Comment on Biden really, really doesn’t want China to flood the US with cheap EVs
Amoxtli@thelemmy.club 6 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.
skhayfa@lemmy.world 6 months ago
It’s not US labor that is the most costly, it’s US executives and c-suites