Capitalists suddenly stop loving corporate welfare when they aren’t the ones benefitting from it.
Comment on Stellantis CEO says Chinese EVs are ‘possibly the biggest risk’ facing his carmaker and Tesla
Buffalox@lemmy.world 1 year agoThe argument is that it is NOT a free market, because the Chinese cars are subsidized. A Government subsidized company is not free market.
bionicjoey@lemmy.ca 1 year ago
inclementimmigrant@lemmy.world 1 year ago
How many billions did this not founding member of Tesla did he get from government again?
phoneymouse@lemmy.world 1 year ago
Isn’t that what the tax credits are?
echodot@feddit.uk 1 year ago
Well frankly Western governments should also be subsidized in electric car production. If they actually want to move towards net zero, like they claim, it would be reasonable to expect them to actually do something to encourage greener technologies. Currently all they’ve done is said that they like it very much, and oh look let’s build one or two wind farms.
Buffalox@lemmy.world 1 year ago
No, EU governments give incentives and tax reductions to EVs. That way all benefit equally.
USA also has anti competitive regulation like China, but in USA you only get the benefits for cars made in USA or Mexico.
Of the 3 biggest markets in the world, only EU is playing fair. But all have EV incentives.
HauntingScience@programming.dev 1 year ago
There is no “fair” under capitalism. What I read from this is that the EU has failed its citizens on promoting and helping regional brands to compete on the global market.
When the global market speaks, you can either adapt or do nothing and complain. It’s clear which one is the path the EU is choosing.
hagelslager@feddit.nl 1 year ago
Stellantis is mostly European, it’s FIAT and Peugot with their other brands. I’m fairly certain they get enough subsidies and tax breaks. That this Italian/American/French company is registered in the Netherlands shows that some tax-dodging is involved as well. I think it’s a case of the pot calling the kettle black.
(Also, Volkswagen Group is the bigger European car manufacturer.)
echodot@feddit.uk 1 year ago
Even in Europe Chinese cars are more popular because they’re affordable.
hagelslager@feddit.nl 1 year ago
Also, electric cars such as Polestar (Volvo’s EV brand, also Chinese these days) look much better than Tesla’s.
Buffalox@lemmy.world 1 year ago
Obviously, since they have the benefit of EU incentives that benefit all, and Chinese subsidies that only benefit manufacturing in China.
So I don’t know what you mean by “Even in Europe”?