'Overcapacity' claims mask EU and US' EV weakness

Updated: Jun 12, 2024 By Yao Yuxin chinadaily.com.cn Print
Share - WeChat

In response to the European Union launching an anti-subsidy investigation into Chinese electric vehicles and the United States raising tariffs on Chinese EVs from 25 percent to 100 percent, Asit K. Biswas, a distinguished visiting professor at the University of Glasgow in the United Kingdom and director of Water Management International in Singapore, expressed his skepticism about the so-called "overcapacity" claims in an exclusive interview with China Daily.

Biswas believes the real reason behind the moves is the lack of competitiveness in terms of price and technology in the European and US EV industries. As a result, these regions are resorting to investigations and tariff hikes to delay the entry of Chinese EVs into their markets, thereby creating time to narrow the technology and price gap.

Copyright©2024 China Daily. All rights reserved.


京公网安 京公网安备 11010502032503号