- cross-posted to:
- worldnews@lemmy.ml
- cross-posted to:
- worldnews@lemmy.ml
Oliver Griffiths, the chief executive of the UK’s Trade Remedies Authority (TRA), which advises the government on trade defence, said it was keeping lines of communication open with ministers and had been in close contact with the car industry. “We’ll be ready to go if anyone does come to us,” he told the Guardian in an interview.
The European Commission also launched an anti-subsidy investigation into Chinese electric vehicles (EVs) late last year after warning that global markets were being “flooded” with cheap imports from the world’s second largest economy.
There is no competition to be anti-competitive on the EV market. You can’t tell me that a 40k+ EV from any manufacturer is remotely comparable to an 11k BYD. A 30k difference is not a competition it’s a slaughter.
Anticompetitive practices don’t exclusively crush existing competition though? It’s even more prevelant in high start up cost industries that the anticompetitive practices are just shutting out competition before they even enter the market.
If you could sell EVs and break even at maybe 15k and someone else is already selling at a loss for 11k, you’d be wasting your time and money even starting R&D on one…