PICTURED ABOVE: Arnaud Montebourg, minister for industrial recovery, at a press conference in Paris, Wednesday, July 25, 2012.
France plans to save car industry by going green
“France isn’t abandoning its automotive industry,” Prime Minister Jean-Marc Ayrault said Wednesday after a Cabinet meeting on the plan.
Hollande’s government hopes France can carve out a space for its auto industry by driving hard into environmentally friendly cars — a sector the country’s automakers are already prominent in. The plan includes a variety of measures aimed at rewarding companies that invest in green technology and drivers who buy environmentally-friendly cars.
The main part of the government’s plan is to increase the rebates French consumers receive for buying an electric or hybrid car — no matter who makes it. The government estimates that it expects to pay out around €500 million ($600 million) in such rebates next year.
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