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Economy
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France Advocates for EU Electric Vehicle Support
2024-11-05 09:00:09
Automotive
Europe
Business

France Advocates for EU Electric Vehicle Support

Image courtesy of : AFP (THOMAS SAMSON)

France is urging the European Union to implement a purchase premium for electric vehicles to combat competition from China and address unfair trade practices. This initiative includes not only incentives for private buyers but also a collective strategy to electrify commercial vehicle fleets, prioritizing European manufacturers.

France stands firm on introducing additional tariffs on electric cars imported from China and aims to phase out combustion engines by 2035. However, it seeks a targeted solution to mitigate penalties for manufacturers facing a sales crisis next year due to stricter fleet limits.

The French government emphasizes the need for a balanced approach to support the electric vehicle industry while ensuring compliance with upcoming regulations.

Related news on that topic:

France Proposes EU-Wide Electric Car Incentives

France is advocating for a coordinated EU purchase bonus for electric vehicles, aiming to counteract competition from China. French Industry Minister Marc Ferracci highlighted issues with competitiveness, demand, and unfair Chinese trade practices. This follows France's own bonus initiative tied to CO2 emissions, which excludes many Chinese-made vehicles. Ferracci suggests this model could inspire an EU-wide policy. Meanwhile, Germany scrapped its electric car bonus last year amid budget constraints, impacting sales and the auto industry. However, there is growing support for renewed incentives from political figures like Robert Habeck. Ferracci also emphasizes a unified approach to electrifying commercial fleets, proposing preferential treatment for European vehicles. China’s ambassador to Germany, Deng Hongbo, cautioned against protectionism, noting the intertwined automotive industries of China and Europe. He advocates for collaborative solutions, opposing EU tariffs on Chinese vehicles. As the EU and China navigate these tensions, finding a balanced resolution remains crucial for all parties involved.

Challenges in the Electric Vehicle Market

The electric vehicle market faces significant hurdles as evidenced by recent trends in Germany and China. In Germany, new registrations of battery electric vehicles (BEVs) fell by 5%, while plug-in hybrids rose by 18%. This decline highlights the need for improved incentives and infrastructure, as emphasized by VDIK President André Schmidt. Meanwhile, China experienced a surge in electric vehicle sales, increasing by two-thirds to 1.28 million units in October, fueled by substantial government incentives. Despite these promising figures, German manufacturers like BMW are grappling with an 84% drop in profits due to technical issues and reduced demand in China. BMW remains optimistic, focusing on its new BEV models and the upcoming 'Neue Klasse' to boost sales. As the automotive industry navigates these challenges, the contrasting situations in Germany and China illustrate the complexities of the global electric vehicle landscape.

Read 2 more recent news on this topic

The press radar on this topic:

Frankfurter Rundschau
5. November 2024 um 05:00

"We have a problem": France calls for EU-wide purchase premium for electric cars

Economy
France is calling for an EU-wide purchase premium for electric cars to counter Chinese competition and unfair trade practices. In addition to the purchase premium for private individuals, France is seeking a common European approach to the electrification of commercial vehicle fleets, with European vehicles being given priority support. France also defends the additional tariffs on electric cars imported from China and remains committed to the goal of no longer allowing combustion engines by 2..
heise online
5. November 2024 um 08:27

Fleet Consumption: France Questions Penalties | heise autos

Politics
Economy
Environment
The automotive industry is fighting against tightened fleet limits from 2025 onwards; France wants to review the timetable; Penalty payments of up to 475 million euros are threatened; Electric cars are intended to prevent penalties.
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