jeffw@lemmy.world to

World News@lemmy.worldEnglish · 7 months ago

Chinese EV makers won’t get subsidies from Mexico after US pressure

arstechnica.com

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Chinese EV makers won’t get subsidies from Mexico after US pressure

arstechnica.com

jeffw@lemmy.world to

World News@lemmy.worldEnglish · 7 months ago

Mexico has offered generous incentives for automakers in the past.

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7 months ago
Subsidized by the government like…

Tesla?

https://newrepublic.com/article/175397/teslas-cheaper-now-thanks-subsidies-musk-hated

https://qz.com/elon-musks-spacex-and-tesla-get-far-more-government-mon-1850332884

https://www.businessinsider.com/elon-musk-list-government-subsidies-tesla-billions-spacex-solarcity-2021-12

https://www.latimes.com/business/la-fi-hy-musk-subsidies-20150531-story.html

https://www.govtech.com/policy/gov-newsom-says-california-subsidies-powered-teslas-success

Oh, sorry, you must have meant a traditional car manufacturer like Ford.

https://www.cbtnews.com/ford-scores-massive-9-2-billion-loan-for-electric-vehicle-batteries/

https://www.michigancapitolconfidential.com/news/ford-loses-billions-on-evs-despite-government-subsidies

https://www.bloomberg.com/news/articles/2022-10-13/ford-jobs-cost-414-000-apiece-as-fight-for-factories-takes-off

https://www.heritage.org/government-regulation/commentary/taxpayers-are-subsidizing-rich-electric-vehicle-owners-the-tune

https://www.autonews.com/manufacturing/ford-factory-subsidies-are-much-higher-other-deals

Oh, you meant other traditional car manufacturers like GM who took government loans to bail them out from bankruptcy.

https://www.wsj.com/articles/subsidies-supercharge-gms-ev-strategy-11668776501

https://www.energy.gov/articles/biden-harris-administration-announces-155-billion-support-strong-and-just-transition

https://www.mackinac.org/blog/2022/general-motors-should-not-get-soar-subsidies

https://www.politico.com/story/2018/12/19/bush-bails-out-us-automakers-dec-19-2008-1066932

https://www.marketplace.org/2018/11/13/what-did-america-buy-auto-bailout-and-was-it-worth-it/

Or maybe you meant non-American car manufacturers like Volkswagen?

https://www.reuters.com/business/autos-transportation/volkswagen-subsidy-cost-canada-c24-bln-more-than-forecast-2023-06-14/

https://www.cleanenergywire.org/news/germany-has-subsidised-total-two-million-electric-cars

https://industryeurope.com/sectors/transportation/germany-to-double-ev-subsidies-as-vw-launches-car/

They’re made to saturate and destroy markets with cheap goods, driving out the competition. Once there is no competition, they have the market to themselves and can manipulate as they see fit.

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