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by StopDisinfo910
435 days ago
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> Neither Europe nor the US can compete with the level of disdain for the environment, labor laws and poverty that China brings to the table. The issue is entirely subsidies at this point. Labour costs have been steadily rising for the past decades and significant poverty hasn't been an issue for a long time. Emission wise, China is strictly ahead of the USA when you look per capita (unsurprisingly, they are not an oil producer). China is not in a race to the bottom. Their hdi has been steadily climbing. They are economically more or less in the same position that Japan was in the 80s before the Plaza accord but with less prosperity, on the verge of becoming a developed country. |
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Which is a moot point because European manufacturers also received insane subsidies form their governments in the past.
The issue is China has been innovating in EVs hardcore for 15+ years while European manufactures kept pushing diesels and cutting costs with their suppliers and were only making EVs to shut up the green hippies, but were never committed to them, and now they've been caught with their pants down unable to compete on price nor on technology.
They got fat, lazy and complacent thinking their brand names would carry them.