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this post was submitted on 01 May 2024
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[Dormant] Electric Vehicles (Moved to [email protected])
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"American companies are scared of the open market when it works against them, yet refuse to make better products"
The issue was that Chinese EVs are ahead of Western EVs due to aggressive subsidy and investment by the Chinese government to get ahead. So the market has been distorted which is what was "scary" according to the quite in the article that spawned the headline.
Having said that, I'm not sure I believe that Chinese EVs will be better quality. They may be cheaper and they may even have technically advanced but from experience of other Chinese products, quality is not a word I'd associate with them.
The US government can do the same, and they do bailouts for companies often too. Isn't that also meddling in the free market? Why didn't the US government incentivize EV then?
Pretty sure that’s a core part of Tesla’s growth model.
One of the ways they have are through CAFE credits - incentives for higher fuel efficiency and electric vehicles, since at least 2012. However the credits are tradeable, so legacy manufacturers instead bought credits from Tesla, and other EV manufacturers