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President Emmanuel Macron announced an 8 billion euro ($8.8 billion) plan on Tuesday to make France the top producer of clean vehicles in Europe and urged French carmakers to make vehicles in their own country. French President Emmanuel Macron, flanked by French Economy and Finance Minister Bruno Le Maire and French Minister for the Ecological and Inclusive Transition Elisabeth Borne, delivers a speech after a visit to a factory of manufacturer Valeo in Etaples, near Le Touquet, France May 26, 2020, as part of the launch of a plan to rescue the French car industry. Ludovic Marin/Pool via REUTERS
French car plants are only just starting to rev up production after the coronavirus lockdown, which hit the auto sector badly, and Macron wants to accelerate the transition to electric cars to help revive the industry.
“We need a motivational goal: make France Europe’s top producer of clean vehicles by bringing output (up) to more than one million electric and hybrid cars per year over the next five years,” Macron told a news conference.
But to help dealerships sell the 400,000 vehicles left unsold because of the lockdown, Macron said people buying a traditional car would also receive a 3,000-euro bonus under a scheme that would apply to three-quarters of households.
“Our fellow citizens need to buy more vehicles, and in particular clean ones. Not in two, five or 10 years – now,” Macron said following a visit to a Valeo (VLOF.PA) car parts factory in northern France.
No car model currently produced in France should be manufactured abroad, he said.
The government will not sign off on a planned 5 billion euro state loan for Renault until management and unions conclude talks over the carmaker’s French workforce and plants in France, Macron said.