Canada signs on to pledge to fight subsidized overproduction of EVs, batteries, and solar panels

Canada, the United States, the European Union and more than a dozen allies pledged in a joint statement Wednesday to tackle excess global production capacity of electric vehicles, batteries and solar panels, an issue Washington has blamed on China. In all, 14 countries – all members of the Group of 20 – plus the EU signed on to this communiqué, which warned of the increasing harms that factory overproduction “created, sustained, or contributed to by government policies or interventions” is causing to the signatories’ domestic industries. Notably, however, G20 members including China, Brazil, Indonesia, Russia, Saudi Arabia and South Africa…