Good, keep that dangerous shit off our roads
If they are dangerous, why not just have strong safety regulations?
Rather than fixing the economy issues at home, we create more barriers to entry for affordable EV’s domestically. Fucking dinosaurs rich off dinosaur remains ruining the planet for our children.
To be fair, China is massively subsidizing those manufacturers. Sky high tariffs are a pretty standard response to anti-competitive practices.
The barrier to domestic EVs is that dealers and manufacturers don’t like them because of the lower maintenance. We need to tighten efficiency standards to provide better motivation.
This has nothing to do with the economy as a whole which is doing great by all the standard metrics. It’s not great for those at the bottom, but they aren’t the market for new vehicles.
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
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.
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.
The US automotive industry already isn’t competitive abroad. This is only going to make it worse. Meanwhile the investors reap monopoly profits while the consumers pay the price. (And yes I know it’s technically an oligopoly.)
American cars are incredibly popular in Europe.
In terms of market share, the Volkswagen Group remains the market leader in the EU in December. The company from Lower Saxony secured 24.9 percent of the pie with all its brands. The Stellantis Group accounts for 16.7 percent with its brands. The Renault Group is in third place with 12.1 percent. The strongest individual brand in December 2022 was VW with a market share of 11.2 percent. Renault secured second place with 6.8%, just ahead of Mercedes (6.6%). Toyota (6.0%), BMW (5.8%), Audi (5.4%), Dacia (5.2%), Peugeot (4.8%), Skoda (4.4%), Hyundai (3.8%) and Ford (3.6%). Opel is on a par with its sister company Fiat with a market share of 3.3%, while Kia is just ahead of Seat (3.1%) with 3.2%. Volvo is ahead of Citroën with 2.7 percent.
https://www.auto-motor-und-sport.de/verkehr/eu-neuzulassungen-dezember-2022-gesamtjahr/
Yeah, Americans are absolutely dominating in Europe.
