December 2, 2019 / 12:34 PM / 7 days ago

France proposes measures to make car industry greener

FILE PHOTO: French Finance Minister Bruno Le Maire attends a ceremony for the debut of Francaise des Jeux on Euronext Paris stock market at La Defense business and financial district in Courbevoie near Paris, France, November 21, 2019. REUTERS/Charles Platiau

PARIS (Reuters) - French presented proposals on Monday which it said were aimed at helping its car industry adapt to growing environmental concerns and reducing CO2 emissions.

The measures include raising financial sanctions on cars which emit relatively high levels of CO2 and creating two funds of 25 million euros ($28 million) each to help the sector deal with the required changes, Finance Minister Bruno Le Maire said.

The French government will also soon announce a three-year timetable to provide more visibility on financial incentives for buying electric vehicles, Le Maire told a news conference.

Reporting by Gilles Guillaume, Writing by Dominique Vidalon, editing by Alexander Smith

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