EU to Require 70% Local Content in EVs Receiving State Support: Report
eletric-vehicles.com
The European Commission is planning to introduce new legislation later this month, aimed at increasing local production within its automotive industry and protecting it from intense Chinese competi…
  • comrade_twisty@feddit.orgEnglish
    6·
    1 day ago

    I’m not an economist nor do I have any expertise in trade relations, but I have to ask:

    Is there any reason to pay subsidies for products produced outside the EU at all?

    • gian English
      1·
      14 hours ago

      Is there any reason to pay subsidies for products produced outside the EU at all?

      It depends on the objective: if you just want to force a switch from ICE cars to EV cars you simply subsidies EV cars, whereever they are built, it make sense. But it has its quirks

    • HumbleExaggeration@feddit.orgEnglish
      2·
      1 day ago

      If there is no supplier of some parts inside the EU left and you want to subsidise a finished car that isn’t missing some parts.

    • jacksilver@lemmy.worldEnglish
      1·
      23 hours ago

      I know in the US there were general subsidies for any electric/low-emission vehicles. Maybe they mean any kind of subsidy going forward will only be available to EU made vehicles.