EU to Require 70% Local Content in EVs Receiving State Support: Report | EV
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 competition.
  • comrade_twisty@feddit.orgEnglish
    0·
    3 months 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?

    • HumbleExaggeration@feddit.orgEnglish
      0·
      3 months 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.

    • gian @lemmy.grys.itEnglish
      0·
      3 months 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