26 Jul '12, 2pm

France looks to EV and hybrid cars to boost ailing car industry: The French government has announced it is to in...

France looks to EV and hybrid cars to boost ailing car industry: The French government has announced it is to in...

The French government has announced it is to increase subsidies for electric and hybrid vehicles, as the country works to kick-start its weakening car industry. Grants for electric cars will increase from €5,000 to €7,000 and up to €4,000 for hybrid vehicles, increased from €2,000 and benefitting both private buyers and company car customers. The new subsidies revealed as part of a new ‘Automotive Plan‘will be available until the end of the year, when the Government will consider extending them into 2013. News of the extended support for low emission vehicles follows an announcement from the country’s biggest car firm, PSA Peugeot Citroen, that it is to cut up to 8,000 jobs in France and close its plant in Aulnay near Paris. Revealing record losses €819 million in the first half of this year, PSA welcomed the subsidies. As the first car company in the world to start produc...

Full article: http://www.thegreencarwebsite.co.uk/blog/index.php/2012/0...

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