China Suspects U.S. Electric Vehicle Subsidy Rules of Violating WTO Rules

China Suspects U.S. Electric Vehicle Subsidy Rules of Violating WTO Rules

XPeng Inc. high performance electric vehicle. P7 near the New York Stock Exchange (NYSE) ahead of the IPO of a Chinese company under the stock symbol XPEV in New York, USA, August 27, 2020. REUTERS/Mike Segar/File Photo

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BEIJING, Sep 22 (Reuters) – China said the US Inflation Reduction Act is suspected of violating WTO rules and will take action if necessary to protect its legal rights, Commerce Ministry spokesman Shu Jueting said on Thursday.

Shu added that China will monitor the implementation of the law and evaluate its implementation.

A new law signed into law by US President Joe Biden last month removes federal tax credits for electric vehicles (EVs) made outside of North America.

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Report of the Beijing News Department; editing by Jason Neely

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