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Europe |
EU announces an investigation into Chinese subsidies for electric vehicles |
2023-09-13 |
"Global markets are now flooded with cheaper Chinese electric cars, and their price is kept artificially low by huge state subsidies. This is distorting our market," European Commission President Ursula von der Leyen told EU lawmakers in Strasbourg, France. "As we do not accept this distortion from the inside in our market, we do not accept this from the outside," von der Leyen said. "So, I can announce today that the commission is launching an anti-subsidy investigation into electric vehicles coming from China." China’s leaders have helped make the country the biggest market for electric vehicles by investing billions of dollars in subsidies to get an early lead in what is seen as a promising industry. Global automakers face growing competition in their home regions from Chinese brands that are taking market share. |
Posted by:Besoeker |
#3 EV bothers you?, EV? Huawei’s sneak attack tears a hole in US sanctions on China |
Posted by: Grom the Reflective 2023-09-13 14:34 |
#2 How can US gummint subsidize American made EVs and not allow foreign competitors to do the same? Ask Airbus how that worked out for them against Boeing. |
Posted by: M. Murcek 2023-09-13 10:38 |
#1 Go ahead UAW. Do you feel lucky ? |
Posted by: Besoeker 2023-09-13 10:31 |