France awaits EV revolution as China's President Xi Jinping lands in Paris
India, May 7 -- The French government signed a wide-ranging pact with the automotive industry on Monday that sets new targets for electric vehicle sales, just as Chinese President Xi Jinping arrived for a state visit clouded by trade tensions in the sector.
The contract between the government, French business groups and unions aims for a fourfold increase in the sale of 100% EVs to 800,000 a year in 2027. It also targets a sixfold increase for electric light commercial vehicles to 100,000 a year.
While there's no explicit amount specified for new subsidies, the government will repeat pledges to continue with support for EV purchases and leases. The contract also has a chapter on "ensuring our sovereignty" that includes stress testing su...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.