this post was submitted on 26 Jun 2024
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The open secret is that China's EV subsidies are designed to keep sales within the country, because otherwise Chinese EV companies could make obscenely higher margins selling overseas.
The BYD Seagull ($9700 in China) is being sold as the BYD Dolphin Mini in Mexico... For $21000.
The BYD Seal U (€19400 in China) is being sold in Germany for €41990.
Every single Chinese EV manufacturer wants to go make sales abroad because the price war in China makes profits barely attainable, but government policy and subsidies keep sales within the country.
It’s so fucked dude. This trade war bullshit is keeping me from having an affordable eco friendly whip.
Let. China. Grow.
Well, the trade war is also a factor, but what I'm saying is that Chinese government policy is what's keeping EV manufacturers from selling abroad. The EV supply chain has gotten so robust and cost-efficient in China that the government has to bribe manufacturers to focus their efforts on the domestic market instead of just eating the cake of everyone else.
Those cost efficiencies are also at the expense of the Chinese government. The massive investment is all part of their green revolution policy package.
It's why Solar cells are also incredibly cheap to produce in China, and why they're also mostly sold in China.