Friday, July 27, 2012

France boost EV and hybrid sales to aid ailing vehicle industry

The French government, dealing with the imminent closure of a Peugeot car plant, presented an help strategy for the flagging auto sector on Wednesday.
The new providing will boost money incentives for purchasers of fully electric cars to 7,000 euros ($ eight,500) from 5,000 euros at present.
Subsidies on hybrid cars, produced in France by Peugeot but also by Toyota, will double to four,000 euros.
The French government's help package will also totally free up 150 million euros in state-backed

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