Published by Global Banking & Finance Review®
Posted on April 10, 2026
2 min readLast updated: April 10, 2026
Add as preferred source on GoogleFrance will double state support—up to €10 billion annually through 2030—to shift from imported oil and gas to electricity, aiming to replace 20% of gas imports and install 1 million heat pumps per year.
By America Hernandez
PARIS, April 10 (Reuters) - France will double state support to 10 billion euros ($12 billion) a year through to 2030 to help its switch to electricity from oil and gas and their derivative fuels, its Prime Minister Sebastien Lecornu said on Friday.
Measures including boosting the use of electric vehicles and modernising home heating are meant to help wean France off imported energy to avoid disruptions like those caused by the Iran war, which has stopped oil and gas cargoes through the Strait of Hormuz and destroyed Gulf energy infrastructure.
"Today 60% of our energy consumption comes from these imported fossil fuels, though our domestically produced power is three times cheaper," Lecornu said in a televised address.
"As long as we depend on oil and gas, we will continue to pay the price of other people's wars, which unfortunately will continue and will impoverish us," he added.
Lecornu did not specify where the funding would come from, saying only that it would be done without new money, to ensure France met its public deficit targets.
France aims to replace 85 Terawatt-hours worth of gas, or 20% of its annual import bill, with domestic power by 2030.
To achieve this, it will install an extra million heat pumps a year to 2030, and block new gas boilers for heating in newly constructed buildings from next year.
By 2050, 2 million units of social housing will be off gas heating, Lecornu said.
The goal was also for two out of three new vehicles to be electric by 2030 in France, with the rollout of a social leasing programme on 100,000 EVs for low-income drivers and those who drive long distances on a daily basis for work.
Up to 100,000 euros per vehicle will also be available for electric utility vehicles and trucks, said Lecornu, who rejected the idea of lowering fuel taxes, which he said were costly to state coffers and only benefited oil-exporting countries.
($1 = 0.8530 euros)
(Reporting by Dominique Vidalon and America Hernandez; Editing by Sudip Kar-Gupta and Alexander Smith)
France will spend up to 10 billion euros ($11.72 billion) annually through to 2030.
The main goal is to reduce reliance on imported oil and gas by increasing the use of domestically produced electricity.
Measures include supporting electric vehicles, modernising home heating, installing heat pumps, and blocking new gas boilers in new housing.
France aims to replace 85 Terawatt-hours, or 20% of its annual gas import bill, with domestic electricity by 2030.
To reduce vulnerability to global energy disruptions and benefit from cheaper domestically produced nuclear power.
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