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The State pulls out the checkbook to help the automotive industry make its electric transition

3 de August de 2022
in Car
The State pulls out the checkbook to help the automotive industry make its electric transition
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As part of the “France 2030” plan, the Ministry of the Economy has launched a system endowed with 100 million euros to support territories faced with changes in the automotive sector.

Driven by political decision-makers, the transition to all-electric will be rapid here, Europe still counting on banning the sale of thermal vehicles from 2035. On the scale of the automotive industry, it’s tomorrow!

Faced with this forced change, concern is mounting among subcontractors. We have already seen the first effects for factories or companies specializing in diesel or foundry. The French State therefore wants to help the sector to support this transition, also worried about the consequences on employment in the territories.

But on the government side, it is also emphasized that this transformation of the automobile is a source of opportunities and development for companies, especially since production should start to rise again in our country. Emmanuel Macron has set the ambition of assembling two million electric and hybrid vehicles in France. Renault will for example make France the heart of its electric activity, having notably planned to produce the future R5 in the North. And this with a maximum of the value chain linked to electricity (engines assembled in Cléon, batteries in Douai, etc.).

Read also
Renault: the engine of the electric Mégane is made in France

To support this transition and help small companies still specializing in thermal energy to evolve, the State has therefore just launched the “Rebond Industriel” scheme, endowed with 100 million euros. This is a call for expressions of interest, in two parts. The first, with a budget of 10 million euros, should “facilitate the identification and realization of new industrial projects (…) and the development of a roadmap for industrial rebound in the medium term”.

The second part, with 90 million euros, are subsidies and repayable advances which will support “industrial projects detected and deemed to be priorities, in particular projects that create jobs and contribute to the ecological transition of the territory”. The State wants to support around ten territories per year until 2026.

ADVERTISEMENT

As part of the “France 2030” plan, the Ministry of the Economy has launched a system endowed with 100 million euros to support territories faced with changes in the automotive sector.

Driven by political decision-makers, the transition to all-electric will be rapid here, Europe still counting on banning the sale of thermal vehicles from 2035. On the scale of the automotive industry, it’s tomorrow!

Faced with this forced change, concern is mounting among subcontractors. We have already seen the first effects for factories or companies specializing in diesel or foundry. The French State therefore wants to help the sector to support this transition, also worried about the consequences on employment in the territories.

But on the government side, it is also emphasized that this transformation of the automobile is a source of opportunities and development for companies, especially since production should start to rise again in our country. Emmanuel Macron has set the ambition of assembling two million electric and hybrid vehicles in France. Renault will for example make France the heart of its electric activity, having notably planned to produce the future R5 in the North. And this with a maximum of the value chain linked to electricity (engines assembled in Cléon, batteries in Douai, etc.).

Read also
Renault: the engine of the electric Mégane is made in France

To support this transition and help small companies still specializing in thermal energy to evolve, the State has therefore just launched the “Rebond Industriel” scheme, endowed with 100 million euros. This is a call for expressions of interest, in two parts. The first, with a budget of 10 million euros, should “facilitate the identification and realization of new industrial projects (…) and the development of a roadmap for industrial rebound in the medium term”.

The second part, with 90 million euros, are subsidies and repayable advances which will support “industrial projects detected and deemed to be priorities, in particular projects that create jobs and contribute to the ecological transition of the territory”. The State wants to support around ten territories per year until 2026.

Tags: AutomotivecheckbookelectricindustrypullsStatetransition
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