Renault CEO proposes a European "Marshall Plan" for electric vehicle adoption and carbon reduction.
Renault CEO Luca de Meo calls for a European "Marshall Plan" to accelerate electric vehicle adoption and reduce carbon emissions amid competition from China. The post-WWII US program helped rebuild Western European economies, and de Meo proposes a similar effort, suggesting a special European fund finance incentives for new or used electric vehicle purchases. Europe aims to phase out traditional internal combustion engines by 2035 as part of efforts to reach carbon neutrality by 2050.
March 19, 2024
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