China tells WTO that US EV subsidies are unfair trade barriers

Quick Summary:

China says it's unfair that only EVs made in North America qualify for tax credits.

Final assembly of the vehicle must be in North America, for example, and ever-increasing amounts of the battery pack's content and value must come from North America or a country with which the US has a free trade agreement.

But it's now tied to where the car and its batteries were assembled, as well as where the battery minerals come from.

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Article Details

Author / Journalist: Jonathan M. Gitlin

Category: Technology

Markets: United StatesChinaNorth Korea

Topics: Tariffs Chinese EVs Cars World trade organization

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 15:32:58 (1 days ago)

News Timezone: GMT -5:00

News Source URL: arstechnica.com

Language: English

Article Length: 171 words

Reading Time: 1 minutes read

Sentences: 24 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Ars Technica

News ID: 21632943

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Official Website: arstechnica.com

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