this post was submitted on 19 Dec 2024
        
      
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      Electric Vehicles
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Who's "they" and what companies are you even referring to here? The US only has 3 remaining domestic companies, GM, Ford, and Tesla while the rest here are foreign companies like Honda, Toyota, Kia, etc. You're telling me that every major auto manufacturer in the world outside of China is being held back from progress due to some tariffs in two markets? That's quite the claim.
What's the cost to progress when these Chinese EVs that sell way below cost put all those other manufacturers out of business? You're demanding a monopoly under the guise of increased innovation. Monopolies stifle innovation.
GM and Ford. You know GM who were given money to invest in EV R&D and instead did a stock buy back
They were given money to help convert their factories to EV production and haven't done any stock buybacks since that money was granted. Seems like you're confused about the details.
https://electrek.co/2024/06/14/gm-had-6-billion-to-spend-on-next-gen-evs-chose-stock-buybacks-opinion/
Nothing here contradicts what I said.