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Biden rumored to announce quadrupling of tariffs on Chinese EVs, up to 100% (electrek.co)

submitted 4 months ago by schizoidman@lemmy.ml to c/automotive@discuss.tchncs.de

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[–] Zrybew@lemmy.world 0 points 4 months ago (1 children)

Just Tesla gets $1.8b in subsidies per year from US government alone.

https://newrepublic.com/article/175397/teslas-cheaper-now-thanks-subsidies-musk-hated

[–] Tinidril@midwest.social 0 points 4 months ago (1 children)

China has spent $57 billion over 7 years on EV subsidies. The US subsidies are buyer incentives which, until recently, were available for foreign vehicles as well. A Tesla sold in China does not get subsidized. Chinese subsidies have included large direct subsidies on the manufacturing.

I personally see direct subsidies to corporations as a last resort since corporations seem to use them for nothing but stock buy-backs.

[–] arymandias@feddit.de 0 points 4 months ago

Sounds like China wanted it more.

China has surpassed the West in EV adoption and electrification overall, and we are here eating Play-Doh in our Cybertrucks.