US EditionEU plans subsidy for EV car sales to counter China
- The european union is planning to subsidize electric vehicles to combat the influx of cheaper chinese evs.
- Imports of cheaper chinese evs are projected to cost europe's automakers nearly 8 billion dollars by 2030 according to an alliaz trade study.
- The european commission's executive vice-president revealed that an incentive scheme for eu member states is being considered.
- The world trade organization's rules on subsidies could complicate the eu's plan to assist europe's ev makers.
42 Articles
42 Articles
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