this post was submitted on 10 Dec 2023
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Fear of cheap Chinese EVs spurs automaker dash for affordable cars (www.reuters.com)
submitted 1 year ago by [email protected] to c/[email protected]
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[–] [email protected] 49 points 1 year ago (2 children)

China is using subsidies to accelerate the green transition, exactly like the US is doing with the "Inflation Reduction Act" and other initiatives.

[–] [email protected] 3 points 1 year ago

And just like China with cars, the IRA spurred other European countries to pass similar legislation to remain competitive.