Renault and Stellantis unveiled new French-made electric vehicles (EVs) at the Paris Motor Show, as President Emmanuel Macron announced bigger subsidies for poorer families to buy EVs and pushed for more local production.
In an interview with business daily Les Echos before visiting the show, Macron said EV subsidies for lower-income households would rise to 7,000 euros ($6,826) next year from 6,000 euros, while falling to 5,000 euros for other French buyers.
He added a “social leasing” scheme helping low-income families access an EV for 100 euros per month would start in early 2024.
