Co-signed by a Republican and a Democrat from Michigan, the proposed legislation would expand existing federal restrictions on connected cars from China.
The U.S. government subsidizes the auto industry vastly more than china. It’s not some secret that you subsidize industries you want to thrive. The U.S. is just unable to compete, even without the subsidies (the tariffs at 100% still don’t bring Chinese car costs up enough to make American vehicles compete). And no, China isn’t paying half the cost. It’s like 10%. I am not going to bother looking up the source I’ve used in the past to argue with someone whose economic education involves the word “cheep”.
Not all subsidies are the same. US car subsidies are only about making the companies as happy and profitable as possible.
China doesn’t care about profits. Their subsides are explicitly about making the vehicles super cheep to undercut everyone else. Two entirely different motivations and results.
To gain global leverage on other nations. They’re looking to replace the US as THE next dominant nation in the world. They want power.
You seem to want me to say money. No. Money is nothing but a number in a spreadsheet to a nation with its own fiat currency. They don’t care about money. China isn’t a capitalist nation in the way we know it. They recognize that money is inherently meaningless. Resources are what matter. Control of resources is Real power.
Dude…. That’s literally what the U.S. is doing with their subsidies. Why the fuck do you think we sell fords in China, where they don’t care about trucks at all. That extension of power is literally exactly what the U.S. has done for a century, hence all the issues we’re seeing right now.
Then why do fancy Fords cost $80k and not $40k or less?
If the government is guaranteeing them money per-vehicle built, why aren’t there massive lots flooded with a millions of unsold Fords? That’s what’s happening in China.
China isn’t paying half the cost. It’s like 10%. I am not going to bother looking up the source I’ve used in the past to argue
Can I beggar you to post the source? A lot of my opinion on the matter assumes they’ve been subsidizing it a lot more than 10 ish percent and some proof that isn’t the case would go a long way to swaying me.
$231B in Chinese subsidy, but that includes mining, battery production and incentives to replace ICE in China, along with proper charging infrastructure.
Yeah, I keep meaning to dig out a video I saw on youtube that breaks down how China manages to keep it’s labor costs so low. I feel like it needs to be a significant part of the discussion on this, but its also difficult to quantify the costs of restricting movement within your own borders.
This is the only article I could find on the topic that actually compares figures for both countries (almost all the articles I saw just mention a number for china and talk about their market share).
The U.S. government subsidizes the auto industry vastly more than china. It’s not some secret that you subsidize industries you want to thrive. The U.S. is just unable to compete, even without the subsidies (the tariffs at 100% still don’t bring Chinese car costs up enough to make American vehicles compete). And no, China isn’t paying half the cost. It’s like 10%. I am not going to bother looking up the source I’ve used in the past to argue with someone whose economic education involves the word “cheep”.
Not all subsidies are the same. US car subsidies are only about making the companies as happy and profitable as possible.
China doesn’t care about profits. Their subsides are explicitly about making the vehicles super cheep to undercut everyone else. Two entirely different motivations and results.
To undercut everyone else…… to accomplish what? Come on, you’re almost there.
To gain global leverage on other nations. They’re looking to replace the US as THE next dominant nation in the world. They want power.
You seem to want me to say money. No. Money is nothing but a number in a spreadsheet to a nation with its own fiat currency. They don’t care about money. China isn’t a capitalist nation in the way we know it. They recognize that money is inherently meaningless. Resources are what matter. Control of resources is Real power.
Dude…. That’s literally what the U.S. is doing with their subsidies. Why the fuck do you think we sell fords in China, where they don’t care about trucks at all. That extension of power is literally exactly what the U.S. has done for a century, hence all the issues we’re seeing right now.
Everyone get upset when China acts like the US, but without the military invasions.
Then why do fancy Fords cost $80k and not $40k or less?
If the government is guaranteeing them money per-vehicle built, why aren’t there massive lots flooded with a millions of unsold Fords? That’s what’s happening in China.
The US was replaced a decade ago.
Can I beggar you to post the source? A lot of my opinion on the matter assumes they’ve been subsidizing it a lot more than 10 ish percent and some proof that isn’t the case would go a long way to swaying me.
$231B in Chinese subsidy, but that includes mining, battery production and incentives to replace ICE in China, along with proper charging infrastructure.
https://www.bloomberg.com/news/articles/2024-06-21/china-s-ev-makers-got-231-billion-in-aid-over-last-15-years
Yeah, I keep meaning to dig out a video I saw on youtube that breaks down how China manages to keep it’s labor costs so low. I feel like it needs to be a significant part of the discussion on this, but its also difficult to quantify the costs of restricting movement within your own borders.
This is the only article I could find on the topic that actually compares figures for both countries (almost all the articles I saw just mention a number for china and talk about their market share).
$85 billion to Detroit since 2008.
Does that include bailouts from the 2008 recession? I feel like those bailouts would be a significant chunk of what the US Gov has subsidized them.