People CONSTANTLY harp on Chinese government support of the EV industry.
Name one ICE manufacturer not taking state and federal money. Detroit took $80B in handouts after 2008. That’s far more than the Chinese government has spent, and the largest investor in Chinese industry, by far, has been Apple Computers.
So China ended up with a new industry taking the world stage. What did we get from Detroit? Bloated low tech shit boxes that barely make it past warranty.
Australia just gave up and told GM and Ford to go it alone. The fact that they shut it all down in 2017 says there was no business plan without government subsidies.
People CONSTANTLY harp on Chinese government support of the EV industry.
Name one ICE manufacturer not taking state and federal money. Detroit took $80B in handouts after 2008. That’s far more than the Chinese government has spent, and the largest investor in Chinese industry, by far, has been Apple Computers.
So China ended up with a new industry taking the world stage. What did we get from Detroit? Bloated low tech shit boxes that barely make it past warranty.
Don’t forget the bailouts:
https://en.wikipedia.org/wiki/Detroit_bankruptcy
The UK was constantly bribing car makers to stay, and most of them still fucked off.
Australia just gave up and told GM and Ford to go it alone. The fact that they shut it all down in 2017 says there was no business plan without government subsidies.
Well there is a plan, it’s just “make them in countries where you can still have slaves”.