The owner of the Dodge, Jeep, and Chrysler brands aims to take on Chinese EVs while avoiding a “race to the bottom.”
Stellantis CEO says Chinese EVs are ‘possibly the biggest risk’ facing his carmaker and Tesla::The owner of the Dodge, Jeep, and Chrysler brands aims to take on Chinese EVs while avoiding a “race to the bottom.”
The argument is that it is NOT a free market, because the Chinese cars are government subsidized. A Government subsidized company is not part of a free market.
Well frankly Western governments should also be subsidizing electric car production. If they actually want to move towards net zero, like they claim, it would be reasonable to expect them to actually do something to encourage greener technologies. Currently all they've done is said that they like it very much, and oh look let's build one or two wind farms.
That said, it’s entirely reasonable for a country to levy tariffs on another country’s goods to support their own industries. Other countries do that to America.
The risk is that he would actually have to compete instead of resting on the beach. It's good that these people are sweating when some fire is placed under their butts in the form of competition.
Read the article. It’s not crying. It’s acknowledgment of a new legitimate competitor like Japan and South Korea became. It’s a call to arms for US manufacturers to get better. This is pro consumer.