E.U. plans to potentially use subsidies to help electric vehicle sales, FT says

Brussels plans to help Europe’s embattled car industry potentially by using subsidies to boost demand for electric vehicles, Ben Hall and Sam Fleming of The Financial Times. Executive vice-president of the European Commission Teresa Ribera told the Financial Times officials were “shaping” options for an incentive program. Ribera admitted there was a “complicated balance” between rapid electrification and a “mismatch with the capacity of the European brands to provide.” Publicly traded companies in the space include Ford (F), General Motors (GM), Honda (HMC), Mercedes-Benz (MBGYY), Nissan (NSANY), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY).