this post was submitted on 25 Feb 2024
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If future means public subsidies, I'm all for it.
Chinese EVs are cheaper because they are prepaid by Chinese tax payers. That also includes taxes levied from our internet purchases for products made in China.
The secret ingredient is ~~crime~~ slave labor.
Sent from my iphone.
No, the way this usually goes is that a Western firm will order parts from a company in China, which then subcontracts to a firm that uses slave labor. This obfuscation isn't always easy to find out about, especially if you don't have knowledgeable people on the ground.
We in the US would never provide a corporation with state aid!!!
RHEEEE
Whataboutism isn't an answer.
But restricting competition is?
To benefit price gouging US companies?
They aren't price gouging, they have to pay actual living wages, have higher energy costs (China uses almost entirely cheap coal) and can't as easily use slave labor as Chinese automakers.
I trust u bro
GM has negative margins on EVs:
https://apnews.com/article/general-motors-path-to-electric-vehicle-profitability-bba3a9cbbd2aad0953cbc113e53d041c
As does Ford:
https://techcrunch.com/2023/03/23/ford-expects-ev-business-unit-to-lose-3b-this-year-hit-profitability-in-2026/?guccounter=1
This takes seconds to research.
yeah they are pricing gouging on trucks and SUVs while designing shiti products that's expensive/hard to repair.
also tesla seems to be doing fine. GM should git gud.
If you think the repairability of American cars is bad, you're in for a rough awakening with Chinese cars.
Whatabout whataboutism about what
The whole industry lives off subsidies, regardless of the type or where they are manufactured.
Sounds like a good way to make cars more available and balancing the cost with the rich.
Is there any evidence for this?
It's very public knowledge. China doesn't hide it.
https://www.reuters.com/business/autos-transportation/china-announces-extension-purchase-tax-break-nevs-until-2027-2023-06-21/
https://www.npr.org/2024/02/18/1225653773/china-electric-vehicles-byd-nio-geely-vw-europe
https://www.reuters.com/world/europe/eu-launches-anti-subsidy-investigation-into-chinese-electric-vehicles-2023-09-13/
ETA: you're right to ask for a source
Right but if they’re made in Mexico? Maybe?
In a funny way this sounds like prescription drugs, cheaper for the world due to US tax payers.