acf domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/ecg/ecgassociationdev/wp-includes/functions.php on line 6121Automotive News Europe — 2024-11-29
Automotive Industry
France will sharply reduce subsidies for electric-car purchases in the coming days, with a new scale ranging from €2,000 to €4,000 based on income, down from the previous range of €4,000 to €7,000, a government source said.
The move is part of broader efforts to rein in public spending and plug a massive hole in the state budget. It adds to carmakers’ headaches as they are already struggling with sluggish electric-vehicle demand.
“The government remains firmly committed to the electrification of light vehicles ... but the budgetary context is extremely constrained,” the government official told reporters.
The government also targets total public aid for vehicle electrification of around €1 bn ($1.05 bn) in 2025, down from slightly over €1.5 bn this year.
Roughly 70% of the new amount will go toward purchase bonuses, with the remainder supporting commercial vehicles and funding the so-called social leasing plan for low-income households.