Stellantis CEO says Chinese EVs are ‘possibly the biggest risk’ facing his carmaker and Tesla::The owner of the Dodge, Jeep, and Chrysler brands aims to take on Chinese EVs while avoiding a “race to the bottom.”
Stellantis CEO says Chinese EVs are ‘possibly the biggest risk’ facing his carmaker and Tesla::The owner of the Dodge, Jeep, and Chrysler brands aims to take on Chinese EVs while avoiding a “race to the bottom.”
They are, EU governments give incentives and tax reductions to all EVs. That way all benefit equally, disregarding where the car was made, but EU is NOT subsidizing manufacturers illegally.
USA also has anti competitive regulation like China, but in USA you only get the benefits for cars made in USA, on top of that EV cars from China have a steep tax added.
Of the 3 biggest markets in the world, only EU is playing fair. But all have EV incentives.
There is no “fair” under capitalism. What I read from this is that the EU has failed its citizens on promoting and helping regional brands to compete on the global market.
When the global market speaks, you can either adapt or do nothing and complain. It’s clear which one is the path the EU is choosing.
Stellantis is mostly European, it’s FIAT and Peugot with their other brands. I’m fairly certain they get enough subsidies and tax breaks. That this Italian/American/French company is registered in the Netherlands shows that some tax-dodging is involved as well. I think it’s a case of the pot calling the kettle black.
(Also, Volkswagen Group is the bigger European car manufacturer.)