Brussels has promised to help Europe’s embattled car industry potentially by using pan-EU subsidies to boost demand for electric vehicles.
Teresa Ribera, executive vice-president of the European Commission, told the Financial Times at the World Economic Forum in Davos that officials were still “shaping” options for an incentive programme.
“It makes sense to see how we could figure out in a pan-European perspective, how to facilitate the measures instead of going through national subsidies,” Ribera said. She warned against a “race where we could be confronting one national model versus another one”.
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