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

• pearable@lemmy.ml ⁨6⁩ ⁨months⁩ ago

  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.

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  • ShepherdPie@midwest.social ⁨6⁩ ⁨months⁩ ago

    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.

    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.

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    • hark@lemmy.world ⁨6⁩ ⁨months⁩ ago

      BYD doesn’t sell their cars abroad for $10-$15k.

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