Mexico halts incentives for Chinese EV makers under US pressure due to tariff concerns.
Mexico is halting incentives for Chinese electric vehicle makers under US pressure, according to three Mexican officials. The Mexican federal government will not offer low-cost public land or tax cuts for investment in EV production to Chinese automakers. The decision comes amid fears that American officials believe Mexico could be used as a way for Chinese automakers to circumvent import tariffs.
April 18, 2024
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