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Fear of cheap Chinese EVs spurs automaker dash for affordable cars
(www.reuters.com)
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this post was submitted on 10 Dec 2023
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China is using subsidies to accelerate the green transition, exactly like the US is doing with the "Inflation Reduction Act" and other initiatives.
And just like China with cars, the IRA spurred other European countries to pass similar legislation to remain competitive.
https://www.youtube.com/watch?v=TDfLWFv3ixk
https://www.youtube.com/watch?v=oEMtTtUZXEk
https://www.bloomberg.com/features/2023-china-ev-graveyards/
https://www.nytimes.com/interactive/2022/09/26/world/asia/china-fishing-south-america.html
https://www.theguardian.com/environment/2020/sep/17/chinese-fishing-armada-plundered-waters-around-galapagos-data-shows
https://www.youtube.com/watch?v=4LFCBTnrMow
https://www.youtube.com/watch?v=1SEfwoqKRU8
https://www.youtube.com/watch?v=bLFYChw5c0Y
Yup. Totally green.
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