China has spent $57 billion over 7 years on EV subsidies. The US subsidies are buyer incentives which, until recently, were available for foreign vehicles as well. A Tesla sold in China does not get subsidized. Chinese subsidies have included large direct subsidies on the manufacturing.
I personally see direct subsidies to corporations as a last resort since corporations seem to use them for nothing but stock buy-backs.
Certainly, but that doesn’t mean the US can be dependent on China for it’s transition. As stated further up, I am very much in favor of government intervention to force auto makers to sell a lot more electrics. The current regulations are terrible.
Just Tesla gets $1.8b in subsidies per year from US government alone.
https://newrepublic.com/article/175397/teslas-cheaper-now-thanks-subsidies-musk-hated
China has spent $57 billion over 7 years on EV subsidies. The US subsidies are buyer incentives which, until recently, were available for foreign vehicles as well. A Tesla sold in China does not get subsidized. Chinese subsidies have included large direct subsidies on the manufacturing.
I personally see direct subsidies to corporations as a last resort since corporations seem to use them for nothing but stock buy-backs.
Sounds like China wanted it more.
China has surpassed the West in EV adoption and electrification overall, and we are here eating Play-Doh in our Cybertrucks.
Certainly, but that doesn’t mean the US can be dependent on China for it’s transition. As stated further up, I am very much in favor of government intervention to force auto makers to sell a lot more electrics. The current regulations are terrible.
He gets subsidies from the CCP too