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bhrgunatha · 519 days ago · link · · parent · post: Ford Gets $9.2 Billion to Help US Catch Up With China’s EV Dominance
Not sure exactly what dominance means here? China seems to be ahead on battery production but Those subsidies go to companies buying EV cars to boost govt sales figures. Instead of actually using the cars to grow the market in rent/share EV, they're left abandoned and the companies return to their angel investors for more funds without any return - by far the largest being the CCP to reach their goal of EV dominance. Surprise, surprise the sales are dodgy as fuck and manipulated by the government. Between 2009 and 2021, the Chinese government poured more than $130 billion worth of subsidies into the EV market