Comment on Biden really, really doesn’t want China to flood the US with cheap EVs

Amoxtli@thelemmy.club ⁨4⁩ ⁨months⁩ ago

The US doesn’t control the supply chains. Biden subsidizes EVs as well. US labor is too expensive and the resale value of EVs are very poor. If there is a country that can make EVs cheap enough, it is China. The EU and US stand no chance. Even with safety standards and 27% tariffs, Chinese cars are still cheaper, and the quality is good. US currency is artificially too high, which is a product of reserve currency status. US traded in their manufacturing for financialization.

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