The EU should seek cooperation with China on new-energy vehicles (NEVs) so as to tap the great complementarities between the two vital trading partners, rather than taking a protectionist path, Chinese observers said on Monday, commenting on the latest development of opinions on NEVs within the EU.
China has lodged a World Trade Organization (WTO) dispute complaint over discriminatory subsidies on new-energy vehicles (NEVs) under the US Inflation Reduction Act (IRA), a Chinese Ministry of Commerce (MOFCOM) spokesperson said on Tuesday.
Vietnam is experiencing a strong shift towards electric vehicles (EVs). The supportive and preferential policies implemented by the Government, such as the exemption of registration fees and reduction in special consumption tax for EVs, have played a significant role in promoting the adoption of this type of vehicle in the country.