Teresa Ribera says European Commission weighing up measure demanded by Germany
Brussels has promised to help Europe’s embattled car industry potentially by using pan-EU subsidies to boost demand for electric vehicles. Teresa Ribera, executive vice-president of the European Commission, told the Financial Times at the World Economic Forum in Davos that officials were still “shaping” options for an incentive programme.
“It doesn’t make sense to open again the discussion when that provides some certainty and would punish the first movers that took it seriously without any potential advantages to those that still need to move,” she said. But she said she was open to flexibility on the annual EV sales targets and the fines carmakers face for missing them. Ribera said there was an “open conversation” with carmakers about alternative commitments they could make in terms of investment.
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