this post was submitted on 19 Dec 2024
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Electric Vehicles

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Electric Vehicles are a key part of our tomorrow and how we get there. If we can get all the fossil fuel vehicles off our roads, out of our seas and out of our skies, we'll have a much better environment. This community is where we discuss the various different vehicles and news stories regarding electric transportation.

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[–] [email protected] 4 points 2 months ago (2 children)

For the EU, car manufacturing is 7% of the GDP, so of course where they can't compete they think to stifle their rivals. For the US though, it's only 3%, so I don't think it's beneficial at all, not even through blinkered lenses, they just want to maintain an illusion of dominance, which is a shame as these tariffs both in Europe and the US come at the cost of progress.

[–] [email protected] 4 points 2 months ago* (last edited 2 months ago) (1 children)

For the EU, car manufacturing is 7% of the GDP,

I'm surprised, but it checks out with a quick check:

https://www.statista.com/statistics/1128973/revenue-motor-vehicle-manufacturing-european-union/

Annual revenue of the motor vehicle manufacturing industry in the European Union €1.2 trillion (2022)

https://en.wikipedia.org/wiki/Economy_of_the_European_Union

GDP $19.4 Trillion. (2024)

So although the numbers are not the same year, it's just below 7% comparing 2 years apart. So close enough IMO.

[–] [email protected] 5 points 2 months ago (1 children)
[–] [email protected] 2 points 2 months ago (1 children)

they just want to maintain an illusion of dominance, which is a shame as these tariffs both in Europe and the US come at the cost of progress.

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.

[–] [email protected] 1 points 2 months ago (1 children)

Who's "they" and what companies are you even referring to here?

GM and Ford. You know GM who were given money to invest in EV R&D and instead did a stock buy back

[–] [email protected] 1 points 2 months ago (1 children)

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.