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What people fail to grasp is how subsidised Chinese EVs are. Let us all put our hands together and say "xie xie" to the Chinese tax payers and their entrepreneu
by alliao 3y ago
What people fail to grasp is how subsidised Chinese EVs are. Let us all put our hands together and say "xie xie" to the Chinese tax payers and their entrepreneurs who are bravely following their government directives in massively investing in "New Energy" vehicle. Honestly it's better than polluting air with ICE in the very short term at least for their citizens and us...
- 0xcoffee 3y agoI struggle to see how the car market has ever been fair, subsidies, protectionism, import fees. Cars are not exactly the golden child of the free market. At the end of the day, car prices remain high, and consumers are desperate for cheaper options.
- zhdc1 3y agoThat’s completely by design. Heavy subsidies to get the industry up, which are then retracted slowly to force competition. It’s a well tried model at this point (a century or more, across a large number of countries).