Geopolitics, Domestic Political Economy and the Rise of Localization Policies in the Global EV Industry
Governments around the world are reviving industrial policy to nurture nascent industries through multiple instruments, including tariffs, subsidies and localization policies. This shift is occurring amid intensifying geopolitical competition and weakening multilateral trade norms that are reshaping the global policy space. The electric vehicle (EV) industry, at the heart of global innovation and industrial competition, […]