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HomeEconomyFrance's Macron tells Harris EV subsidies are on the agenda

France's Macron tells Harris EV subsidies are on the agenda

By Trevor Hunnicutt

MUNICH (Reuters) – French President Emmanuel Macron said on Friday he would meet Vice President Camara on the sidelines of the Munich security conference. Harris meets to discuss concerns over U.S. electric vehicle subsidies.

“We are working on it”, on the issue, Macron said ahead of their meeting.

While EU countries welcome the U.S. commitment to the energy transition, they are concerned that the $1 billion in subsidies provided by the U.S. Reduce Inflation Act (IRA) for electric vehicles (EVs) and other Companies based in Europe are at a disadvantage.

Harris said they would also discuss a pledge to support Ukraine against Russian aggression, but did not comment on subsidies before reporters were brought out of the two leaders’ talks.

The bill is a key part of Biden’s vision to tackle climate change, revive American manufacturing and compete with China, but I’ve outraged everyone from Brussels to Allies of Seoul.

Macron, celebrated at a lavish state dinner last December by US President Joe Biden, announced at the time that the two leaders had agreed to “solve” issues concerning US-made electric vehicles Law. But in the months since, Washington has failed to come up with a solution acceptable to France.



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