EU launches investigation into EVs

The European Commission has initiated an investigation into state subsidies for Chinese EVs, as previously announced. The justification for this action is that such imports harm the EU economy. „The prices of these cars are artificially lowered through huge state subsidies – this distorts our market,“ said von der Leyen in September during her State of the European Union address. This is unacceptable, she said. World markets are being flooded with cheaper Chinese EVs.