Posted on 10/05/2023 6:29:25 AM PDT by Red Badger
BRUSSELS, Sept 13 (Reuters) - The European Commission launched an investigation on Wednesday into whether to impose punitive tariffs to protect European Union producers against cheaper Chinese electric vehicle (EV) imports it says are benefiting from state subsidies.
"Global markets are now flooded with cheaper electric cars. And their price is kept artificially low by huge state subsidies," European Commission President Ursula von der Leyen said in her annual address to the bloc's parliament, seen by many in Brussels as a pitch for her re-appointment for a second term.
Advertisement · Scroll to continue The Commission will have up to 13 months to assess whether to impose tariffs above the standard 10% EU rate for cars in its highest profile case against China since an EU probe into Chinese solar panels narrowly avoided a trade war a decade ago.
The anti-subsidy investigation covers battery-powered cars from China, so also includes non-Chinese brands made there, such as Tesla (TSLA.O), Renault (RENA.PA) and BMW (BMWG.DE). It is also unusual in that it is brought by the European Commission itself, rather than in response to an industry complaint.
The Chinese Chamber of Commerce to the EU said it was very concerned and opposed to the investigation's launch and that the sector's competitive advantage was not due to subsidies. It urged the EU to look at Chinese electric vehicles objectively.
Tensions between China and the EU have been growing, partly due to Beijing's closer ties with Moscow after Russia's invasion of Ukraine. The EU is seeking to reduce its reliance on the world's second-largest economy, particularly for materials and products needed for its green transition.
European carmakers have realised they have a fight on their hands to produce lower-cost electric vehicles and erase China's lead in developing cheaper models.
(Excerpt) Read more at reuters.com ...
China has fields of rotting EVs so are they shipping them around the world ?
We said it on FR.
China EV push is to destroy the mainstreet EV market and capture it for themselves.
Battery-powered electric vehicles are, at best, suitable only for a niche market. And that is just about saturated already.
Much better would be hydrogen-fueled electric vehicles, but the infrastructure for producing, distributing and retailing hydrogen does not exist in any reasonable economic feasibility. Really CHEAP electrical power generation, in the form of a modern nuclear power generation plant, used to produce hydrogen from water found in saline or brackish lagoons, and sold in containers capable of holding the hydrogen under high pressure, which could be swapped out at refueling stations with a similar tank already on the electric vehicle. Much like propane tanks.
Yes, and at the same time they destroy the American Industrial base, so that new arms, weapons, ships, aircraft and electronics can’t be manufactured here.
When all we have is vaping shops, nail parlors, bars and restaurants, we will be defenseless................
Is this the ultimate endgame behind China Joe’s irrational push to destroy the auto industry and push electric vehicles?
It also destroys America’s industrial base, even those unrelated to automobiles.
We won’t be able to make weapons, ships, arms or aircraft..................
European Commission President
Who votes for electing that position? Claus Schwab?
Vaping shops are the new Opium Dens.
Revenge is a dish best served cold.
The EU’s Digital Services Act just went into force for a reason.
The EU has a Deep State, too.
And there’s doesn’t want a healthy middle class, people to have freedom of movement any more than ours or the UK’s does.
There is only one 'Deep State'. It has no borders......................
Deep State is global.
Yes, and it is multilingual.................
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