French carmakers target fourfold jump in EV sales by 2027
PARIS - France's car industry will aim to ramp up electric car sales fourfold by 2027 under a strategy agreement to be signed with the government on Monday, just as the president of China embarks on a state visit in the country.
Under a new medium-term planning agreement with the government, the industry is set to agree to an interim goal of 800,000 electric vehicle sales by 2027, up from 200,000 in 2022, according to a finance ministry briefing. French carmakers are racing to get more electric models on the roads after Chinese rivals stole an early march with rapid market share gains only reversed recently after the government revamped its consumer bonus scheme to favour the purchase of Europe-made cars.Scan QR code to install app
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