A worthwhile note is also that pretty much all US car manufacturers have dragged their feet doing EVs, excluding Tesla. So naturally US car manufacturers are struggling a lot with the massive costs related to adopting EVs now, and struggle competing with a country that spent this money getting established a good while ago.
The subsidies are still a problem, but the 100% tax is in my view a massive handout to domestic manufacturers that never bothered to try until they were behind. That 100% price increase in Chinese will probably mean high margins on EVs for yet some years before cheap alternatives come along.
A worthwhile note is also that pretty much all US car manufacturers have dragged their feet doing EVs, excluding Tesla. So naturally US car manufacturers are struggling a lot with the massive costs related to adopting EVs now, and struggle competing with a country that spent this money getting established a good while ago.
The subsidies are still a problem, but the 100% tax is in my view a massive handout to domestic manufacturers that never bothered to try until they were behind. That 100% price increase in Chinese will probably mean high margins on EVs for yet some years before cheap alternatives come along.
It’s a fuck you to European partners also.
Fucking someone over isn’t worth fucking everyone over.