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China’s EV Dominance Threatens to Undermine U.S. Subsidies
Credit: OilPrice.com- Published 2 weeks ago
China’s dominance over EV supply chains risks making U.S. subsidies for the industry unusable, South Korea has said. Subsidies for EV manufacturing, including components, under the Inflation Reduction Act seek to reduce sourcing from China. Yet China controls almost the entire EV supply chain. This means few if any companies...
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