Europe Is Adding An EV Tax Credit As The U.S. Takes Its Away

Douglas McIntyre, Editor-in-Chief at Climate Crisis, explains how Europe is introducing EV tax credits to counter the growing threat of Chinese EVs dominating its market. While these credits aim to make European EVs more competitive, some nations are cautious of sparking a tariff war with China, fearing it could harm exports from companies like Volkswagen. Meanwhile, the U.S. is removing similar tax credits, taking a different approach.