Protectionism wrong approach in EV industry: German expert

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Protectionism wrong approach in EV industry: German expert

STORY: Protectionism wrong approach in EV industry: German expert SHOOTING DATE: May 27, 2024 DATELINE: June 16, 2024 LENGTH: 00:02:29 LOCATION: FRANKFURT, Germany CATEGORY: ECONOMY SHOTLIST: 1. various of Chinese EV industry 2. SOUNDBITE (English): FERDINAND DUDENHOEFFER, Director of the Center for Automotive Research (CAR) in Bochum, Germany STORYLINE: Protectionism is the wrong approach to dealing with the rise of China's electric vehicle (EV) industry, and would be detrimental to European automakers, a German expert said. SOUNDBITE (English): FERDINAND DUDENHOEFFER, Director of the Center for Automotive Research (CAR) in Bochum, Germany "I think that story from the EU Commission that there are unfair subsidies to the Chinese car makers to make better prices (of vehicles) is not true. It fails facts because the Chinese industry has better costs in electric vehicles due to the fact that they have big volumes to produce, due to the fact that they are in a scaling effect. They have the economies of scale.

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