Friday, July 27, 2012

France boost EV and hybrid sales to aid ailing car sector

The French government, dealing with the imminent closure of a Peugeot vehicle plant, presented an help program for the flagging auto market on Wednesday.
The new offering will increase cash incentives for purchasers of fully electric vehicles to 7,000 euros ($ eight,500) from 5,000 euros at present.
Subsidies on hybrid vehicles, produced in France by Peugeot but also by Toyota, will double to four,000 euros.
The French government's help package will also free up 150 million euros in

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