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It turns out that if you subsidize manufacturing less than other countries, your products will cost more.
by klooney 1y ago
It turns out that if you subsidize manufacturing less than other countries, your products will cost more.
- rsynnott 1y agoI assume you're thinking of China. However, if anything the US subsidises car manufacturing _more_ than Europe (in particular it's always ready with a cheeky bailout, whereas European countries have been more prone to just let failing car companies die or merge), and, for all the talk about BYD (understandable; the media likes novelty, and "scary Chinese upstart is making lotsa EVs" is more media-friendly than "Boring old VW AG is making lotsa EVs"), the European manufacturers are also doing far better here than the US legacy manufacturers.