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China still has a humongous "market of last resort": the internal masses, which can be leveraged with public money (i.e. the state could pay poor people to buy
by toyg 2y ago
China still has a humongous "market of last resort": the internal masses, which can be leveraged with public money (i.e. the state could pay poor people to buy cars). This can keep manufacturers alive until the trade war cools down.
- MrHamburger 2y agoThat humungous internal market is also pretty poor to afford BEVs in a price tag which would have been sold in EU or USA, same like rest of the planet. Furthermore rest of the planet (expect few developed islands) have additional issues with non-existent infrastructure to support BEV.
- Cumpiler69 2y ago>That humungous internal market is also pretty poor to afford BEVs in a price tag which would have been sold in EU or USA The US consumer has on average more purchasing power than the EU consumer, but BEH prices are roughly the same on both sides.