We ought to ask ourselves the right questions. Who ends up paying for tariffs. BYD cheapest model good for less that 11 grands but the with tarifs, we consumers will end up buying twice the price. At the end of the day corporations do not pay for these taxes, we do!
They want you to pay your hard earned money for worst technology. Basically, Canadian ppl are forced to support their inferior EV products until one day, maybe one day they might catch up to a Catl or BYD battery. In the meantime, take an LgChem or whatever ... and pay double the price , and don't forget the fire issues !!!!
Canada outsourced every policy to USA long ago. From security policy, foreign policy, consumer products, standards, etc. Since the Blackberry demise, it has had nothing left but flipping real estate. And its banks are in trouble.
It helped that in 80s the Free Trade Agreement was signed and 11,000 Canadian companies were sold in next 5-6yrs, mainly by us corporations. Canada is Puerto Rico of north. It gets American franchises and when the master says 'Jump.', our politicians ask how high.
China not only has a vision in EV, China also has a need back in 2009 (government EV development starts) to curb pollution which were so so bad. The subsidies therefore are not for car export back then, it is a major environmental policy. In fact, China didn't export many cars since couple years ago anyway. Using subsidies as excuse for tariff is not right. Lack of vision and actions in the West are the reasons for their protective policies. Such a shame
We hardly even build EV's here. What would be the point of increasing taxes on Chinese EV's? I guess maybe it fits under the logic of "raise taxes on everything in order to help the Canadian consumer out with inflation" logic that we are seeing from the current government.
Bingo! The relationship between our two nations is always bullying from the American side. This smacks of the Boeing vs Bombardier tariff war all over again... And we all know who eventually won that one... AIRBUS...
As a Canadian, 20 years ago, we were proud to own better living than most of the world such as China. But today in Calgary, when struggling to get water, I start thinking are we still living better than African countries? How many years they will catch up?
A savvy observer noted in 1992 that there were moves afoot to "roll back" the political and economic gains of the US middle class. One doesn't need to be very savvy these days to notice that these efforts are now running in top gear. We have new laws being passed to "roll back" child labor laws, so that auto factories and chicken plants can hire 8th graders for the graveyard shift. For a look at what might be in store for the US, Britain, and likely Canada too, just find the movie musical "Oliver!"
Doesn't Alberta have vast oil wealth? Didn't Canada just spend billions to build a huge pipeline to export that oil? All that oil money should make Calgary a wealthy city.
@@robertsaca3512 Lol. You seem to have lost your clue. Or maybe you never had one. Total EV emissions are about half ICE emissions, even where the grid is 100% coal. Where the grid is less than 100% coal, which is almost everywhere, EV emissions are less than half of ICE emissions. But here's the kicker: Coal is being phased out. Even in China, it will be phased out. And so is gas.
@@JD-yx7be We're (NZ) 85% renewable; hydro (dams) mostly with a bit of geothermal, wind and solar. Like most of the world, we haven't tapped rooftop solar (and big-batteries) but EVs make that prospect more appealing... :) And the likes of AutoBidder / V2G type software really makes solar / wind a viable solution (though Tesla doesn't do V2G yet...)
Sour grapes! Everyone knows that American could have done better than China in subsidizing EV industry. The Obama Administration has given subsidies to Tesla for the purchase of the Fremont plant in California. Obama was strongly criticized by Mitt Romney.
Mittens said a lot of things. Subsidizing an All-American company at the time and American jobs, not such a bad idea, before musk show how problematic is
@@rp9674 It was all nice and good when the subsidies went to the big ol boys club, then Musk crashed the party, disrupting the old guard. NOW subsidies are bad, when it no longer feeds the corruption down the money pit - hi GM/Chrysler! Sure.
Is that where we are now. Telling governments to subsidize more? More wasting of taxpayer dollars? How about putting 100 percent tariffs on any company that gets any subsidies. A company should stand on it's own. Government doesn't need to choose winners and losers with our money
“China gave out 230 billion dollars in EV subsidies”. So, what. Any country can give subsides to boost its EV. Canada, too, can and should give subsidies in order to boost electric vehicles usage and production, instead of giving billions of dollars to Ukraine and to Israel. This will help to combat the emission of greenhouse gases. The offence budget of USA is around 850 billion dollars per year. It can afford to direct half of it to the EV sector, instead of imposing 100% tariff on Chinese EV cars.
