We’ve known this was coming for months but now it’s here. The EU Commission has put in place new tariffs designed to punish China for heavily subsidizing its EV industry. The path toward these tariffs started last fall when the EU announced an investigation into China’s car industry.
The European Union will begin an investigation into Chinese subsidies of electric vehicles, the bloc’s top official announced Wednesday, in a move that highlights Europe’s growing industrial and geopolitical competition with China…
“Europe is open for competition, not for a race to the bottom,” said Ursula von der Leyen, the president of the European Commission, speaking in Strasbourg, France. “We must defend ourselves against unfair practices.”…
The European Union sees the electric vehicle sector as “a crucial industry for the clean economy, with huge potential…
