China Goes to WTO Over ‘Discriminatory’ US EV Subsidies
China is appealing for intervention from the World Trade Organization (WTO) to probe what it believes are “discriminatory” electric vehicle subsidies in the United States. According to the second-largest economy on the globe, the Biden administration’s green plan has implemented “discriminatory and protectionist” policies in America's nascent electric vehicle industry. The Inflation Reduction Act of 2022 pumped billions of dollars into the local EV industry but with caveats intended to encourage domestic production across the entire supply chain. These provisions lock out electric vehicles with parts sourced from or manufactured in China from the subsidies, most likely in an attempt…
