To further stimulate demand, Ferracci called on the EU to create an initiative focused on electrifying commercial fleets. He stated that details still need to be discussed with all EU partners but emphasized that "in principle, we should prioritize subsidies for European-made cars, such as purchase incentives or investment subsidies, similar to our competitors."
Ferracci acknowledged that Chinese-made EVs are "cheaper and more innovative," adding that Europe faces challenges related to both competitiveness and demand. He noted that Europe's automotive sector must make "significant investments" in electric mobility. "The future of our automotive industry depends on finding solutions to these major challenges," he said.
Ferracci also remains committed to the goal of banning the registration of new internal combustion engine vehicles in the EU from 2035. However, France seeks to delay the EU-wide fleet CO₂ emissions reduction targets, set to take effect in January 2025. France has requested that the European Commission refrain from penalizing manufacturers who fail to meet these targets, as EV demand is falling across member states.
