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Another (possibly bigger) reason cars are cheaper in China is because their government subsidizes the heck out of BYD and the likes. It would be like if Tesla d
by caleblloyd 1y ago
Another (possibly bigger) reason cars are cheaper in China is because their government subsidizes the heck out of BYD and the likes. It would be like if Tesla didn’t have to pay anything to build their factories.
- 999900000999 1y agohttps://knowledge.wharton.upenn.edu/podcast/knowledge-at-wharton-podcast/auto-bailout-ten-years-later-right-call/ https://knowledge.wharton.upenn.edu/podcast/knowledge-at-wha... We subsidize our auto industry too. Imagine if we let in the Chinese EVs stacked with the tax credit, you could get a car for 5000$ or less.
- dluan 1y agoNot sure if this is a tongue in cheek joke, but Tesla has benefited massively from federal subsidies as well as local dog and pony shows of small municipal factory sites.
- caleblloyd 1y agoIt wasn’t a joke, but I do see your point. US subsidies for EVs are massive as well. I guess I just hadn’t dug into the numbers. Now I’m not sure who gives more subsidies, the US or China. The federal tax credit in the US is much higher than the Chinese equivalent it appears. But the factory and R&D subsidies are much harder to compute.