Europe seeks level playing field for its electric cars in U.S. market
EU chafes at Inflation Reduction Act, says its own tax breaks don't bar American carsWASHINGTON — European Union and U.S. officials will hold talks on Thursday and Friday to discuss ways to grant EU companies, includingmakers, the same status as U.S. companies in the U.S. market, to avoid what the EU calls discrimination against its producers by the U.S. Inflation Reduction Act, a top EU official said.
The EU is complaining that while it allows government tax breaks or subsidies for purchases of U.S. electric cars like , the United States makes such support conditional on the car, or parts of it, being made in the United States.was the most-sold car in Germany," European Commission Vice President Valdis Dombrovskis, responsible for trade, told a news briefing.
"That would not have been possible without the un-discriminatory EU subsidy, while EU electric cars do not get a similar subsidy in the U.S., which is discrimination that we want to address," Dombrovskis said.— are affected by the U.S. legislation, which covers a host of other products.
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