How substantial are Chinese EV subsidies?
Much of the rhetoric on this has been pretty broad brush up to now, but the Center for Strategic and International Studies (CSIS) has now put some flesh on the accusations. “From 2009 to 2023, we calculate that Chinese government support cumulatively totaled $230.8 billion. Absolute funding annually was around $6.74 billion in the first 9 years of our analysis (2009-2017), as the sector was just getting off the ground. Spending roughly tripled during 2018-2020, and then has risen again sharply since 2021.” The report points out that government support as a percentage of the total sales of the EV...
Topics
China
CSIS
Europe
EVs
IRA
S301
Subsidies
Tariffs
US
