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Talking about Chinese subsidies without mentioning US subsidies is almost enough to make me discount the rest of your comment. Anyone who mentions China's subs
by asadotzler 1y ago
Talking about Chinese subsidies without mentioning US subsidies is almost enough to make me discount the rest of your comment.
Anyone who mentions China's subsides without mentioning the US's $2.5B+ in EV subsidies is mostly likely ignorant and bluffing, or intentionally misleading you.
And don't even get me started on how it took $80B in AIFP subsidies to keep our auto industry from just dying completely ~16 years ago.
This "China subsidizes EVs" BS needs to end. Everyone subsidizes. The only meaningful questions are how much and to what end.
- have-a-break 1y agoChina subsidized startups which generates additional industries. If anything you are proving the US doesn't understand research or science behind producing electric vehicles and simply funding EVs directly instead of associated organizations. Given the current climate theres no way to explain it without sounding like a crazy person.
- hshdhdhj4444 1y agoUnfortunately the U.S. chooses to subsidize consumption as opposed to production. This fits well with the corporate donor driven political system where the government puts no pressure on the corporations on their production side allowing them to outsource their production to the rest of the world and instead focuses on growing the American market and consumer demand for them.
- DiogenesKynikos 1y agoChinese EV subsidies are almost identical to American EV subsidies. They both subsidize consumption, in the form of rebates and tax credits for end consumers. One of the largest recipients of Chinese EV subsidies is ... (drumroll) ... Tesla, an American company.
- didntknowyou 1y agopeople overplay the china subsidies. a lot of the time it is private companies slashing their prices on their own accord as a loss leader to compete with local competitors. also people overlook the "VC subsidies" allowing a lot of startups to defy economic reality until IPO slaps everyone in the face.
- Yeul 1y agoJust look at the US national debt and budget deficit. It's actually America that is destroying the rest of the world with their unlimited credit card. How many countries can go so deeply into debt without lenders cutting them off?
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- kikimora 1y agoQuite a few, to be honest. USA debt to GDP ratio is high but not catastrophically high.