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France to Reduce Rebate Amounts in Cash-For-Clunkers Program

An electric vehicle charging station street sign sits on display in Paris, France, on Wednesday, May 27, 2020. President Emmanuel Macron’s plan includes incentives for the purchase of electric cars, cash-for-clunkers to encourage consumers to trade in older, more polluting cars and subsidies for struggling car-parts makers.
Photographer: Adrienne Surprenant/Bloomberg

France plans to reduce incentives it put in place in June aimed at helping the auto sector claw back from a deep slump triggered by the coronavirus.

On Aug. 3, the cash-for-clunkers incentives, in which owners can get rebates when they trade in older, more polluting vehicles for new ones, will return to their levels before June, the French environment ministry said in a statement on Saturday.