According to Mao Ning, a spokesman for the Chinese foreign ministry, the country never employs subsidies for electric vehicles (EVs), which the WTO has banned.
Some predict that the entry-level electric vehicles being produced by Chinese companies will have an impact on major US automakers, particularly those that have recently concentrated on large SUVs with petrol engines.
Ning went on to say that China’s innovative energy products, such as electric vehicles (EVs), are well-liked abroad and are the outcome of “combined efforts of comparative advantages and market laws.”
The comments come against the backdrop of inquires by American President Joe Biden that China offers subsidies to flood the US market with EVs, a concern shared by other officials as well, Reuters noted.
Mao retorted that there was no question of flooding the US market, as last year, China exported only 13,000 electric vehicles to USA, the newswire further noted.
Biden has promised to increase tariffs on several products which includes quadrupling import duties on EVs to over 100%, and doubling duties on semiconductors to 50%.
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