50 million euros for auto subcontractors

Support the automobile in its transition to the electric vehicle. The Minister of the Economy, Bruno Le Maire, detailed measures aimed at supporting the French industry, in particular its subcontractors. Two funds have been created. 

The first is intended to support these companies in their diversification process, while the second is a loan guarantee tool. In total, 50 million euros must be allocated equally to these initiatives. A sum which will come from the uncapping of the penalty for vehicles emitting more than 172 g of CO2. After this level, all vehicles registered in France are currently subject to a penalty of 12,500 euros.