Tag: Subsidy
U.S. government pumps millions into EV supplier shift
The U.S. government is investing over 100 million dollars to help auto suppliers shift to electric vehicle production, boosting the EV industry's momentum.The Department of Energy's 50 million dollar grants, plus 50 million from...
The French government suspends EV subsidies following unprecedented demand
French government pauses low-income EV subsidies due to overwhelming demand.Initial budget of €1.5 billion for 20,000 leases raised to 50,000; program resumes next year.Cash incentives of €5,000 to €7,000 offered to car buyers; eligibility...