I’d rather bet on BYD :)
BYD is really selling heaps of cars
https://www.theguardian.com/environment/2024/jan/02/chinas-b...
On the other hand, the Biden administration has done a lot to throw wrenches into Tesla's gears.
[1] https://subsidytracker.goodjobsfirst.org/parent/tesla-inc
If Tesla has received "billions", the only reason other carmakers haven't received the same amount is because their cars aren't as popular.
That's just the way China operates when it's about anything it considers strategic.
We probably won't ever know the whole extent this is happening.
Here's one study that claims BYD has received 3.4B: https://www.bloomberg.com/news/articles/2024-04-10/byd-got-3...
That's just the way the US operates when it's about anything it considers strategic.
from an economics professor who examines the evidence about what is causing the trade war between china and the west.
The main thesis is that car manufacturing (and associated manufacturing such as batteries, electronics etc) is "strategic" enough that the west doesn't want to build a dependence on china for it.
In the event of a war, china can cripple the west by cutting off the exports, and/or potentially install backdoors into the devices and shut them down to disrupt etc.
Not to mention that by allowing china to own the manufacturing, they will have built up the massive industrial capacity for which it is easy to convert to a war time factory. The west's dwindling manufacturing capacity would mean that china will out-produce and win - lessons that is learnt from WW2.
Isn't that a good thing? This makes the all-out war between China and the US much less likely.
As for the Pacific ocean, it's not an American gulf, it's literally half a planet. Nobody can control it, even the US with all their military bases on Pacific islands.
The war that russia is waging against ukraine is clear evidence used to support this point - that being dependent on russian gas/oil was a mistake and europe is paying dearly for it.
You mean like in the Middle East during the Arab spring?
>The west's citizens would not want to make sacrifices
That's how democracy works, right?
>europe is paying dearly for it
Some would say that Europe is paying for American "Fuck the EU"[0] policy.
Like, mandate any radio receiver in a car is air gaped from the cars operation (and easely removable).
These connected cars are really bad from a safety perspective.
And soon they will have brake and steer by wire to cut costs too ...
Tesla was not invited to the administration's August 2021 EV vehicle summit. <https://www.cnn.com/2021/08/05/business/tesla-snub-white-hou...> The government excluded the nation and the world's EV leader from participating.
If the administration could have figured out a way of excluding Tesla from the EV tax credit system, it would have.
Oh, but they actually really tried at first. Like for example by considering Tesla Model Y as a sedan, thus not qualifying for a higher tax credit ceiling.
https://www.theverge.com/2023/2/4/23586035/tesla-model-y-pri...
https://dialogue.earth/en/business/life-after-subsidies-for-...
I’ve done a little bit of reading around and the term subsidy is often used without further clarification. For example, is it direct payments, or business tax breaks, or tax breaks on sales of EVs, or something else?