this post was submitted on 10 Dec 2023
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Chinese EVs are being sold at a loss of up to 35k per car:
https://www.nytimes.com/2023/10/05/business/nio-china-electric-vehicles.html
The Chinese government is subsidising their car industry, so they can engage in dumping, and decimate our car industries. When our domestic car industries are dead, they'll raise prices. It's like Amazon or any other scummy megacorp that kills local businesses.
This being said, it's hard to feel sorry for companies who also receive plenty of government subsidies and tax breaks, broke the law on emissions testing and likely killed a lot of people because of it, and refused to innovate or lower prices out of sheer greed.
I truly don't care if China destroy the car industry, it's fucking ridiculous how expensive some basic shit is. In my opinion if you introduce a feature into your cars, you have ten years before it should become standard.
China is using subsidies to accelerate the green transition, exactly like the US is doing with the "Inflation Reduction Act" and other initiatives.