Breakingviews - COMMENTARY: China polishes a potent weapon for EU car wars ↧ ↧ Breakingviews - COMMENTARY: China polishes a potent weapon for EU c... Beijing is phasing out generous ‌export tax rebates for batteries and solar products. Extending that to electric vehicles could help to reduce tensions ​with Brussels. Carmakers' profit margins would shrink ​but big brands like $102 bln BYD can ⁠pass on costs to customers.