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The reality is that if USA can't produce a majority of EV batteries itself then there will never be any serious reduction of investment in gasoline engines sinc
by VWWHFSfQ 4y ago
The reality is that if USA can't produce a majority of EV batteries itself then there will never be any serious reduction of investment in gasoline engines since it will pretty much be required for national security reasons.
Same reasons it's presently in the process of basically relocating TSMC to Arizona.
- KennyBlanken 4y ago> Same reasons it's presently in the process of basically relocating TSMC to Arizona. Right as the global semiconductor market implodes because demand has shrunk while production has recovered. There is a snowball's chance in hell that the US semiconductor factories will be able to turn a profit; they will likely shut down quickly, if they ever open. They'll be partially built, just enough to claim the grants and tax breaks...and then rot. It's just yet another policy that throws tanker-trucks full of cash at the already unfathomably wealthy with little accountability and zero expectation of payback (either real or in terms of ancillary benefits to society) while the poorest Americans have to file reams of paperwork just to be able to get basic assistance for things like eating and healthcare.
- VWWHFSfQ 4y agonah this is different because USA has no interest in fighting China over Taiwan. But it also can't have the microchip supply chain cut off. Hence, relocating Taiwan's most valuable assets to Arizona before the war starts.
- Vrondi 4y agoThey aren't moving to Arizona to produce profit. They are moving to Arizona to keep the US military from being crippled if China takes over Taiwan.