@@rp9674 The next gen bolt is likely going to be around $30k but a much better value with faster charging, heat pump, and a LFP battery which has 2-3x the cycle life of NCM
@JD-yx7be I'd like LFP, but the range might be less, tho a fair trade off? No Android auto is bad. Might be slower 0-60, can't make Eqinox EV look bad.
…….that’s like saying instead of getting an incredible sushi dinner at world class Nobu, for the same money you could go to the supermarket, and get 100 sushi in plastic meals. 🤷🏼♂️🤔👎🏻👎🏻👎🏻
Refer to the report by CSIS. Out of the $230 billion, about half, $117.7 billion, is Sales Tax Exemption. This applies to ALL EVs manufactured and sold in China. Meaning Tesla, VW and GM also enjoy the same benefits
And he somehow added BUT the Chinese subsidies are still significant !!! I'd like him to explain how 4500 in China vs 7500 in USA is still significant !!!
@@rp9674 So when VW opens an EV factory in Ontario, is it not not already subsidized right away ? What does bells and whistle mean to you ? And like I said, Canadians enjoy direct EV incentives anywhere between 5k to 13k across Canada. Can we say it's the same in USA with various consumer incentives differing by states and have you heard of how Tesla makes most of its profit from carbon credits ? Tell me, are carbon credits one form of manufacturer's incentives or not ? So, what are ppl in the West compaining abt Chinese incentives when they themselves live in a glass house ?
Wow! I doubt it! $230billion Assume byd sells seagull for $10000. It is equivalent to sell 23000000 (23million) cars, more than 2/3 of China's auto production.
I enjoying watch the videos from this chanel. However, recent remarks on Chinese auto industry or subsidies from Chinese goverment are so false. We need more fair and true reports, not this kind of propaganda!!! These unfair comments will ruin this chanel.
The EU has been heading down the wrong path with vehicle design for years. The US applying tariffs to Chinese vehicles is a no brainer but the EU might want to consider it's stance very carefully when it comes to dealing with China with the consequences more directly felt. 😎🇦🇺
Meanwhile Australia isn't supporting it's auto industry at all and it's currently on its last legs. It all began when an unelected Prime Minister, Julia, thought it was a good idea to kill vehicle manufacturing. That gave all the others a precedent to follow which was complete in a few years. Without vehicle manufacturing the aftermarket ans supporting manufacturing has been gradually dying. Weve lost almost all thr engineering, we've lost all low level jobs, twms of thousands of them, any chance of buying an affordable vehicle is gone, used Australian made vehicles are sold for more than they were worth new. So the US et al governments efforts imo are good (for them).
This is just propaganda. Talk about america's invcentives and all of the bidenomic interventions and investments in EVs, support for battery manufacture and more.
Chinese imported cars in Canada ? Exactly which Chinese cars will get tariffs? Volvo,Polestar? I guess Tesla might be importing into Canada from China.
Sadly but especially under Trudeau... No PP fan either for the record.. More of a Singh supporter... Anyone with a nationalist backbone has my support...
After years of hearing Chiron pronounced Shurron, I can't stand it. It's a Greek phonetic, and is pronounced Ky Ron. let Auto line be the pioneer who brings back the proper pronunciation! to help remember, the word chiropractor shares the same first syllable and it's not pronounced sheeropractor. also anybody familiar with the Greek houses in university, chi is not pronounced she. It is Ky, rhyming with sky. thanks for a great news show. keep it up.
China already subsidizes your lifestyle! Who to you think has been buying the US bond debt? Why do you think you’re getting such great deals at Walmart? Those parts you buy at Autozone for your Ford. Ohhhh…that phone your using to reply to this message. All China 🇨🇳
Good thinking. Of course when they retaliate by not selling you anything, you'll be back to the stone age and the price to consumers will be much higher.
@@RayNLA I get all of that but do you want to see the domestic automakers fail?? Let’s not blame the workers here before that is brought up. BYD pays their workers 5000 US or less a year. Who can compete with that?!?! Who can live off that?! We’re already China everything as you stated but this is too much now!
@@thesolarfutureenthusiast1102 If corporate greed and our governments didn’t sellout all the intellectual property to China in exchange for cheap labor and exploiting the workers maybe we would be better off??
After the GM bailout China bought millions of GM cars. Subsidies are not unique to China. Even gas prices are carefully controlled in the US with government help and that indirectly helps automakers.
