This narrative is just a way for non-competitive companies to demand protectionist measures so they don’t have to invest in better factories and can continue charging more for less value.
Just like almost every industy in the US. Agriculture - heavily subsidized. Fossil fuels - heavily subsidized. Medicine - heavily subsidized (even if the patients don’t see any of it). Defense contractors of every shade - heavily subsidized. Only difference is that the US subsidizes to help the billionnaires. China subsidizes to help the general populace.
They are cheap because of the infrastructure AND because of subsidies.
But to be honest, European automotive companies also once started out with massive subsidies. Companies like Volkswagen were completely government sponsored in the beginning.
Chinese EVs are so cheap because of the massive direct subsidies they get from the Chinese government, not because of some infrastructure.
The subsidies for chinese citizens has been cut for years and phases out entirely in 2027.
There never was a subsidy for exports.
This narrative is just a way for non-competitive companies to demand protectionist measures so they don’t have to invest in better factories and can continue charging more for less value.
Just like almost every industy in the US. Agriculture - heavily subsidized. Fossil fuels - heavily subsidized. Medicine - heavily subsidized (even if the patients don’t see any of it). Defense contractors of every shade - heavily subsidized. Only difference is that the US subsidizes to help the billionnaires. China subsidizes to help the general populace.
They are cheap because of the infrastructure AND because of subsidies. But to be honest, European automotive companies also once started out with massive subsidies. Companies like Volkswagen were completely government sponsored in the beginning.