France's $8.8bn plan to revive auto sector through electric cars

President Macron said the package would include one billion euros in subsidies for electric and hybrid cars, adding France should be producing a million green cars annually by 2025.

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President Emmanuel Macron on Tuesday (May 26) announced an 8-billion euro (US$8.8 billion) plan to revive France's auto industry by making it the European leader in electric cars, in a boost for a sector brought to its knees by the coronavirus, reports CNA.