Published: June 24th, 2024,
Last updated: July 23rd, 2024

Over the past 15 years, China has pumped more than 231 billion dollars in subsidies into the development of its domestic EV industry. This is the conclusion of a study by the US think tank CSIS. The analysis by the team led by China expert Scott Kennedy breaks down in detail how the government has financially supported its companies. In response, the United States has already imposed countervailing duties. The EU also recently announced extra tariffs on EV imports from China.