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 5 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 5 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.