Weeks after European authorities announced that they would begin investigating the surge of cheap electric cars flooding into the European Union, Brussels has launched a probe into Chinese electric vehicle subsidies. With China’s billion-plus population representing the largest EV market globally, Chinese authorities have invested heavily in building out EV and public-charging infrastructure domestically and internationally.
China’s government has invested heavily in local EV companies via massive subsidies, allowing Chinese automakers to sell electric cars at much lower price points compared to…
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