Italian company blames Turkish company blames Chinese company. Typical.
No country in that entire supply chain is known for being reliable lmfao this was plain cost-savings and corruption all the way down.
"The NIH is wrong, researchers are wrong, everyone is wrong except the ever reliable US State Department."
People are still convinced that the IDF only lost 219 people in total? Give me a break.
Given that we've supplied the Saudi's in their decade-long attempt to eradicate the Yemeni people, this is disgusting.
It would be disgusting anyway, but this is worse.
Who the fuck uses mph
It's only genocidal when they say it
The US was literally a state sponsor of Japan's invasion of China, over the course of which more Chinese people were murdered than during the Great Leap Forward. The US was the single primary supplier of oil, steel, iron, copper, and essentially everything that Japan needed to wage war in China from 1937 until 1941 (when the bulk of Chinese casualties occurred due Japanese atrocities such as the Nanjing Massacre). Without the US, Japan would not have stood a chance.
Israel gets to experience a tiny bit of what Gaza experiences every day.
Why, exactly, do you think the US would require a stockpile of 203mm shells? The M110 was retired from service decades ago.
Is it time to disprove CSIS claims again?
Here's what CSIS claims for the 2009-2023 period:
$65.7B buyer rebates
$117.6B tax exemptions
$4.5B infrastructure subsidies
$25B research and development
$18B government procurement
Up until 2022, the government of China claims 200 billion RMB of subsidies, with the tax exemption making up 115 billion RMB.
Let's backtrack these numbers:
200 billion RMB in total subsidies. 14.1 million in total PEV stock as of 2022, giving ~14.2k RMB/car in subsidies. The top selling EV in China in 2022, the BYD Song, sells for about 180k RMB.
CSIS claims that subsidies are on the order of $230 billion, or 1.67 trillion RMB, but includes 2023 sales (total PEV stock of ~22 million). That's a subsidy of ~76k RMB/car.
We know that the maximum buyer rebates were cut from 18k RMB in 2020 to 14.4k RMB in 2021 and 12.6k RMB in 2022 (but only for very high range EVs). Let's assume for a second that China claims 200 billion RMB solely from buyer rebates, and that of the remaining 1.47 trillion RMB, 853 billion RMB came from the purchase tax... At a 10% tax rate, that suggests an average car value of ~390k RMB or ~54k USD. That exceeds the average car value of US car sales (~47k USD).
Clearly, CSIS has some wonky numbers, but where do they come from?
Well, if you were paying attention, CSIS claims are alarmingly close to China's claims... If you convert to RMB. China claimed that the purchase tax exemption was responsible for a 115 billion RMB subsidy, while CSIS claimed a $117.6 billion subsidy. Due to differences in annual accounting standards, this is entirely possible.
To check, let's work back based on China's claims, assuming that the only subsidies China considers are buyer rebates and purchase tax exemptions (because funding research, funding infrastructure, and government procurement are hardly subsidies in China's accounting). That leaves $85 billion RMB in buyer rebates and $115 billion RMB in tax exemptions. Working back from the known buyer rebates rate (assuming ~14k RMB/car average over all sales), this gives 6 million subsidy-eligible EV sales or an average sale price of 190k RMB.
However, we know that China's total PEV stock by 2022 was 14.1 million, so what gives? Well, turns out hybrids are still considered PEVs in that accounting (despite receiving far lower subsidies), and the number of BEVs has only really ramped up recently. Moreover, for a variety of reasons not all EVs are eligible for subsidies.
In my next comment I'll dive into where I think CSIS went wrong.