Thursday, July 26, 2012

France enhance EV and hybrid sales to help ailing auto market

The French government, dealing with the imminent closure of a Peugeot car plant, presented an help program for the flagging auto market on Wednesday.
The new offering will boost cash incentives for purchasers of totally electric vehicles 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 4,000 euros.
The French government's aid package will also totally free up 150 million euros in state-backed

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