It is now possible to release your employees’ savings before the 5-year regulatory deadline required to finance the purchase of a car or electric bicycle. According to Decree No. 2024-690 of 5 July 2024, three new reasons can be invoked to release their business savings plan (PEE): the energy renovation of their main residence, covering expenses incurred as a caregiver or purchasing a “clean vehicle”.
This decree thus implements the law of 29 November 2023 on the distribution of values, a law that takes up the agreement reached on this subject between the social partners.
Electric car, hydrogen car or electrically assisted bicycle
From 6 July, employees can unlock this saving to buy a car, van or motorised quadricycle (a car without a licence), as long as it is electric or hydrogen-powered. They will also be able to buy electric bicycles or 2 or 3-wheel motorised bicycles, again electric.
As specified by Groupama, a purchase order or invoice will be required to justify the release of the PEE and this request may be made within six months from the date of the proof of payment.
A PEE is usually blocked five years after payment, and there are a dozen reasons for its release, such as marriage, the birth of a third child or even over-indebtedness.
Source: BFM TV
