Chinese EV makers won’t get subsidies from Mexico after US pressure
Chinese EV makers won’t get subsidies from Mexico after US pressure
Mexico has offered generous incentives for automakers in the past.
I fucking love freedom and the free market 🦅🥲
To be fair, this is denying government subsidies, which is more of a free market than giving subsidies. This is especially true for Chinese companies, since they are by definition state-owned.
At this point, with such low price points producing comparable quality, Chinese EVs don't need international subsidies to be able to expand their manufacturing.
It's still cheaper to buy imported Chinese EVs even with tariffs than to buy domestic EVs in most, if not all, countries.
Fuck the united states.
and the subsidies.
Chinese EV makers, or Chinese-made EVs?
One is perfectly fine, reasonable, and logical, while the other is stabbing yourself in the foot because your friend asked you to.
China does not do altruism. Their car manufacturers are owned and subsidized by the government. They're made to saturate and destroy markets with cheap goods, driving out the competition. Once there is no competition, they have the market to themselves and can manipulate as they see fit.
Subsidized by the government like...
Tesla?
https://newrepublic.com/article/175397/teslas-cheaper-now-thanks-subsidies-musk-hated
https://qz.com/elon-musks-spacex-and-tesla-get-far-more-government-mon-1850332884
https://www.latimes.com/business/la-fi-hy-musk-subsidies-20150531-story.html
https://www.govtech.com/policy/gov-newsom-says-california-subsidies-powered-teslas-success
Oh, sorry, you must have meant a traditional car manufacturer like Ford.
https://www.cbtnews.com/ford-scores-massive-9-2-billion-loan-for-electric-vehicle-batteries/
https://www.autonews.com/manufacturing/ford-factory-subsidies-are-much-higher-other-deals
Oh, you meant other traditional car manufacturers like GM who took government loans to bail them out from bankruptcy.
https://www.wsj.com/articles/subsidies-supercharge-gms-ev-strategy-11668776501
https://www.mackinac.org/blog/2022/general-motors-should-not-get-soar-subsidies
https://www.politico.com/story/2018/12/19/bush-bails-out-us-automakers-dec-19-2008-1066932
https://www.marketplace.org/2018/11/13/what-did-america-buy-auto-bailout-and-was-it-worth-it/
Or maybe you meant non-American car manufacturers like Volkswagen?
https://www.cleanenergywire.org/news/germany-has-subsidised-total-two-million-electric-cars
https://industryeurope.com/sectors/transportation/germany-to-double-ev-subsidies-as-vw-launches-car/
They're made to saturate and destroy markets with cheap goods, driving out the competition. Once there is no competition, they have the market to themselves and can manipulate as they see fit.