Submitted 5 months ago by cm0002@infosec.pub to technology@lemmy.zip
https://techcrunch.com/2025/10/29/gm-cuts-thousands-of-ev-and-battery-factory-workers/
If a product can only exist with huge government subsidies, it’s probably not ready for the market. These cuts are because of the government cutting federal tax rebates for purchasing an EV.
I love EVs, and my next car will likely be one, but if you can’t make an EV at a price point that people will buy them at without the government essentially using taxpayer money to discount them, then you shouldn’t be making EVs.
Maybe you’re right! I wonder why all the oil industries get such huge subsidies 🤔
Because corruption, mostly.
Oil however is a bit different as the world would literally collapse without it. We have no replacement for it. We need it.
Yes and no. Sometimes government aid is a good thing. Public transit is a good example of something that should actually be free because of the returns it gives in taxes. The issue is that corrupt governments are subsidizing profits and trying to help the companies when they should be simply aiming for the betterment of society. I don’t care if GM goes down, they’re awful, but I do care if hospitals and clinics can’t stay open because they’re providing their services for free.
Subsidies to get people onto renewables as soon as possible are good things but not if companies just raise the price by the amount of the aid.
Public service spending isn’t a subsidy.
Nothing about EVs are “renewable”. The government subsidies for “renewables” are one of the biggest examples of corruption we’ve ever seen.
Well the government subsidizes the oil and gas industries too, so what is good for the goose is good for the Evs
They don’t subsidise the purchase price of petrol cars.
Should the oil industry be subsidised? Absolutely not, they would still be extremely profitable without the subsidies. It’s pure corruption by politicians who want to help their mates, help keep the donations flowing, and want to position themselves for cushy exec jobs and board seats when they leave politics.
The EV market is different though, as this situation shows. The oil industry doesn’t need subsidies. The EV market, as well as the “renewables” market, do.
They should cut the idiots stuffing all the tech into the dashboard and controls. I finally admit that not everything needs to try and think for me. Give me my dumb truck back.
Right I feel like an ultra simple car / truck with no fancy features but an electric motor would actually being something to market that would sell. Eap when it should be $30k or less.
that’s what the slate truck is supposed to be. i guess we’ll see soon enuf
Even with protection from China, US EVs are still collapsing.
with all the layoffs, tariffs, people dont have money to buy overpriced EVS.
The US car companies want to make $70,000 EVs profitable instead of $30,000 EVs. They gave up on the working class.
they are tyring to cater to the top 10% earners, that are allegedly the top 50% consumers. aka, behaving like VEGAS actually, they are trying to chase the whales by upcharging as much possible
TwinTitans@lemmy.world 5 months ago
Hopefully Canada will allow BYD to open up a factory here. Would be a great replacement for the ones leaving.