Please disclose to the rest of the world your information on gasoline subsidies in the US. This is a truly well-kept secret. It is so secret that even the oil company executives, accountants, and investors are all unaware of them.
Spreading untrue information is that all new energy vehicles, including Volkswagen and Tesla, receive industrial subsidies. In China, as long as cars that meet new energy standards are manufactured, they can receive industrial subsidies. Chinese companies and foreign companies are treated equally. This It is a very fair industrial support plan. Foreign car companies have no ability and no technological competition. Ford, Nissan, Toyota, Honda and Volkswagen should reflect on themselves.
how much the US government gave out in EV subsidies last year? Can we be more double-standard than this? By the way, the automakers still owed Canadian Taxpayers billions of Bailout money, which we paid them in 2008-2009. Now you want to prevent the cheaper EVs from coming to the Canadian Market. Because you want us to continue to pay for overpriced automobiles and gas! This is why this Liberal Government has to go, enough is enough!
So basically Chinese taxpayers are helping to pay for EV purchase in other countries? Like how US taxpayers are helping to pay for American soy and corn exports to China.
China does operate in the same way as the west. Comparisons to the US and the West in general are flawed. China's NEV Industry Development Plan (2021-2035) includes global expansion of Chinese EV companies as a stated goal. This is a trade war thing. The people don't have much say. It also provides jobs.
@@danharold3087 Governmental expenses are usually funded by taxation, so it’s not wrong to say that a Chinese taxpayer is offsetting the price of EV exported to other countries. As for the strategic considerations, yes China aims to be dominant in EV. America and its allies are also dominant in several sectors such as semiconductors. Of course both are interested in preserving their advantage.
@@rf2032 Yes it would work that way if China had a western style economy. It is a communist economy with a veneer of free enterprise. Many ostensibly private companies in China have significant government involvement, either through direct ownership stakes or indirect control mechanisms. The government often provides funding, resources, or preferential treatment to so called private companies in exchange for influence over their operations and decision-making. Need I mention SASAC again?? The semiconductor industry is globally distributed, with key players in the US, East Asia (Taiwan, South Korea, Japan), and Europe. No single country completely dominates the industry.
@@danharold3087 "No single country completely dominates the industry." But the US through its diplomatic clout can pressure ASML not to sell to China. No doubt authoritarian states have more power to focus investment in particular areas, but aren't we always taught that in the end capitalist free market where private individuals compete to their best ability will always win out?
@@rf2032 "Things are more like they are today than they have ever been before" President Dwight D. Eisenhower, and others. While some may advocate for pure capitalism, the reality is that companies generally cannot stand against countries in terms of power and influence.
The US crowing about corporate subsidies is bloody hypocritical! Quick, force all the oil and gas developers to give back all the free money they took in the same timeframe... At that pollution will be affecting us for the next 40 EFFING years! Think about that next time you want to "roll coal" on someone...
Please disclose to the rest of the world your information on gasoline subsidies in the US. This is a truly well-kept secret. It is so secret that even the oil company executives, accountants, and investors are all unaware of them.
@@dzcav3 There is a layer of lead that covers the entire surface of the Earth and that is from using leaded gasoline. If the topsoil were cleaned correctly the cost to the oil companies would have been in the trillions but the politicians sucking on the oil companies teets decided not to pass on that cost. Just like the Exxon Valdez fine was about 1/7th of the total economic damage to the area fisheries and wildlife. If a coal plant decided to dump coal ash in your backyard and the city fined them $10 dollars and left you to clean it - you tell me that's not a subsidy. Free market doesn't mean the corporations don't have consequences for their bad behavior. Biden is busy emptying the reserves, that's the biggest subsidy going on for the last 3 years to keep gasoline under $10/gal.
@@iOsasu14Speak for yourself. Im not saying you have had not owned bad cars. But personally all the Big 3 vehicles i have owned i cannot say anything bad about. But i only speak from my experiance.
@@Thunderrolls87 this isn't even a debate. For decades the most unreliable cars are American. Look at any Consumer Reports list in the past 20 years and the least reliable cars list are always American cars with some European brands mixed in. Asian auto companies (with the exception of Nissan) make the most reliable cars.
