RE: Tec14 Sep 2023 17:49
Here’s a lol when you put two news items together on EV subsidies….
From Reuters….
“ Power Up
By John Kemp
Welcome to Power Up. The European Commission has announced an investigation into subsidies given to China’s electric vehicle makers, who are winning an increasing share of the European market, prompting China to complain about protectionism and threaten retaliation.
EU policies encourage rapid deployment of electric vehicles to reduce greenhouse emissions, but a growing share of the market is being captured by low-cost cars made by Chinese firms. The Commission says they benefit from unfair subsidies helping them to undercut European rivals.
But European automakers have appeared ambivalent about electric vehicles and focused on limiting production and keeping prices high; the Commission probe could take over a year and buy time for them to catch up.”
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Yep that sums them up, spot a problem and take a year to decide who is going to decide to do anything! Don’t worry in the UK we don’t manufacture EV’s. We just assemble bits we gather from elsewhere!
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Oh then….
‘ China is not the only government helping EV manufacturers. The European Union itself offers an array of benefits for EV producers and consumers, including tax breaks for manufacturers, thousands of euros of subsidies per car for buyers and tax credits for households and businesses that install EV chargers, leaving itself open to the charge of hypocrisy.
But the lengthy probe will help limit the surge in imports from China and buy some time for European electric vehicle manufacturers to catch up and become more competitive.
China has responded by calling the investigation a “naked protectionist act” and hinted at retaliation. “
Politics hey!
You see the crux is the west have always wanted stuff on the cheap and never taken a serious long term view. That’s the difference between China’s political system and our democracy. No I am not for one moment advocating autocracy. I am saying something has gotta change!
We have sht leaders in the west, overwhelmingly interested in self and wealth, electioneering and not taking a long term view.
It’s why we have so many tax loopholes so Amazon etc, don’t pay full tax as mps benefit from the same loopholes!
Why we don’t have a sovereign wealth fund run independently to generate long term dividend income and capital gain for our citizens! I could go on!
But it boils down to they are all one as bad as the other! Useless!
Trek
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