Why the EUs green industry plan could escalate the global subsidy fight
The European Commission unveiled the Green Deal Industrial Plan last week in hopes of countering America\u2019s Inflation Reduction Act amid fears the IRA could drive business across the Atlantic to the United States. However, the plan from the European Commission already faces major criticisms, including that Europe might be waging a subsidy race it can\u2019t win. POLITICO Europe\u2019s Sam Stolton breaks down Europe\u2019s plan. Plus, the Treasury Department settles on a standard for EV tax credits that automakers were campaigning for.