France Thinks Europe Should Offer Biden-Style Subsidies To EU-Built EVs | Carscoops carscoops
, but requiring cars and important components including battery parts to be made locally to qualify for the full $7,500 subsidy.Bloomberg
, which highlights that EVs represented 12 percent of new car sales in France in the first seven months of 2022., some other European countries in the region still offer generous incentives to buyers of electric vehicles. French buyers can access grants of up to €6,000 when buying EVs priced at less than €47,000 . The subsidy will fall to €5,000 , but still represents a considerable saving and under the current rules is available to buyers of electric vehicles made outside of the EU.
Do you think each region should apply a U.S.-style protectionist system to its EV subsidies to protect its own industry and jobs, or is it unfair for consumers?
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