✉news LifeAutos first seen 8 h ago, last 4 h ago, peak #8
Volkswagen took €1.5bn in German EV subsidies amid EU-China tariff push
Original: Volkswagen benefited from €1.5bn in German EV subsidies as it lobbies EU to hit Chinese cars harder
Volkswagen has received €1.5bn in German subsidies for electric vehicle development while simultaneously lobbying the European Union to impose tougher measures on Chinese carmakers, EUobserver reports. The report has drawn criticism over the automaker relying on state support at home while pushing for protection against foreign competition in the European market.
Why now: The combination of receiving large state subsidies while lobbying for protectionist tariffs against Chinese rivals is attracting criticism and attention.
VolkswagenEuropean UnionGermanyChinese carmakersEUobserver
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Evidence
- Volkswagen benefited from €1.5bn in German EV subsidies as it lobbies EU to hit Chinese cars harder · EUobserver
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