable hybrid (limited range). Here too, it is possible to benefit from the ecological bonus (bonus of 3,000 euros), under the same conditions as for the purchase of an electric or plug-in hybrid vehicle.

The purchase of a new electric motorcycle (two-wheelers, motorised three-wheelers and electric quadricycles) gives rise to a premium of EUR 1 100 for households with an RTS/unit of EUR 13 489 or less. The others are only entitled to 100 euros.

IMPORTANT: If you purchase a Crit’air 2 petrol or diesel vehicle registered before 1and September 2019, it is no longer eligible for thescrappage bonus.

So, now you know all about the new scrappage bonus. You should also know that sites such as vendezvotrevoiture.fr (partner of the State) offer a free estimate in just a few minutes.

Source: LegiPermit