Comment by cryptoegorophy
20 hours ago
You missed a big elephant in the room 4) China did a significant subsidies for BYD factories. If USA did similar % wise thing to Tesla then we would’ve have $20k teslas driving.
20 hours ago
You missed a big elephant in the room 4) China did a significant subsidies for BYD factories. If USA did similar % wise thing to Tesla then we would’ve have $20k teslas driving.
China subsidized EVs in the same way that America did (tax credits), and less aggressively so. Unless you mean incentives from Shenzhen and getting taxi companies to early adopt? They also added incentives in getting a car at all in cities like Beijing (EVs started out in a different lottery allocation for plates)?
It's more like BYD winning the race in China's auto industry. China has over a hundred automakers, most making low-end cars.[1] Some are state-owned, some are province-owned, some are privately owned. BYD is privately owned and doing well.
[1] https://en.wikipedia.org/wiki/List_of_automobile_manufacture...