• xylogx@lemmy.world
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    4 days ago

    This is not about Elon Musk or Tesla. The Chinese government has heavily subsidized EVs and related industries. They have to. Their dependence on oil is their greatest strategic weakness.

    The US has backed off EV subsidies and continues to subsidize oil. See US actions in Venezuela.

      • xylogx@lemmy.world
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        2 days ago

        That is a fair point. China in particular is extraordinarily vulnerable due to how easy it is to cut off oil imports. China’s oil imports have to pass through the Strait of Malacca, a narrow corridor that is easily blocked.