EU considers EV subsidies to counter Chinese competition
The EU is considering subsidies for electric vehicles to counter the impact of lower-priced Chinese imports on domestic automakers' profits.
cross-posted from: https://lemm.ee/post/53472934
Finally.
However, this plan to aid European EV makers faces potential complications due to the World Trade Organization’s (WTO) rules, which the EU must follow. Because the WTO prohibits subsidies that unfairly favor domestic producers or hinder international competition, enacting a measure that Chinese automakers cannot also benefit from will be a challenge.
The article ended with this with no suggestions on how to deal with WTO limitations. Does anyone know what the plan is here?
Could be something to do with materials that are only imported from the EU or Europe, like Lithium.
If there's subsidies on those, China wouldn't benefit.