You should learn about US fossil fuel subsidies. The US alone pumps almost 800 billion/yr into subsidising the industry. Total subsidies worldwide are around 7 trillion/yr.
China tossing 40 Billion/yr into EV/battery subsidies is basically pocket change.
China spending 1/20 of what the US does to subsidize cars isn’t relevant? Sure thing buddy.
The whole point of all of these “china is only dominating in EV sales due to subsidies” comments is to throw shade on China’s impressive progress in clean tech. A contrast of their subsidies vs other countries in the same space, motor vehicles, is entirely relevant.
I believe main goal of China investing in green tech is to show middle finger to oil and gas producers. China has virtually none of both oil and gas and so is reliant on import. With mostly green cars and electricity from water, sun and wind, they will have much, much better leverage in global say.
I am discussing why China is dominating the EV market in Europe.
They are not, actually very far from it. VW group is. China market share was very tiny, and is now growing. And Tesla has collapsed. So Byd has surpassed Tesla now.
But the big winners are mostly European, and then Hyundai/KIA, and now Toyota has finally made a good BEV, so they will increase their BEV marketshare too of course.
You should learn about US fossil fuel subsidies. The US alone pumps almost 800 billion/yr into subsidising the industry. Total subsidies worldwide are around 7 trillion/yr.
China tossing 40 Billion/yr into EV/battery subsidies is basically pocket change.
I have no interest in a pissing match over which country is the worst in the world, I am discussing why China is dominating the EV market in Europe.
China spending 1/20 of what the US does to subsidize cars isn’t relevant? Sure thing buddy.
The whole point of all of these “china is only dominating in EV sales due to subsidies” comments is to throw shade on China’s impressive progress in clean tech. A contrast of their subsidies vs other countries in the same space, motor vehicles, is entirely relevant.
I believe main goal of China investing in green tech is to show middle finger to oil and gas producers. China has virtually none of both oil and gas and so is reliant on import. With mostly green cars and electricity from water, sun and wind, they will have much, much better leverage in global say.
US fossil fuel subsidies are relevant to China dominating the electric vehicle market in Europe? Sure thing buddy.
They are not, actually very far from it. VW group is. China market share was very tiny, and is now growing. And Tesla has collapsed. So Byd has surpassed Tesla now.
But the big winners are mostly European, and then Hyundai/KIA, and now Toyota has finally made a good BEV, so they will increase their BEV marketshare too of course.
Was gonna say this as well. The Asian brands that have dominated the eu markets still do so. Vw as well, even after their eco blue debacle.