China’s State Media Calls EV Trade Curbs ‘Poison’ for Europe

Lock
This article is for subscribers only.

The European Union’s investigation into Chinese electric vehicle subsidies will hurt Europe’s economy and climate goals, according to Communist Party tabloid Global Times.

Protectionist measures won’t help the European car industry and will only make it more costly for consumers to purchase EVs, the Global Times said in a commentaryBloomberg Terminal published late Wednesday. That “will only pass on costs to European consumers and hinder the realization of Europe’s climate goals.”