So what the EU is doing is, it won’t allow the Chinese manufacturer to pass these cost reductions down to me as a consumer and force it to charge a “minimum price” instead, am I reading this right?
That’s my understanding of the article text, though obviously there’s not a lot of detail there.
I assume that there’ll be more analysis of it once the thing becomes public.
EDIT: It might also benefit internal combustion vehicle manufacturers, if it makes EVs less-competitive with them, at least until there’s a hard cutoff and requirement to transition to EVs.
So what the EU is doing is, it won’t allow the Chinese manufacturer to pass these cost reductions down to me as a consumer and force it to charge a “minimum price” instead, am I reading this right?
Not exactly. The chinese state is subsidising their car export prices - which is what the EU has a problem with.
Ah yes, the “benefits” of an authoritarian state: they can redirect public funds to undercut any competition?
That’s my understanding of the article text, though obviously there’s not a lot of detail there.
I assume that there’ll be more analysis of it once the thing becomes public.
EDIT: It might also benefit internal combustion vehicle manufacturers, if it makes EVs less-competitive with them, at least until there’s a hard cutoff and requirement to transition to EVs.
There is a hard cut off in 2035 and emission laws pretty much force a share of EVs. Starting next year that will be about 37%.
However a lot can make a car better, which has nothing to do with the drive train. Old car makers certainly can play that game.