Clément Inbona, Fund Manager of La Financière de l’Échiquier, analyzes the situation of the sector and questions Elon Musk’s company which has to face the invasion of vehicles produced in China
Mobility, at the center of human development, has always been a divisive topic, a bit like any innovation. Today more than ever: when we talk about electric cars there is no shortage of controversy and geopolitical relations are put to the test. He is convinced of it Clément InbonaFund Manager of La Financière de l’Échiquierwhich questions the scenarios.
INCENTIVES, SUBSIDIES AND RISK OF DUMPING
“In recent years – he explains – the great world economic powers have not hesitated, in order to generate valuable economies of scale, to subsidize the development of the sector and that of battery production, with direct actions in favor of industrialists or indirectly facilitating their consumer adoption. Due to these market distortions, the accusations of dumping by China, the United States and Europe. Also Janet YellenUS Treasury Secretary, recently expressed concern about ‘the global impacts of excess production capacity in China’ although, in terms of subsidies, the United States is also to blame with, for example, the Inflation Reduction Act”…
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** This article was written by FinanciaLounge
