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Drivers of large and powerful cars are having an increasingly difficult time in France: Paris voters recently decided to introduce a significant increase in parking fees for SUVs. Now fans of high-horsepower sports cars may be in trouble, or rather their wallets. Because our neighbor will significantly increase the penalty tax again in 2024, especially on vehicles with high CO₂ emissions.
Additional fee up to 60,000 Euros
From this year, France’s proposed law provides for a punitive tax on cars with CO₂ emissions above 117 g/km according to the WLTP procedure (see box). Problem: The amount of fines increases exponentially. If 100 euros are still due at 120 g/km, this amount increases 22 times to 2205 euros at 150 g/km!
In cars such as the Toyota GR Yaris, an extremely popular compact sports car for us, pollutant emissions eventually reach the point of absurdity. The price of the small fast hatchback from Japan is 46,300 euros in France with a manual transmission and 48,800 euros with an automatic transmission. At 210 g/km, the CO₂ emissions of the machine are so high that the maximum penalty payable is: 60,000 Euros! The new car more than doubles the cost, costing almost 110,000 euros. It’s no surprise that “only” 300 units are on sale in France.
The cost of sports cars is becoming almost unaffordable
In general, such taxes make it difficult for sports car enthusiasts with smaller budgets to consider purchasing a sporty car. Even the base version of the Alfa Romeo Giulia will soon cost an additional 45,990 euros in France, and the Golf R will be at least 18,858 euros more expensive. The law aims to encourage consumers to choose more environmentally friendly options when purchasing cars. However, this means that customers, especially in the lower price segment, are denied access to sporty vehicles.
Additionally, the new law represents a huge increase compared to the current law. Previously, a smaller penalty of €50,000 had to be paid for pollutant levels of only 226 g/km; this was 33 grams more than in the new draft. The maximum amount has also been increased by 10,000 euros and is no longer limited; previously it could not be higher than 50 percent of the purchase price.
There is at least a small consolation for French car lovers: For every year a car is registered, the penalty tax is reduced by five percent. This means that a ten-year-old car is already half exempt from penalty tax, and from twenty years old it is completely exempt from penalty tax.
Source: Blick
I’m Ella Sammie, author specializing in the Technology sector. I have been writing for 24 Instatnt News since 2020, and am passionate about staying up to date with the latest developments in this ever-changing industry.
