Thursday, July 26, 2012

France boost EV and hybrid sales to help ailing vehicle sector

The French government, dealing with the imminent closure of a Peugeot vehicle plant, presented an aid plan for the flagging auto industry on Wednesday.
The new supplying will increase cash incentives for purchasers of completely electric vehicles to 7,000 euros ($ eight,500) from 5,000 euros at present.
Subsidies on hybrid cars, made in France by Peugeot but also by Toyota, will double to 4,000 euros.
The French government's aid package will also cost-free up 150 million euros in

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