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by lucubratory
966 days ago
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It's not a conspiracy, although obviously Bloomberg has got a bone to pick with EVs right now. It's just not at all contradictory with the fact that EVs are doing fantastic in China right now. Graveyards of discarded vehicles is a consequence of rideshare fleets of undesirable vehicles disbanding, which is a consequence of relatively minor errors in Chinese industrial policy being present in their EV subsidies, then being removed when China stripped out those heavy subsidies to stop graft four years ago. The article even explains all of this. The important part is that while the subsidies introduced significant graft and the creation of some vehicles which were below market standard to the point that consumers wouldn't buy them, those subsidies also worked to build the factories, train the people, and demonstrate the demand which have then ensured that ever since China axed those subsidies four years ago, EV sales have still been growing extremely fast, every single year. Those subsidies were good policy, and so was gutting them to reduce corruption once EVs had enough momentum to not be significantly helped by them anymore. We should learn from that good policy and try to compete, rather than just giving up and going home. |
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