Really we should be subsidizing EVs from our own manufacturers.
You are. Still not doing much to corporate greed.
Foreign countries flooding the market with subsidized cars will end up killing local production. Then they can control the market.
Really we should be subsidizing EVs from our own manufacturers.
NoneOfUrBusiness@kbin.social 7 months ago
goferking0@lemmy.sdf.org 7 months ago
We barely are/car makers just jack up their prices so they make more off the subsidy
NoneOfUrBusiness@kbin.social 7 months ago
car makers just jack up their prices so they make more off the subsidy
Exactly.
BastingChemina@slrpnk.net 7 months ago
The argument of China subsidizing EV is always coming back but I would be curious to know the comparison with the US.
The US are subsidizing EV too I would not be surprised if the amount of subsidy per EV produced is much higher for US manufacturers than China.
ShepherdPie@midwest.social 7 months ago
Where in the world can you buy a $12k EV that doesn’t come from China?
We have subsidized them here with the $7500 credit and loans/grants to retool factories but it’s a drop in the bucket compared to what China is doing.
Ford just released their financials for last quarter and it showed them losing $130k for every EV they sold: caranddriver.com/…/ford-ev-revenue-losses-q1-2024… so clearly they aren’t subsidized so much that they can sell them for pennies on the dollar like BYD.
BastingChemina@slrpnk.net 7 months ago
Is it really a drop in the bucket b when we take the value per vehicle ?
If we compare Ford to BYD for example.
In 2023 Ford sold around 2 millions cars and BYD around 3 millions.
For Ford only 72 608 cars out of these 2 millions were EV (3.6%) For BYD it’s was almost 1.6 million EV (53.3%)
In 2023 Ford got $9.2 billions from the US government to produce EV, so around $126 000 per EV sold in 2023.
$126 000*1 600 000 = $2 trillions ! So unless BYD received more than $2 trillions dollars from the Chinese government in 2023 it means that each EV sold by Ford is more subsidized than an EV sold by BYD.
This is not an analysis, I took huge shortcuts in this comment and might have done mistakes in the calculations.
technocrit@lemmy.dbzer0.com 7 months ago
Foreign countries flooding the market with subsidized cars will end up killing local production.
That’s good actually. Car dependency is a dead end for humanity.
ShepherdPie@midwest.social 7 months ago
How does this change anything about car dependency?
Neato@ttrpg.network 7 months ago
Completely different discussion. We aren’t moving away from them so not being able to produce them only hurts the us.
regul@lemm.ee 7 months ago
Kneecapping decarbonization efforts in the name of “jobs” and “the economy” is just straight up Republican policy. I do not care how many jobs are preserved on my rapidly warming planet.
SnotFlickerman@lemmy.blahaj.zone 7 months ago
But the status quo is more important than *checks notes… climate change! Won’t someone think of the economy! /s
Semi-Hemi-Demigod@kbin.social 7 months ago
I think it has more to do with maintaining a manufacturing base for defense than it is about jobs or the economy.
SnotFlickerman@lemmy.blahaj.zone 7 months ago
Because bombing the future into rubble is preferable to burning it into rubble or something I guess.
ShepherdPie@midwest.social 7 months ago
How does everyone buying a brand new car result in decarbonization versus keeping the ones we’ve already expended carbon building and upgrading them when they break? There are 283 million cars on the road in the US and replacing them all is going to generate a metric fuckton of carbon.
regul@lemm.ee 7 months ago
If you’ll notice he also increased tariffs on solar panels at the same time.
ShepherdPie@midwest.social 7 months ago
Yeah China has been doing the same with solar panels. Funny you bring it up since my wife used to work at a facility that made the ingots and sliced them up. They shut down several years ago since it was impossible to compete with Chinese prices. Hurray for cheap prices right?