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this post was submitted on 27 Jun 2024
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This isn't competition, it sounds like the CCP heavily subsidises the manufacture, in an attempt to kill the American industry off.
Thinking in decades or centuries is a very powerful tool!
The US subsidizes their EV industry twice as much as China. The real why China can do this is because the US has gutted their industrial base in favor of financialization while China built up their industrial base.
Yeah, sure - that's still China trying to undercut and ensure the US remains reliant on them long term...
No that's just the US not being competitive because stock buy backs and layoffs are easier than building good cheap cars.
...or both. Think about it, if what you've said is completely true (I don't disagree, BTW), why would they bother subsidising?
They're trying to ring fence the market. That the US is helping then is only vaguely related
But it's not both. How can you produce something for cheaper with less subsidies unless your just better at it.
It's like saying the winner of a race had an unfair advantage even after giving their opponent a head start.