Comment on History says tariffs rarely work, but U.S. President Biden’s 100% tariffs on Chinese EVs could defy the trend, researcher says

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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.

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