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<blockquote data-quote="al97" data-source="post: 149575" data-attributes="member: 29424"><p>21 Sep - Commercial Awareness - Energy sector</p><p>Link: <a href="https://www.ft.com/content/55ec498d-0959-41ef-8ab9-af06cc45f8e7" target="_blank">https://www.ft.com/content/55ec498d-0959-41ef-8ab9-af06cc45f8e7</a></p><p><a href="https://www.ft.com/content/1d3201e1-bfbf-4eb2-aca1-06c83d87b1e6" target="_blank">https://www.ft.com/content/1d3201e1-bfbf-4eb2-aca1-06c83d87b1e6</a></p><p>Topic: EU and UK’s EV sector suffers competition from China </p><p></p><p>EU</p><ul> <li data-xf-list-type="ul">Brussels will launch an anti-subsidy investigation in to China’s electric vehicles (EV). </li> <li data-xf-list-type="ul">Definition: Anti-subsidy are trade import duties imposed on goods to neutralise the negative effects of state subsidies </li> <li data-xf-list-type="ul">France demanded action against Chinese EV as they’re losing market shares to China.</li> <li data-xf-list-type="ul">In the past, China has outperformed the EU with trade in the solar industry and wind industry. </li> <li data-xf-list-type="ul">In 2010, photovoltaic manufacturers in EU went into insolvency. Then, Brussels launched a tariff regime against Chinese imports in 2012, but scrap it again later to boost renewable power.</li> <li data-xf-list-type="ul">Similar challenges emerge in the wind industry.</li> </ul><p></p><p>UK</p><ul> <li data-xf-list-type="ul">In UK, the ban on selling petrol and diesel cars was planned to commence in 2030, but Sunak announced that the ban would be delayed to 2035. </li> <li data-xf-list-type="ul">EV cars must reach the target of 80% of the market total produce. The delay of the ban may discourage consumers from buying EV therefore harder for the industry to reach the target. </li> <li data-xf-list-type="ul">UK EV sales scheme require manufacturers to sell a certain portion of EV otherwise they may be fine up to £15,000/vehicle.</li> <li data-xf-list-type="ul">Thankfully, governments are flexible with the targets. If manufacturers can’t hit the target at the earlier stage, they can make up for it at the later stage so they don’t need to pay the penalties. </li> </ul></blockquote><p></p>
[QUOTE="al97, post: 149575, member: 29424"] 21 Sep - Commercial Awareness - Energy sector Link: [URL]https://www.ft.com/content/55ec498d-0959-41ef-8ab9-af06cc45f8e7[/URL] [URL]https://www.ft.com/content/1d3201e1-bfbf-4eb2-aca1-06c83d87b1e6[/URL] Topic: EU and UK’s EV sector suffers competition from China EU [LIST] [*]Brussels will launch an anti-subsidy investigation in to China’s electric vehicles (EV). [*]Definition: Anti-subsidy are trade import duties imposed on goods to neutralise the negative effects of state subsidies [*]France demanded action against Chinese EV as they’re losing market shares to China. [*]In the past, China has outperformed the EU with trade in the solar industry and wind industry. [*]In 2010, photovoltaic manufacturers in EU went into insolvency. Then, Brussels launched a tariff regime against Chinese imports in 2012, but scrap it again later to boost renewable power. [*]Similar challenges emerge in the wind industry. [/LIST] UK [LIST] [*]In UK, the ban on selling petrol and diesel cars was planned to commence in 2030, but Sunak announced that the ban would be delayed to 2035. [*]EV cars must reach the target of 80% of the market total produce. The delay of the ban may discourage consumers from buying EV therefore harder for the industry to reach the target. [*]UK EV sales scheme require manufacturers to sell a certain portion of EV otherwise they may be fine up to £15,000/vehicle. [*]Thankfully, governments are flexible with the targets. If manufacturers can’t hit the target at the earlier stage, they can make up for it at the later stage so they don’t need to pay the penalties. [/LIST] [/QUOTE]
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