Hyperdrive
France Rejigs Rules for EV Aid, Leaving Out Most China-Made Cars
- Paris also kicks off €100/month leasing for poorer households
- Macron says he wants to promote local EV, battery production
France is offering the variable rebate based on household income on cars costing less that €47,000.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
France unveiled a list of EVs eligible for subsidies of as much as €7,000 ($7,640) per car that partly hinges on their environmental footprint and effectively excludes vehicles made in China.
“We will no longer subsidize vehicles that emit too much CO2,” Finance Minister Bruno Le Maire said in a statement. “Car manufacturers will be encouraged to decarbonize their production processes to gain access to the bonus.”