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“There has never been such a difficult situation in the (automotive) sector, which generates almost 16 percent. Our industry’s revenue,” said the French president.
And the statistics are ruthless. As a result of the quarantine measures implemented during the coronavirus, car sales and revenue fell approximately 90% compared to the same period last year.
The entire French auto industry and well-known manufacturers such as Peugeot, Renault and Citroen have been affected. It is estimated that by the end of June, the number of unsold cars could reach half a million. The jobs of the 400,000 professionals working in the sector are also threatened.
It is clear that a vital industry revitalization is needed for France, and on Tuesday French President Emmanuel Macron announced 8 billion. euro promotion plan.
The President calls this a “historic” intervention that will not only revitalize the entire auto industry, but will also make the French electric car industry the largest in Europe. Yes, the focus will be on hybrid and ultra electric cars and their development.
Specifically a billion. The funds provided in this package will be used for direct subsidies, whose main objective is to increase the sales of clean vehicles and, at the same time, their production.
The president’s goal is to reach the production of one million green cars per year by 2025 and 8 billion. The euro package will give a big boost to this end.
The best news in the news is that “about three-quarters of the French will feel the immediate benefits,” says Emmanuel Macron.
The French president has promised to allocate 7,000. Subsidy in euros (instead of the 6 thousand current cars) for each person who buys an electric car, 5 thousand euros. EUR for each electric car purchased by companies and 2,000. for a hybrid electric car
Additionally, beginning June 1, residents who reject a gasoline car will receive additional incentives. If they choose a less polluting vehicle, they will receive 3 thousand. The benefit will amount to 5,000 euros, and if the gasoline car becomes electric, the benefit will amount to 5,000 euros. euros
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