Not sure where you are getting the subsidy figure. China's EV subsidies have been around since 2009, extended and renewed every 2-4 years. The last consumer "direct purchase subsidies" ended in Dec, 2022, but was extended as tax credit for another 4 years for an estimate cost of $72+B in June of 2023. That's in addition to China's provisional ICE-to-EV conversion subsidy of ~20,000 yuan to prop up slowing EV sales, started in May, 2024 and ends December 31 2024, today.
China's cost competitiveness comes from China's protectionism and subsidies past decade. The EU Commission has already conducted an antisubsidy investigation against Chinese EV imports and imposed countervailing measures earlier this year (see EU's Implementation of Regulation 2024/1866) based on prohibited export subsidies given to Chinese EV makers (or MIC EVs).
> The EU Commission has already conducted an antisubsidy investigation against Chinese EV imports and imposed countervailing measures earlier this year
The outcome of that investigation was predetermined.
The French government began pushing for tariffs. The Germans opposed the idea, but France turned out to have more political support on this issue. The EU needs a technical justification for tariffs, so the Commission launched an investigation. That investigation came to the conclusion it needed to in order to justify the policy that had already been decided on at the political level.
The conclusions of the report are petty ridiculous. China has a much more competitive EV market than the EU does, and Chinese manufacturers are much lower cost as a consequence. When Chinese companies export EVs to Europe, they sell them at a very substantial markup, which is the exact opposite of dumping.
The types of subsidies the EU is complaining about are the exact same types of subsidies that EU countries themselves (and US states) give. They're things like government funding for charging infrastructure and sales-tax exemptions.
China's cost competitiveness comes from China's protectionism and subsidies past decade. The EU Commission has already conducted an antisubsidy investigation against Chinese EV imports and imposed countervailing measures earlier this year (see EU's Implementation of Regulation 2024/1866) based on prohibited export subsidies given to Chinese EV makers (or MIC EVs).