EU Launches Quiz On China’s Subsidies For Electric Cars
The European Commission has initiated an anti-subsidy investigation into Chinese electric vehicles.
The EU Commission has cited the significant state subsidies provided by China for these vehicles. I Photo: Geely Auto Facebook
They cited the significant state subsidies provided by China for these vehicles, which were distorting the market within the European Union (EU), as per a report covered by Foo Yun Chee for Reuters.
Commission President Ursula von der Leyen highlighted the importance of electric vehicles in achieving the EU's ambitious environmental objectives.
"So today, I am pleased to announce that the Commission is launching an anti-subsidy investigation into electric vehicles originating from China. Europe remains committed to fair competition, not a race to the bottom," she stated during her annual State of the Union address at the European Parliament in Strasbourg.