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Europe: French Government To Raise Electric Car Subsidies

The French government is expected to announce later Wednesday a plan to support the country’s automotive industry by expanding state-financed schemes to boost purchases of electric and low-carbon-emissions cars and introducing around 600 million euros of financing for investments, French business daily Les Echos reports, citing unspecific sources.
The government is to announce that the subsidy to buy an electric car will be increased to EUR7,000 from EUR5,000 initially while the subsidy to buy a low carbon emission car, such as a hybrid vehicle, will be increased by EUR100-EUR150, the newspaper also reports.
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