China seeks panel to review EV subsidies

CHINA has proposed to the World Trade Organization (WTO) the establishment of an expert panel regarding a dispute over new energy vehicle (NEV) subsidies and other measures under the US Inflation Reduction Act (IRA), as the United States has failed to reach a solution through consultations with China, a spokesman for the Ministry of Commerce (Mofcom) said on Monday.

Experts said that the move is a rational response to the unfair US sanctions targeting Chinese companies and products, urging the US to drop the politically motivated IRA and seek more cooperation instead of confrontation with China in fighting against climate change.