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 11 months ago by boem@lemmy.world to c/technology@lemmy.world
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[–] cyd@lemmy.world 50 points 11 months 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.

[–] assassin_aragorn@lemmy.world 3 points 11 months ago

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