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.”
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.”
They are, EU governments give incentives and tax reductions to all EVs. That way all benefit equally, disregarding where the car was made, but EU is NOT subsidizing manufacturers illegally.
USA also has anti competitive regulation like China, but in USA you only get the benefits for cars made in USA, on top of that EV cars from China have a steep tax added.
Of the 3 biggest markets in the world, only EU is playing fair. But all have EV incentives.
There is no “fair” under capitalism. What I read from this is that the EU has failed its citizens on promoting and helping regional brands to compete on the global market.
When the global market speaks, you can either adapt or do nothing and complain. It’s clear which one is the path the EU is choosing.
Even in Europe Chinese cars are more popular because they’re affordable.
Obviously, since they have the benefit of EU incentives that benefit all, and Chinese subsidies that only benefit manufacturing in China.
So I don’t know what you mean by “Even in Europe”?
That doesn’t mean EU should subsidize illegally and against general EU policy. Instead they are investigating if China production needs to have an import tax. Which is the correct way to handle this.
Once China stops committing genocide and constantly threatening to take over other countries by force I’ll start caring about giving them equal tax breaks.
Absolutely, I agree XI is as dangerous as Putin IMO, and we shouldn’t grant China any favors.