French Government Boosts Electric Car Subsidies

With Europe’s second-largest carmaker, PSA Peugeot Citroen, cutting jobs and posting record losses, the French government unveiled a raft of measures to boost sale of hybrid and electric cars. Measures include raising the subsidies on buying electric cars from to a maximum €7,000 euros ($8,500) from €5,000 euros at present, and from €2,000 to €4,000 […]