Electric vehicles manufactured in China are around 20 percent cheaper than corresponding vehicles manufactured in the EU. The reason for this is presumably high state subsidies for Chinese manufacturers. As early as September, the President of the EU Commission, Ursula von der Leyen, announced her intention to take action against this.
Image source: Pixabay
Now, a short time after the end of the International Motor Show (IAA) in Munich, the Commission has initiated a corresponding investigation – published in Official Journal C/2023/160 of Oct. 4, 2023. The anti-subsidy investigation concerns battery-powered electric vehicles for up to nine people made in China. Penalty duties could be imposed upon completion of the investigation.
Sources: Hamburg Chamber of Commerce, Tagesschau (german language)
