Biden Administration Is Said to Slow Early Stage of Shift to Electric Cars::The change to planned rules was an election-year concession to labor unions and auto executives, according to people familiar with the plan.
Biden Administration Is Said to Slow Early Stage of Shift to Electric Cars::The change to planned rules was an election-year concession to labor unions and auto executives, according to people familiar with the plan.
They just announced that’s the plan actually
https://www.reuters.com/business/autos-transportation/chinas-byd-plans-new-electric-vehicle-plant-mexico-says-nikkei-2024-02-13/
it sounds like maybe they should, idk? work on making their own garbage cheaper then? that soley sounds like a competition problem not a consumer problem. As long as the cars meet US safety standards for manufactoror I embrace the competition
Billionaires love laissez-faire capitalism until it comes to bite them in the ass
The geopolitical calculus here is about manufacturing.
If China owns EV production lines, that gives them the drone advantage in the next war, as the Li-ion battery is the hard thing to make in a drone.
If USA has EV lines, even if it’s more expensive, we have the resources to make drones as well. (Or Li-ion batteries in other useful weapons).
Ceeding the military advantage to the Chinese for some cheap consumer goods is a bad tradeoff, especially as China is building a Navy to fight us in Taiwan.
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Japan did it. Korea did it. China is doing it.