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https://insideevs.com/news/716063/china-ev-subsidies-byd-tesla-billions-study/ https://insideevs.com/news/716063/china-ev-subsidies-byd-tes... > China’s aid to
by jychang 2y ago
https://insideevs.com/news/716063/china-ev-subsidies-byd-tesla-billions-study/ https://insideevs.com/news/716063/china-ev-subsidies-byd-tes...
> China’s aid to domestic new energy vehicles amounted to roughly $5.6 billion until 2022 when the direct payments to manufacturers were phased out.
$5.6 billion in subsidies over 10+ years. Ford has $29bil cash on hand Q3 2024. GM has $32bil cash on hand Q3 2024. Tesla has $33bil cash on hand Q3 2024.
This is all public data (legally required for all publicly traded companies) anyone can check.
American car companies don't need subsidies. They need to be less incompetent about spending their money, and whine less begging for USA government subsidies.
If you believe the USA should send more money to their car companies, you're a sucker who fell for propaganda from car companies who are asking for handouts to increase their profit margin.