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How Chinese EVs Are Taking Over Mexico
Step 1: make a competitive car.
Step 2: sell it for less than the other guys.
America is losing at capitalism for the first time in modern history and our government's collective shit-flinging would be hilarious if not for the fact that the only ones suffering are the consumers
You missed the step where the government subsidizes the manufacturing of EVs so that they can be sold for less than they cost to build at market rates for material and labor. Or was that implied in your step 2?
I dont know I'd still argue America is still very much winning at capitalism, because they're cheating, and always have. The low level consumer is irrelevant.
China has a super cheap EV that's better quality and price than anything else sold in the US? Institute massive tarrifs or just completely block them from being sold here.
The capitalists are staying rich and still getting richer. They're winning. Consumer isn't even given the option to buy the cheap China EV, or has to jump through hurdles and hoops to get the option, which very few will do.
If the complexity barrier to buy one of these low cost EVs in North America were eliminated, the auto industry would go through an upheaval. The Changli Freeman is a decently built EV that costs $1,200 in China. Less than $4,000 all in and you can import one, but the hoops you jump through are a bit much.
Here's a good article by Jason Torchinsky on the EV market in China, and unrelated but here's a good way to get by a paywalled article.