As carmakers unveil new EVs, France ups subsidies for poorer buyers

A downsized version of the 2022 ParisMotorShow opened with plenty of electric vehicles on display

unveiled new French-made electric vehicles at the Paris Motor Show on Monday, as President Emmanuel Macron announced bigger subsidies for poorer families to buy EVs and pushed for more local production.

He added a "social leasing" scheme helping low-income families access an EV for 100 euros per month would start in early 2024.Most EVs are currently more expensive than fossil-fuel equivalents and are unaffordable for many. A lack of French-made EVs is a particularly sensitive subject at an auto show on home turf where Chinese car brands have a strong presence.

Tavares said the number of models the world No. 4 carmaker produces in France would soon double to 12 from 6.

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