PARIS: The chief executive of French automaker Renault called on Tuesday for a European 'Marshall Plan' to accelerate the adoption of electric vehicles and reduce carbon emissions in the face of Chinese competition.The post-WWII US program helped rebuild Western European economies, and Luca de Meo argued for a similar effort in a series of proposals made to launch a policy debate ahead of European parliamentary elections in June.
A photograph taken on March 14, 2024 shows cars driving in front of the Cathedral Notre Dame de Chartres as the sun sets, in Chartres, central France. AFP PHOTOIn particular he called for the creation of 'green economic zones' like China's special economic zones, with companies receiving additional subsidies and tax breaks to encourage the rapid development of EVs.He also called for cooperative efforts to build small and affordable vehicles in Europe.