France – Luc Chatel, Secretary of State for Industry, announced Monday a call for projects with a budget of 250 million euros to finance the development of vehicles decarbonation.The call for projects concerning electric and hybrid cars rechargeable like their equipment.250 million euros will be allocated in the form of soft loans limited to 50% of the investment and the total by the end of 2010.”These loans, at a time when it is very difficult to obtain finance on the market, can have a real impact and a real effective,” said Secretary of State for Industry.
Projects will be selected on the basis of “innovative industrial products based on technologies validated, their financial viability, the prospects for marketing supported by market research and prospects for job creation,” said Luc Chatel.
The loan falls within the auto pact announced on 9 February by the Government to support the automotive sector, in addition to 400 million euros allocated to finance the research, as the 50 million paid by the ADEME (Agence of the Environment and Energy Management). manufacturers Renault and PSA have each received a government subsidy of 3 million.