The French government has announced an $13.20bn ($13.16bn) rescue plan for its car industry, which has been severely impacted by the coronavirus pandemic.
President Emmanuel Macron’s proposal includes $1.65bn to provide grants of up to $11546.55 to encourage citizens to purchase electric vehicles.
It also puts money toward investments to make France a centre for electric vehicle output.
The plan comes as the industry braces for thousands of job cuts.
In return for the relief, the two main French car producers Renault and PSA have promised to focus production in France.
“We need a motivational goal – make France Europe’s top producer of clean vehicles by bringing output to more than one million electric and hybrid cars per year over the next five years,” President Macron told reporters at a press conference at the Valeo car factory in Etaples, northern France on Tuesday
source – bbc
