China has spent far more. So yes it’s a combination of trying to subsidize US production more in combination with tarrifs to make sure a domestic electric car industry can get off the ground too. Many countries in Europe are also making similar moves.
I don’t know if it’s really about “good guys” or “bad guys,” it’s about many countries, China included, wanting their own domestic production lines for cars.
If anything I would think government subsidies would be a preferable solution for people who had issues with the tarrifs. I would take this to be good news.
Seems too little too late. It was the U.S. car manufacturers that gutted the U.S. auto industry anyway… now they get a handout? Meanwhile the fossil fuel industry is subsidized to the tune of $20 bn a year, which decimated market competition for EVs.
I’m not gonna disagree with you that more could be done and that they should be pushing even faster, but would also point out this is just one specific action being described in the article among many more. It wasn’t trying to describe all actions that have been taken to help with ev roll out. It was focused on some plants that were in danger of closing, and requires they be changed to electric car or plug in hybrid factories in the process, saving some unionized jobs in the process.
https://www.cnbc.com/2024/06/21/china-spent-230-billion-to-build-its-electric-car-industry-csis-says.html
China has spent far more. So yes it’s a combination of trying to subsidize US production more in combination with tarrifs to make sure a domestic electric car industry can get off the ground too. Many countries in Europe are also making similar moves.
I don’t know if it’s really about “good guys” or “bad guys,” it’s about many countries, China included, wanting their own domestic production lines for cars.
If anything I would think government subsidies would be a preferable solution for people who had issues with the tarrifs. I would take this to be good news.
Seems too little too late. It was the U.S. car manufacturers that gutted the U.S. auto industry anyway… now they get a handout? Meanwhile the fossil fuel industry is subsidized to the tune of $20 bn a year, which decimated market competition for EVs.
I’m not gonna disagree with you that more could be done and that they should be pushing even faster, but would also point out this is just one specific action being described in the article among many more. It wasn’t trying to describe all actions that have been taken to help with ev roll out. It was focused on some plants that were in danger of closing, and requires they be changed to electric car or plug in hybrid factories in the process, saving some unionized jobs in the process.
I admire how you can focus on the positive. I wish I had some of that, lol.