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China’s booming EV companies eye U.S. competitors they see as ‘not ready’ (www.nbcnews.com)

submitted 6 months ago by [email protected] to c/[email protected]

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[–] [email protected] 4 points 6 months ago

Yeah, this is the Chinese government's go-to plan at this point: fund copycat industries, subsidize the crap out of them, and use those subsidies until there's a global monopoly share and a field of dead competitors that couldn't match the subsidies.

Cell phones, major appliance manufacturing, solar panels... If we didn't learn the lesson before EVs, that's on us.

That said, not a lot of sympathy for the US auto companies' complacency. They've known EVs were the future for years, and there's no reason we shouldn't have options at every price point.