this post was submitted on 11 May 2024
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Automotive Industry

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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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[โ€“] 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.

[โ€“] 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.