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The French government invests 8 billion euros to revive the car market to become the largest electric car manufacturer in Europe
May 30,2020 20:02CST
translation
The content below was translated by Tencent automatically for reference.

SMM5, March 30: recently, it has been reported that the French government is investing 8 billion euros in the country's auto industry to save the car market affected by the epidemic, and plans to take advantage of the epidemic crisis to become the number one electric car manufacturer in Europe.

Starting next week, consumers will receive a government subsidy of up to 12000 euros for every amount of electric cars they buy.

Mr Macron said that without great brands such as Renault, Peugeot and Citroen, the country would not be what it used to be. He said he would promote France as Europe's leading producer of environmentally friendly cars.

French economy and Finance Minister Le Meier said that if the government does nothing, Renault will be in danger. He stressed that Renault's transformation was "indispensable". Renault is still in discussions with the government on specific operational issues. It is reported that the 8 billion euros plan to revive the auto industry does not include the 5 billion euros of support previously announced by the government to Renault.

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