Europes EV Policy Toward China Might Backfire
Nonetheless, the move is a mistake, and not simply because EU exporters will suffer from Chinas tit-for-tat response. The duties will make EVs less affordable, especially for low-income buyers, undermining the EUs own decarbonization targets. Theyll reduce competitive pressure on domestic firms, stifling innovation and productivity.
Posted by Hicham ALAOUI RIZQ on 2024, Oct 11
Introduction
Nonetheless, the move is a mistake, and not simply because EU exporters will suffer from Chinas tit-for-tat response. The duties will make EVs less affordable, especially for low-income buyers, undermining the EUs own decarbonization targets. Theyll reduce competitive pressure on domestic firms, stifling innovation and productivity.