How is infrastructure spending consider subsidy? If the arguement is better roads, ports, railroad links make material or transportation cost lower and therefore "subsidy", I'd have a beef to pick with the study's author
China has to focus on renewable energy very early to help it's pollution problem back then. It wasn't mean to subsidize the cars for export. In fact, there wasn't any export back then anyway. China just has the vision for green energy n a need to change the environmental policy
Mexico imports inexpensive vehicles from China, yet they still manufacture 3.5 million vehicles a year for the North American market. So if Canada allows Chinese EVs in, would it really affect the 1.9 million vehicles assembled in Canada? Most vehicles that are assembled both in Canada and Mexico are sold in the US. Basically the main reason both Mexico and Canada assemble vehicles for the US market is because of cheaper labor, and that's not about to change anytime soon.
Maybe for an After Hours episode, you can discuss the idea of manufacturers insuring the vehicles they sell. Right now, an insurance company pays for repairs, so a manufacturer profits from the high parts costs. If manufacturers were the insurance company, maybe we would find fewer sensors in bumpers and other commonly hit points on a vehicle. I really believe manufacturers do not care right now because it does hurt them, if anything it helps. Once they ate paying the repair bills, they might push for designs that put more fragile items in more protected areas. Some of the tech in bumpers and grills could probably be redesigned so they can be in safer places but still perform the task they were designed to do. I also believe it might help speed up parts shipments to repair shops. Rental or loan vehicles cost money, so the sooner repairs can happen the better. Would love to see a couple of experts discuss the pros and cons of manufacturers as the vehicle insurance provider.
@leviandhiro3596 I think you misread my post or I was not clear. In an accident, your insurance pays for repairs. Warranties that I have seen do not cover drivers crashing vehicles unless a defect caused it. Manufacturers collect billions in parts sales to body shops that ate often paid by standalone vehicle insurance, which is not normally part of a vehicle builder. Thus, builders really do not care too much for the extra costs of parts and repairs. If anything, they make more money from it. If they were the insurance company in addition to the builder, those extra costs would get more attention.
I think NIO has the right approach. Charging is not only faster but EVs will have a much better resale value since the battery, the only weak link, is not attached to the car.
Tariffs is such a short sighted policy. It’s just a tool for governments to jab at each other. It doesn’t create long term jobs, and consumers at the end pay for these tariffs. Cooperation, bringing in Chinese brands to open up factories locally. Heck, construct a deal where the Chinese help with building the infrastructure needed. Construct an ecology for servicing EVs. More jobs for Canadians, more business, more choices. At the end of the day, if the Chinese EV is garbage, then the market will determine that. Capitalism seems dead.
If the Bugatti Tourbillon does zero to 100 the same as the Tesla Model S plaid the V16 engine is in there for nothing. Could have easily done that with the three electric motors and made the car lighter.
True but remember these types are cars are like fancy mechanical watches sure an can get an atomic watch or even a pitch tone watch and have better time keeping bit the mechanical watch is an art piece now
@@leviandhiro3596 I get that. In time driving a gas car will be a display of wealth or taste. Like when vinyl records made a comeback even when digital is so much easier.
They didn't say how much under 2 seconds but good point although it probably wouldn't be lighter all electric. Also I don't think 0 to 100 k p h is its Forte
The Bugatti sets it's time from ma standing start, the tesla uses a rolling start making it slower. Also the Bugatti is a work of art that will stand the test of time. The tesla will be in the scrap yard inside of 5 years.
@@leviandhiro3596Well, China and cups go way back. People seem to forget that, for over a thousand years, the most highly prized manufactured goods in Europe, and the US, mostly came from China. "Fine China" was a most prized possession in many households right up through the 1970s.
Glad we in Australia can buy affordable Chinese cars. Thanks to the free trade deal we no longer get ripped off by legacy car makers. I personally aren’t planning to buy a Chinese car but I appreciate their impact on the car market. Let’s bring on the competition.
Australia doesn't have a car manufacturing industry any more. It earns its wealth from other sources such as mining and coal. Same can't be said for US and Europe.
No update on that ONE battery maker, I think they were doing solid state batteries. Also, don't Tesla makes their own batteries now? I know the US policy was pushing automakers to do that instead of relying on China.
Tesla will make about 2 million cars in 2024. Based on the information available, it's likely that Tesla-made batteries account for less than 10% of their total battery usage as of 2024
@@MegaWilderness Tesla has been making cathodes for years. It is/was having trouble making DBE cathodes. There are indications they have cracked that nut but no conformation. If they do it may take significant time to upgrade existing lines, build more. Use up the cathode material they have contracted for. Not making everything in your battery is something that happens in the battery industry.
