Scholz Says EU Is Preparing Bloc-Wide Incentive Plan for EVs
- German leader says EU’s von der Leyen is considering idea
- Trump ordered US to roll back subsidies for EVs in the US
Olaf Scholz addresses the World Economic Forum in Davos, Switzerland, on Jan. 21.
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
The European Union is working on a proposal for bloc-wide purchase incentives for electric vehicles to support the bloc’s struggling automakers, German Chancellor Olaf Scholz said Tuesday.
Speaking at the World Economic Forum in Davos one day after US President Donald Trump took office, Scholz said Europe’s response to a growing number of global challenges must be an economically stronger Europe with more competitive industry and less bureaucracy.