this post was submitted on 08 May 2024
172 points (92.6% liked)
Technology
59605 readers
3364 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I am pretty sure there are subsidies/grants/loans for auto companies under other governments too.
https://www.reuters.com/business/autos-transportation/us-offers-12-billion-automakers-suppliers-make-advanced-vehicles-2023-08-31/
Certainly but this can also be viewed as helping ease the transition for automakers since they've also implemented stricter efficiency rules upon them at the same time.
If we assume China is subsidizing $15k per car to allow them to sell for $10k, that $12B in US subsidies equates to about a single quarter worth of sales for just BYD alone, or 800k cars. There is no way we can match those subsidies for the rest of the players in the American market as around 13.5 million new cars are sold in the US each year.