The European Commission said on Thursday it "welcomes" US guidelines that allow European carmakers to benefit from Washington's subsidy spree for clean vehicles.
With its Inflation Reduction Act (IRA), passed over the summer and coming into force on 1 January 2023, Washington plans to lavish $367 billion (€344b) in state aid to boost US manufacturing and incentives for consumers to buy American products including cars, batteries and renewable energies.
Europe has denounced parts of the bill as discriminatory, fuelling concerns that the allies could enter into a trade war and demanded to be given the same access to the American market as Canada and Mexico during negotiations held in a newly-created Task Force.
Read more at: https://www.euronews.com
No comments:
Post a Comment