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> Or maybe as a way to bolster national security with local manufacturing It is this. The push for EV and Battery Tech tariffs are part of the EU's Net Zero Ac
by alephnerd 2y ago
> Or maybe as a way to bolster national security with local manufacturing
It is this. The push for EV and Battery Tech tariffs are part of the EU's Net Zero Act [0] which itself is a reaction to America's IRA [1].
The EU (especially Germany) still remembers how the German PV fabrication industry collapsed due to Chinese subsidizes [2][3].
[0] - https://commission.europa.eu/strategy-and-policy/priorities-2019-2024/european-green-deal/green-deal-industrial-plan/net-zero-industry-act_en https://commission.europa.eu/strategy-and-policy/priorities-...
[1] - https://home.cib.natixis.com/articles/european-net-zero-industry-act-an-effective-response-to-the-us-ira https://home.cib.natixis.com/articles/european-net-zero-indu...
[2] - https://www.bruegel.org/blog-post/protectionist-dog-didnt-bark https://www.bruegel.org/blog-post/protectionist-dog-didnt-ba...
[3] - https://www.reuters.com/business/energy/germany-mulls-options-protect-domestic-solar-manufactures-price-dumping-document-2023-09-28/ https://www.reuters.com/business/energy/germany-mulls-option...