The attention heaped on China's EVs seems to have triggered panic among policy makers in the European Union.
Ursula von der Leyen, president of the European Commission, the EU’s executive body, announced Wednesday an anti-subsidy investigation into China-made EVs.
The decision to launch the probe will likely create problems much more complex for major European EV brands than for their Chinese rivals.
To be sure, the probe, carrying the threat of punitive tariffs, will prompt Chinese EV makers to rethink global strategies.
But the issue won’t bother them for long.
Nearly every Chinese EV maker plans to sell vehicles in Europe.
But the reality is many of them haven’t begun to execute such plans. And now threatened by the European Commission probe, they will simply abandon them.