Europe’s difficult path on China’s EVs is a lesson for North America

Excerpt

North America and Europe are facing an economic security crisis in the making, as China muscles its emerging electric vehicle monopolies and overcapacity into the Western market.

Europe has already shed more than 10,000 automotive jobs in the face of Chinese EV sales to the European Union. The U.S. could be cornered into similar job losses. 

For a critical emerging technology disrupting an industry sector responsible for 3 percent of our national GDP and 22 percent of all trade in North America, the leaders of the U.S., Mexico and Canada simply cannot allow that.

Elaine Dezenski is senior director and head of the Center on Economic and Financial Power at the Foundation for Defense of Democracies, where Niko Stavropolous is a research intern.