Fear of cheap Chinese EVs spurs automaker dash for affordable cars

boem@lemmy.world to Technology@lemmy.world – 608 points –
Fear of cheap Chinese EVs spurs automaker dash for affordable cars
reuters.com
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China is using subsidies to accelerate the green transition, exactly like the US is doing with the "Inflation Reduction Act" and other initiatives.

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

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