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Electric Vehicles

EU Aims for US Deal to Resolve EV Subsidy Dispute

  • European Union terms US aid for electric cars discriminatory
  • EU by contrast doesn’t exclude US firms, ambassador says

The European Union hopes to resolve in upcoming negotiations a dispute with the US over new subsidies for North American manufacturers, a senior diplomat from the bloc said on Monday.

The recently passed US Inflation Reduction Act, which provides subsidies to support green technologies in the US, is seen as discriminatory by the EU, South Korea and other trading partners.