The European Union is the first major car market to deal with an invasion of Chinese-built electric vehicles, and the trade bloc is starting to acknowledge the risks this entails for its market and auto industry.
The President of the European Commission, Ursula von der Leyen, announced the EU is launching an investigation into Chinese subsidies for EVs. This means that the political and economic union is considering imposing tariffs to protect itself against Chinese EV imports that benefit from state subsidies.
