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Published 3 months ago

EU launches anti-subsidy investigation into Chinese electric vehicles

  • The European Union is launching an investigation into the subsidies provided by China to electric vehicle makers, as there are growing concerns about the reliance on Chinese products in Europe.
  • The flood of cheaper Chinese electric cars in global markets, kept artificially low by state subsidies, has prompted the European Union to consider imposing duties on these cars that are undercutting European competitors.
  • France has pushed for the investigation, and the EU's internal market chief has warned that Europe is being relegated to net imports of electric vehicles, prompting the need for Europe to define its own approach to Beijing.
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