A draft budget law weaving its way through France’s parliament may force car shoppers to reconsider purchases of Porsche, Ferrari or Lamborghini models with low gas mileage.
The government in Europe’s second-largest auto market after Germany is planning to more than double the “malus” -- or penalty -- consumers must pay based on cars’ carbon-dioxide emissions to as much as 50,000 euros ($59,000) in 2022.
The proposal would increase what already are the continent’s costliest taxes on polluting passenger vehicles.
“This would be relatively bad news for supercars, luxury and exclusive vehicles, and a show stopper for foreign imported cars,” said Felipe Munoz, an analyst at auto-market researcher JATO Dynamics.
Governments around the globe are taking a range of approaches to hastening the demise of the internal-combustion engine. California announced plans recently to ban sales of new ICE vehicles by 2035. China’s government has poured upwards of $30…