Automotive Industry

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Biden rumored to announce quadrupling of tariffs on Chinese EVs, up to 100% (electrek.co)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] [email protected] 27 points 9 months ago (2 children)

Just Tesla gets $1.8b in subsidies per year from US government alone.

https://newrepublic.com/article/175397/teslas-cheaper-now-thanks-subsidies-musk-hated

[–] [email protected] 15 points 9 months ago (1 children)

China has spent $57 billion over 7 years on EV subsidies. The US subsidies are buyer incentives which, until recently, were available for foreign vehicles as well. A Tesla sold in China does not get subsidized. Chinese subsidies have included large direct subsidies on the manufacturing.

I personally see direct subsidies to corporations as a last resort since corporations seem to use them for nothing but stock buy-backs.

[–] [email protected] 5 points 9 months ago (1 children)

Sounds like China wanted it more.

China has surpassed the West in EV adoption and electrification overall, and we are here eating Play-Doh in our Cybertrucks.

[–] [email protected] 3 points 9 months ago

Certainly, but that doesn't mean the US can be dependent on China for it's transition. As stated further up, I am very much in favor of government intervention to force auto makers to sell a lot more electrics. The current regulations are terrible.

[–] [email protected] 2 points 9 months ago

He gets subsidies from the CCP too