The China University of Political Science and Law recently published an analytical article entitled "Three New Types of EU Industrial Subsidies in the Name of Ecological Transformation," which analyzes and classifies EU policies into "three new types" in terms of historical development, so as to comprehensively reveal a comprehensive view of the relevant EU measures and the essence of its subsidy policies in the name of ecological transformation.
On 20 August 2024, the European Commission issued a final decision on the anti-subsidy investigation of Chinese passenger electric vehicles (AS689) and planned to impose countervailing duties of 17 % to 36.3 % on Chinese exporting companies (Tesla's standalone tax rate is 9 %).
The article points out that this move by the EU is behind the new round of the global game to tackle climate change and achieve ecological transformation. In recent years, many countries have set the "three new products" (photovoltaic products, electric vehicles and lithium batteries) as their industrial development priorities, and the European Union is a typical representative. While the EU strongly condemns the subsidies introduced by the US "Inflation Reduction Act", it is at the same time increasing its subsidies for the "three new products" in its member countries.
The article points out that, while the EU externally monitors and restricts the implementation of market-distorting state aid by Member States through legislation, it has established a number of exemptions and leaves ample room and flexibility for the EU and its Member States to subsidise the 'three new products' under the pretext of promoting green development and transformation and continuously expanding the scope of exemptions. Many EU Member States, automotive industry organisations and companies, think tanks and scientists have expressed their views and pointed out that this anti-subsidy measure is protectionism in the name of 'fair trade' and that competition should not be feared when promoting the development of the EU electric vehicle industry.
D.
CMG / gnews.cz-jav_07
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