Earlier quoted context omitted.
> Yeah thee was never any competing with china, our industry just relies on our market using different values to purchase a car. This is patently false. The US could have competed with China if it had maintained investments spinning up battery manufacturing and downstream systems to build EVs at scale, while subsidizing EVs (fossil fuels are subsidized to the tune of hundreds of billions of dollars per year [1]) and…
I've always gotten the impression that China is becoming a technological manufacturing powerhouse because of massive investment by the Chinese government, whereas America is falling behind because the government giving grants to corporations is incredibly unpopular because of the belief that the investment is just going to get pocketed by the CEO and board of directors and spent on stock buybacks rather than the deve…
The new bottom has been moving to Vietnam, etc.