BYD could give us this tomorrow, at the cost of completely gutting and decimating domestic American manufacturers, who are unable to actually compete on price and performance for various reasons.
replyThe problem is not inflation, it’s that America sucks at manufacturing low cost electric vehicles. BYD has demonstrated that tenfold
America sucks at manufacturing anything that involves paying a wage because countries like China can undercut them. Even if we could the Chinese govt would fund the undercutting like they are with BYD.
replyWhat, USA never subsidizes her essential industries?
replyAmerican labor is expensive but BYD owes its success to vertical integration more than cheap labor. They are moving into Europe to build there before long. Americans have an uninformed notion that China simply couldn’t have superior technology, they’re just cutting corners, dumping chemicals in the river etc (as if American companies would never)
It might just be that china is better at building cars.
Paying a wage and being socially responsible with waste and such.
replyIt's neoliberalism all the way down, baby. People don't want to know what cheap usually means.
replyThe U.S. could do this too with the same amount of subsidies the CCP poured into their EV industry I suspect
replyIf they were actually trying, then a dozen or so budget-model cars - from the Hyundai Accent to the Toyota Yaris - would not have been discontinued in the U.S. in the past half-dozen years. And replaced, if at all, with much more expensive models.
reply