In order to do that the US government would need to heavily subsidize EVs the way the Chinese government does.
I support this… in my view the Chinese government is putting its money out there in order to get more people into an EV. The US should match their efforts.
i’m not sure heavy subsidization would work the same way in the US. We’ve already seen EV manufacturers adjust their prices based on available tax credits, so i feel like they’d just raise prices even more as subsidies increase. in china the govt can ensure this doesn’t happen.
If we were smart, we would let the cheap Chinese EVs flood the US market and drive down prices in the US using competition.
So much for the invisible hand of the market I guess. 🤷🏻♂️
In order to do that the US government would need to heavily subsidize EVs the way the Chinese government does.
I support this… in my view the Chinese government is putting its money out there in order to get more people into an EV. The US should match their efforts.
You mean the way we previously subsidized the regular auto industry and the supporting fossil fuel industries for… 70-90 years?
i’m not sure heavy subsidization would work the same way in the US. We’ve already seen EV manufacturers adjust their prices based on available tax credits, so i feel like they’d just raise prices even more as subsidies increase. in china the govt can ensure this doesn’t happen.