Chinese electric cars under investigation. On the occasion of the State of the European Union, the debate between the deputies of the European Parliament, the EU leads to questions about possible practices of unfair competition, or rather announces the will to defend themselves if these were to be implemented by Chinese brands that have begun to invade the market in the western part of the Old Continent.
Ursula von der Layen, President of the Commission, seems to want to tighten the rules, applying greater caution to market rules in trade between East and West. Nothing new under the front, global geopolitics has long seen a tightening of free trade in favor of greater protectionism, but today's declaration, in the context of the Green Deal, draws attention to the threat posed by Chinese electric cars.
An investigation is therefore underway to analyze the situation and calibrate Member States' subsidies accordingly. Is not serious; mystery, in fact, that the electric still needs of state subsidies to be able to spread, and the United States already has a process has been started to enhance local production through incentives. In fact, it is emblematic; the peace made between politics and Elon Musk, after several years in which the ruling class seemed to only care about the (small) achievements in EVs by Ford and GM, almost ignoring the most Musk's substantial achievements.
The attack does not bring with it a war on electric cars in general, but follows those needs not to be too tied to a country, China, which is currently in a dominant position in terms of raw materials and the production of battery-powered cars. On the other hand, right on the batteries, Europe already had started a process aimed at keeping within its borders, through recycling, as many possible materials.
China also forced Tesla to take up “arms” of the market, specifically a price cut to counter emerging brands, some with great experience in the battery field (BYD for example).
While waiting to discover the next steps, von der Layen's speech nevertheless confirms the objective of neutrality climate change in Europe by 2050, while wringing an eye on Western brands, asking them to avoid polarization and extremism and also urging dialogue.
It should be noted that this is not a total closure to Chinese brands, however we will proceed with caution: among the hypotheses on the table, the creation of possible barriers to entry and, in general, a tendency to follow the de-risking strategy (reducing the risks of dependence on a single country, China), rather and de-coupling, i.e. completely disconnecting the EU economy and market from the Chinese one.
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