The European Commission has launched an anti-subsidy investigation on imported electric vehicles (EVs) from China due to concerns about heavily subsidized EVs posing a threat to the EU’s automotive industry. The investigation comes after pressure from France, while Germany has warned about potential trade wars. The European electric vehicle market is expected to grow rapidly, and the investigation aims to address market distortions caused by artificially low prices through state subsidies. The investigation will determine if anti-dumping duties should be imposed on Chinese battery electric vehicles. The EU aims to ensure fair competition and support its own industry while promoting the green transition.
Resource: https://www.esgtoday.com/eu-launches-anti-dumping-investigation-against-chinese-electric-vehicles/