CCP subsidizes the absolute shit out of domestic EVs (and many other emerging technologies) which basically forces people to buy them, so it shouldn’t be any surprise they’re selling them like crazy. Meanwhile conservatives in the US are stripping incentives away.
E: holy shit, the Lemmy tankies are real. I literally only spoke negatively of the US and yet I’m immediately blasted with their default replies; whataboutisms and false equivalencies about the US, in a conversation about the European market.
You should learn about US fossil fuel subsidies. The US alone pumps almost 800 billion/yr into subsidising the industry. Total subsidies worldwide are around 7 trillion/yr.
China tossing 40 Billion/yr into EV/battery subsidies is basically pocket change.
China spending 1/20 of what the US does to subsidize cars isn’t relevant? Sure thing buddy.
The whole point of all of these “china is only dominating in EV sales due to subsidies” comments is to throw shade on China’s impressive progress in clean tech. A contrast of their subsidies vs other countries in the same space, motor vehicles, is entirely relevant.
I believe main goal of China investing in green tech is to show middle finger to oil and gas producers. China has virtually none of both oil and gas and so is reliant on import. With mostly green cars and electricity from water, sun and wind, they will have much, much better leverage in global say.
CCP subsidizes the absolute shit out of domestic EVs (and many other emerging technologies) which basically forces people to buy them, so it shouldn’t be any surprise they’re selling them like crazy. Meanwhile conservatives in the US are stripping incentives away.
E: holy shit, the Lemmy tankies are real. I literally only spoke negatively of the US and yet I’m immediately blasted with their default replies; whataboutisms and false equivalencies about the US, in a conversation about the European market.
E2: please read up on Predatory Pricing before replying to me.
You should learn about US fossil fuel subsidies. The US alone pumps almost 800 billion/yr into subsidising the industry. Total subsidies worldwide are around 7 trillion/yr.
China tossing 40 Billion/yr into EV/battery subsidies is basically pocket change.
I have no interest in a pissing match over which country is the worst in the world, I am discussing why China is dominating the EV market in Europe.
China spending 1/20 of what the US does to subsidize cars isn’t relevant? Sure thing buddy.
The whole point of all of these “china is only dominating in EV sales due to subsidies” comments is to throw shade on China’s impressive progress in clean tech. A contrast of their subsidies vs other countries in the same space, motor vehicles, is entirely relevant.
I believe main goal of China investing in green tech is to show middle finger to oil and gas producers. China has virtually none of both oil and gas and so is reliant on import. With mostly green cars and electricity from water, sun and wind, they will have much, much better leverage in global say.