With carmakers in a ‘state of shock’ over Tesla-beating BYD’s prices, EU investigators will visit China’s EV giants as part of an anti-subsidy probe
nekandro @ nekandro @lemmy.ml Posts 491Comments 631Joined 2 yr. ago
nekandro @ nekandro @lemmy.ml
Posts
491
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Here's a fun fact: 85% of China's government spending is by local governments (provincial and below). China's federal support for EVs has been mostly limited to reducing taxes and fees on EV manufacturing (most notably, removing the consumption tax that is charged on automobiles).
If removing tax barriers is a government subsidy, I guess the EU claim has some water. Otherwise, the EU will be stuck whack-a-moling particular provinces for their economic incentives (and, of course, ignoring the billions that Tesla has received).