France plans to ban fossil-fuel-powered cars by 2040

From Engadget - July 6, 2017

France does not have a bottomless sovereign wealth fund like Norway, for example, that it can use to finance a transition to cleaner energy. But, what France does have in its favor is a sizable stake in both PSA, the owner of Peugeot and Citroen, and Renault. As a consequence, it can exert plenty of pressure on some of the world's largest auto manufacturers to help accelerate the process.

In addition, Hulot is planning some sort of financial incentive as a lever to push buyers toward hybrid or electric vehicles. That could take the form of an extra pollution tax on older vehicles, or a tax break (or other subsidy) to encourage the purchase of newer, cleaner cars. Although the details are still hazy,


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