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> 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 subsidi
by 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.