France considers blocking Chinese EVs from subsidies

News Snapshot:

Electric cars from Chinese car maker BYD waiting to be loaded on a ship are stacked at the international container terminal of Taicang Port at Suzhou Port, in China. Photograph: AFP via Getty Images The French government is considering a move to block Chinese car makers from benefiting from tax subsidies it offers to French buyers of electric cars. The European Commission has only just announced an investigation into whether Chinese car makers are effectively ‘dumping’ cheap cars, especially electric cars, onto the EU market in an effort to destabilise local manufacturers. “Global markets are now flooded with cheaper electric...