The US subsidized its EV industry with about $120B over the last 15 years, and that's what they gave out despite congress expecting $300B in their reporting just a few years ago. So, it's not like China threw hundreds of billions at EVs while the US left it all to GM and Ford to solve.
replyI would love to see the reference you have for those numbers. Money approved is not money spent. Especially when those subsidies have been killed.
replyYou might want to glance and see which one of the subsidies your looking at are even still in place and not projections. Most have been canceled for years now.
> The US subsidized its EV industry with about $120B over the last 15 years
replyNot with loans to scrappy startups, but with subsidies to buyers that were just pocketed as margin by oligarchs.