Hopefully Canada will allow BYD to open up a factory here. Would be a great replacement for the ones leaving.
If a product can only exist with huge government subsidies, it’s probably not ready for the market. These cuts are because of the government cutting federal tax rebates for purchasing an EV.
I love EVs, and my next car will likely be one, but if you can’t make an EV at a price point that people will buy them at without the government essentially using taxpayer money to discount them, then you shouldn’t be making EVs.
Maybe you’re right! I wonder why all the oil industries get such huge subsidies 🤔
Because corruption, mostly.
Oil however is a bit different as the world would literally collapse without it. We have no replacement for it. We need it.
Yes and no. Sometimes government aid is a good thing. Public transit is a good example of something that should actually be free because of the returns it gives in taxes. The issue is that corrupt governments are subsidizing profits and trying to help the companies when they should be simply aiming for the betterment of society. I don’t care if GM goes down, they’re awful, but I do care if hospitals and clinics can’t stay open because they’re providing their services for free.
Subsidies to get people onto renewables as soon as possible are good things but not if companies just raise the price by the amount of the aid.
Public service spending isn’t a subsidy.
Nothing about EVs are “renewable”. The government subsidies for “renewables” are one of the biggest examples of corruption we’ve ever seen.
There is always going to be a need for some people to have personal vehicles and electricity is a damn sight better than gasoline. Used correctly, a subsidy is an incentive and a support for something which may not be able to be very profitable on its own but which is still worth having around and investing in.
The problem is that they are so often misused especially by two North American countries and things go south.
Public service spending isn’t a subsidy but I also didn’t directly call it that and I think you missed the message I was sending. The point is that sometimes you want something that cannot be directly profitable but which is of a certain benefit to society.
There is always going to be a need for some people to have personal vehicles and electricity is a damn sight better than gasoline.
When that electricity is generated from solar panels and wind turbines that require endless mining of non-renewable sources, and create endless landfill, no, it’s not a damn sight better than gasoline. It’s causing significantly more environmental damage than gasoline is.
The point is that sometimes you want something that cannot be directly profitable but which is of a certain benefit to society.
You want that to be publicly owned, not lining the pockets of private enterprise. If a private company needs subsidies to exist, it should be left to fail. If it needs subsidies, it should be publicly owned.
It’s actually still much better even to use an ICE generator to charge an electric car than to attach that engine directly to a car and that’s the least efficient way to use non-renewable resources to charge an electric vehicle. Generators are smaller and built to run at a peak efficiency vs cars where they’re almost never there and often keep running even when stopped.
That aside, subsidies are not inherently bad but they are very easily misused. Yes, if a corporation claims it needs to be bailed out then in many ways it should be taken over as it proved that it couldn’t handle the task but that is a different scenario, albeit similar.
Well the government subsidizes the oil and gas industries too, so what is good for the goose is good for the Evs
They don’t subsidise the purchase price of petrol cars.
Should the oil industry be subsidised? Absolutely not, they would still be extremely profitable without the subsidies. It’s pure corruption by politicians who want to help their mates, help keep the donations flowing, and want to position themselves for cushy exec jobs and board seats when they leave politics.
The EV market is different though, as this situation shows. The oil industry doesn’t need subsidies. The EV market, as well as the “renewables” market, do.
In a way they do, the price of gasoline is artificially low in North America compared to Europe. And if you search gasoline subsidies you will see how many billions countries pay to prop up fossil fuel.
The cost of car ownership for a petrol cat depends on government.
For us our petrol is manipulated in another way also: We we paying around $1.80 a liter a while back, but an election happened so they removed some of the taxes on petrol as a party incentive, so now we are paying $1.50
While not a direct subsidy, that ooerating cost did have an impact on car purchase choices.
They should cut the idiots stuffing all the tech into the dashboard and controls. I finally admit that not everything needs to try and think for me. Give me my dumb truck back.
Right I feel like an ultra simple car / truck with no fancy features but an electric motor would actually being something to market that would sell. Eap when it should be $30k or less.
that’s what the slate truck is supposed to be. i guess we’ll see soon enuf
Even with protection from China, US EVs are still collapsing.
The US car companies want to make $70,000 EVs profitable instead of $30,000 EVs. They gave up on the working class.
they are tyring to cater to the top 10% earners, that are allegedly the top 50% consumers. aka, behaving like VEGAS actually, they are trying to chase the whales by upcharging as much possible. they dont realize rich people/upper middle class are one of the stingiest people as well.
Yeah, those people do not see Chevrolet and Dodge as an alternative to BMW and Mercedes. GM, Chrysler and Ford have made junk for decades and now they’re trying to be upscale. Nobody wants their trash.
with all the layoffs, tariffs, people dont have money to buy overpriced EVS.
