Thursday, July 26, 2012

France enhance EV and hybrid sales to aid ailing auto industry

The French government, dealing with the imminent closure of a Peugeot automobile plant, presented an aid plan for the flagging auto industry on Wednesday.
The new offering will boost cash incentives for purchasers of completely electric automobiles to 7,000 euros ($ eight,500) from five,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 aid package will also free of charge up 150 million

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