this post was submitted on 19 Dec 2024
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Electric Vehicles
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No that's not funny, because it's not subsidizing customers but helping profitability of making cars in China, and it's very obviously because the Chinese subsidies are anti competitive, and allowing that is undermining European and US production.
If you really believe cost savings are passed on to consumers when the competition is gone, you are very naive.
America subsidises American cars and Germany subsidises German cars. Why do people act like China is a special case?
In what way? American EV subsidies apply to any company that builds cars here whether they're American or not. Chinese subsidies only apply to Chinese automakers.
Germany and the US aren't subsidizing their cars to a price so low that they undercut everyone else in a foreign market. That's the difference.
Subsidies or no subsidies the petrol Volkswagen Taos / Tharu XR cost around $11k in China [1] while 2.5x more in the US [2]
Tesla was once the most subsidised automaker in China [3]
The US is also trying to block Chinese battery companies from operating locally [4]
Also companies like BYD prices its cars multiple times what it sold for locally and are making a huge profit margin from cars sold overseas in Europe.[5]