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by elictronic 8 days ago
Why wouldn't they? They subsidized their EV industry with 230 billion dollars over the last 14 years. Solar was before that with about 17 billion.

The US puts about 0.4% of GDP towards various subsidies, China is around 4%. This isn't about cost of engineering, it's money thrown at industries directly to boost them. The us provides tax incentives. China just gives you subsidized loans to the businesses they choose to dominate.
1 comments
asadotzler 8 days ago
The US subsidized its EV industry with about $120B over the last 15 years, and that's what they gave out despite congress expecting $300B in their reporting just a few years ago. So, it's not like China threw hundreds of billions at EVs while the US left it all to GM and Ford to solve.
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elictronic 8 days ago
I would love to see the reference you have for those numbers. Money approved is not money spent. Especially when those subsidies have been killed.

You might want to glance and see which one of the subsidies your looking at are even still in place and not projections. Most have been canceled for years now.

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pessimizer 8 days ago
> The US subsidized its EV industry with about $120B over the last 15 years

Not with loans to scrappy startups, but with subsidies to buyers that were just pocketed as margin by oligarchs.

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