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That's one way to view it. But in my experience with EU grant's it more that bureaucrats think "we need greener transport", they allocate a billion to it, get 1
by wongarsu 4y ago
That's one way to view it. But in my experience with EU grant's it more that bureaucrats think "we need greener transport", they allocate a billion to it, get 10000 proposals of people who want to do projects with that, and select 100 of those to get 10 million each. Maybe one of those is an electric car company. But most of them won't pan out, and Elon wouldn't participate because in the time from writing the proposal to getting the money he already built the factory.
- kmac_ 4y agoThis, but foremost, financing by private investors is very small. All companies with a valuable product move sooner or later to US or they face money starvation. Also EU suffers of market fragmentation, unless you have good recomendations and market visibility, nobody will buy the product. US is a very different market, very deep and competetive.