How come this price hike hasn't happened with solar panels, inverters, telecom equipment, batteries etc. It's been a while that such industries in europe have become obsolete
It actually began a few months ago regarding solar panels and batteries [1].
[1] https://www.reuters.com/sustainability/climate-energy/china-...
Chinese imports and local manufacture should be able to compete in the "free market". It's just that that term has been heavily debased by idiots misusing it, like everything else.
Frankly, what are they if not power delivery/generation - which is always defined as such.
Now the government has ordered massive development of electric cars, to push down prices to loss making levels. In a few years, a lot of chinese elctric car manufacturers will close down, just like what happened with solar.
The trick here for the west, is to copy china, and once the internal bubble bursts, launch its own companies in solar and e-cars based on copied chinese technology.
The hunter has truly become the hunted!