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Chinese subsidies are an order of magnitude larger, which makes it a difference of kind (according to various government treasury departments).
by mensetmanusman 2y ago
Chinese subsidies are an order of magnitude larger, which makes it a difference of kind (according to various government treasury departments).
- cma 2y agoTesla got $300million for battery swapping and $1 billion for a Buffalo solar plant. Many other billions total with federal and Nevada, Texas. And various state incentive programs. Their partner Panasonic is a keiretsu and I think has gotten billions in EV battery related subsidies overall. BYD I think is similar order of magnitude to the two partners combined.
- slaw 2y ago> China gave BYD $3.7 billion to ‘win’ the EV race. That amounts to $1k per vehicle, so China subsidies are an order of magnitude smaller than US or EU subsidies. https://electrek.co/2024/04/12/china-gave-byd-an-incredible- https://electrek.co/2024/04/12/china-gave-byd-an-incredible-...
- Tiktaalik 2y agoWe're experiencing an existential climate emergency. It's a good thing for a state to heavily invest in green technology for export. USA and EU should be doing the same.
- consp 2y agoLooking only at raw subsidies for the main company is bad for both western and eastern manufacturers as it skews to what is published and forgets tax breaks, local subsidies, subsidiary subsidies, subsidies down the supply chain etc.