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Biden really, really doesn’t want China to flood the US with cheap EVs
(www.theverge.com)
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this post was submitted on 10 May 2024
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Then China shouldn’t subsidize its manufacturers’ exports while increasing the burden for foreign companies to compete internally. If anyone thinks China cornering the global EV market is a good long term plan, they are naive.
But I really wanted to die driving the suda sa01 ev which boasts features such as; zero crash ratings standards, and no air bags.
Stop whining and enjoy dying from obesity related complications and Healthcare bankruptcy like the rest of us.
The US subsidizes american car companies too. Pot calling the kettle and all.
We subsidize exports? Show me.
LMGTFY In August, before the United Auto Workers strike, the Biden administration announced $15.5 billion in funding and loans to help car manufacturers redesign their factories for electric vehicle production.
Where does that say anything about exports? The article is talking about US factories and this coincides with the federal government implementing stricter fuel standards on these same manufacturers. This money is to help them ease into developing brand new platforms after implementing stricter standards.
Furthermore, that $15B is a drop in the bucket for what China is subsidizing. That equates to about a single quarters worth of subsidies for a company like BYD in order to sell their cars for $10k-$15k out the door.
BYD doesn't sell their cars abroad for $10-$15k.
I don't see how they're going to pass the safety regulations here and in the EU. A ton of their ICE vehicles never made it here because they're dangerously designed and built.
The Volvo EX30 is based on a Geely platform, made in China, and does well in the EU (won several Car of the Year awards).
MG (SAIC/Roewe) also has no trouble selling in the EU.
Chinese manufacturers can make regulatory-conforming cars when the market demands it of them. If the market wants cheap and doesn't demand safety, they can do that too.
That's not %100, the EX30 is still engineered and developed in Switzerland and pretty much everything MG wise, was and still, is developed in the UK..yes both are owned by Chinese companies, but it doesn't mean the products are solely Chinese. You are correct they can build cars that are designed to conform to western markets with much stricter regulations, but I don't think they're going to do so without significant input from branches in these countries.
Then the cheap EV's doesn't matter if they are not legal.
And the Volvo was not based on Geely. It was the other way around. They bought Volvo for this purpose exactly.
But I hope they will make better EV's for the world. EV's are generally just better cars, and it's a clear road to less noise and toxic pollution.
They're already selling in Europe. To good reviews.
So you admit the cars are better and cheaper?
China charges nearly double for its EVs outside of the Chinese market. They tend to do what most companies do, charge the highest price that people will still pay. China domestically is the most competitive market in the world, so they have $10,000 high quality EVs, but they don’t have to do that elsewhere and so they don’t.