German Transport Minister Volker Wissing highlights the harm that additional EU tariffs on Chinese EVs could inflict on Germany's economy.
The European Union is launching a comprehensive investigation into alleged subsidies from the Chinese government to electric vehicle manufacturers, raising concerns about the competitive landscape and the economic repercussions for EU member states, particularly Germany.
The investigation, initiated by European Commission President Ursula von der Leyen, aims to determine if Chinese EVs benefit from government subsidies, giving them an unfair advantage over their European counterparts. The generous Chinese government subsidies have substantially reduced the cost of Chinese EVs, making them highly attractive to EU consumers. If unfair subsidies are identified, tariffs may be imposed to level the playing field, potentially reshaping the European EV market.
The outcome of the investigation into Chinese EV subsidies will significantly impact the European EV market. It may either safeguard EU producers’ interests by ensuring fair competition or maintain the influx of competitively priced Chinese EVs, challenging the European automotive industry.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Canadian minister slams interception of military plane by Chinese jetsThe jet had come within five meters of a Canadian surveillance plane taking part in a UN operation.
Leggi di più »
Tunku Kamariah, German tycoon fails to unseat KNM boardKNM chairman Tunku Yaacob Khyra, CEO Ravindrasingham Balasingham retains seat on the board by a narrow margin.
Leggi di più »
More Chinese companies vow share buybacks as market sags furtherThis follows a slew of measures authorities took to boost a flagging stock market.
Leggi di più »
Chinese E-commerce Giants Bet on Low Prices Amid Singles’ DayAlibaba too is aware of the stakes, with founder Jack Ma advising a renewed focus on Taobao and its consumer base
Leggi di più »
Chinese researchers complete rice genetic variation mapSHENZHEN: Chinese researchers have completed a digital genetic variation map of rice based on more than 10,000 rice samples, providing a new tool for ...
Leggi di più »
US details risky Chinese aircraft manoeuvres over past 2 yearsAn official declined to say how many of those intercepts were ‘unsafe and unprofessional’.
Leggi di più »