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France Says EU Should Respond in Kind to Biden’s EV Subsidies

Sept. 26, 2022, 9:42 AM

French Finance Minister Bruno Le Maire said Monday the European Union should consider applying electric-vehicle subsidies to cars built in the bloc, after the US limited its support to North American-made vehicles.

It may be “time to reserve electric vehicle bonuses either for cars produced on European territory or for vehicles that strictly and rigorously meet new environmental standards,” Le Maire told reporters during a briefing on the 2023 budget. “We need to play with the same rules if we want to defend our industries, our jobs and our technology.”

France and Germany, where the electric revolution is making obsolete ...