Carmakers apply for French EV subsidies under more stringent rules
Automakers will from Tuesday submit the specifications of their electric vehicles to French authorities in the hope they can continue to benefit from subsidies under new conditions that are likely to edge out many Chinese models.
Automakers will from Tuesday submit the specifications of their electric vehicles to French authorities in the hope they can continue to benefit from subsidies under new conditions that are likely to edge out many Chinese models. Amid fierce competition in the electric vehicle (EV) sector, the environmental score of each model will be based on the whole production cycle, factoring in carbon emissions for the transportation of the cars and the materials and energy sources used to build them.
Automakers will from Tuesday submit the specifications of their electric vehicles to French authorities in the hope they can continue to benefit from subsidies under new conditions that are likely to edge out many Chinese models.
Amid fierce competition in the electric vehicle (EV) sector, the environmental score of each model will be based on the whole production cycle, factoring in carbon emissions for the transportation of the cars and the materials and energy sources used to build them.
Tesla's Model Y and Model 3, and the Dacia Spring are among the EV models most sold in France, and they are built in China, as is the increasingly popular MG4, built by China's SAIC group.
The government subsidy for electric cars stands at 5,000 euros ($5,270) for most households, and 7,000 for poorer ones.
Car producers should get a response around December 15 and will be allowed to appeal any negative decision.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI 444-day FD vs PNB 400-day FD: Here's what general and senior citizens will get in maturity on Rs 3.5 lakh and 7 lakh investments in special FDs?
Looking for short term investment ideas? Analysts suggest buying these 2 stocks for potential gain; check targets
SCSS vs FD: Which guaranteed return scheme will give you more quarterly income on Rs 20,00,000 investment?
Power of Compounding: How long it will take to build Rs 5 crore corpus with Rs 5,000, Rs 10,000 and Rs 15,000 monthly investments?
10:30 AM IST