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EU to put tariffs of up to 38% on Chinese electric vehicles as trade war looms (www.theguardian.com)

submitted 5 months ago by HowRu68@lemmy.world to c/europe@feddit.de

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[–] 0x815@feddit.de 14 points 5 months ago* (last edited 5 months ago)

This is not about EV cars, but it is a perfect real-life example what happens if and when you pursue an economic policy like China's:

China solar panel manufacturers seek government action to halt freefall in prices

Chinese solar panel manufacturers said they are seeking immediate government intervention to curb investment and industry collaboration to arrest a plunge in prices of solar cells and modules, as the industry faces overcapacity.

Financial incentives and a government push have helped China become the solar panel factory of the world, accounting for about 80% of global module capacity. Analysts expect Chinese manufacturers to add up to 600 gigawatts (GW) this year, enough to meet global demand through 2032.

However, with no end in sight for the plunge in prices, industry officials and analysts said intense competition was threatening to drive smaller producers into bankruptcy. Rapid capacity additions drove down prices of China's finished solar panels by 42% last year.

[Edit typo.]