I'm not exactly excited about it as a Nio investor, to me it's like sunk costs getting deeper. I hope Nio figures out this dead end asap and focuses on the more logical solution for the consumer market, that way they can get their costs down and start achieving positive cashflow and cost competitiveness again.
@@AllanSustainabilityFan it needs massive government subsidies! Just kidding, I'm huge fan of battery swap and I will not buy "structural" battery evs. Same argument for power tools!
@@jchung5265 That analogy doesn't work for EVs because with power tools you own your batteries and you can swap them conveniently on your own, with no dependency on others to do the job. It's a nice concept "in theory" until taking into account the cost, complexity and drawbacks, both to company and consumer. This video did a good job getting into some of the many problems: ruclips.net/video/lm0aOfc-wAc/видео.htmlfeature=shared&t=289 My take: Nio is losing crazy money because of their stubborn approach here. Swapping might work for small applications such as scooters and power tools, where you can do it manually and quickly. Not in cars. And it becomes even more and more problematic as chargers continue to reduce charging times to the point where the swapping process's selling feature is eliminated. So yeah, I'm not a happy Nio investor at the moment, I think the CEO is just being stubborn with his mistake.
Bugatti went for timeless design, not screens which will look outdated in years to come. However, at the top of the center console, an iPhone sized screen can pop out, and rotate if needed.
There is a screen shown in 1 of the 58 images it put out for the Tourbillon. But it's hard to tell if it pops out at the top of the all the knobs and buttons where the dash meets the center console or if it's a unit that can be detached. If you click the link for the Tourbillon in the description box you can see what we're talking about. Just keep clicking "show more images."
@@normanchan2001 hard to do when the previous tarrif was less then taxes on domestic manufactures. The old policy was incentivizing them to move overseas
![State of Play | September 24, 2024 [ENGLISH]](http://i.ytimg.com/vi/fVs0suPHAX8/mqdefault.jpg)
We ought to ask ourselves the right questions. Who ends up paying for tariffs. BYD cheapest model good for less that 11 grands but the with tarifs, we consumers will end up buying twice the price. At the end of the day corporations do not pay for these taxes, we do!
And the money goes to the feds so they can spend it to create crime and homeless criminals.
They want you to pay your hard earned money for worst technology. Basically, Canadian ppl are forced to support their inferior EV products until one day, maybe one day they might catch up to a Catl or BYD battery. In the meantime, take an LgChem or whatever ... and pay double the price , and don't forget the fire issues !!!!
When China is the last automaker standing how much do you think that 11 grand EV will cost outside China?
Corps pay tariffs, they protect USA
without tariffs we pay by losing jobs and lower wages
Please do a story on the billions paid to the oil and gas industries by the US governments and others...
The oil industry isn't profitable without the Feds
Sure, while you are it, do the same for every government on earth as every government subsidizes energy.
Thats been done 100 times, especially last week after the saudis couldnt sell us overpriced contracted oil
@@matthewfe6671well said
@@dertythegrower All we hear about here is EV incentives. I bet many have no ideal of oil and gas incentives...
Canada outsourced every policy to USA long ago. From security policy, foreign policy, consumer products, standards, etc. Since the Blackberry demise, it has had nothing left but flipping real estate. And its banks are in trouble.
It helped that in 80s the Free Trade Agreement was signed and 11,000 Canadian companies were sold in next 5-6yrs, mainly by us corporations. Canada is Puerto Rico of north. It gets American franchises and when the master says 'Jump.', our politicians ask how high.
China not only has a vision in EV, China also has a need back in 2009 (government EV development starts) to curb pollution which were so so bad. The subsidies therefore are not for car export back then, it is a major environmental policy. In fact, China didn't export many cars since couple years ago anyway. Using subsidies as excuse for tariff is not right. Lack of vision and actions in the West are the reasons for their protective policies. Such a shame
How much has US given in "incentives"?
Canada is doing what it's told to do. Canada has no say. What ever USA does, Canada must follow. 🐶
Not must but you do you.
EU, US, Canada.....are recognizing themselves as LOSERS
@@chriauc2976 75 % Canadian Exports>>>>> to the South If the Uncle Shame said GFYS then Canada will be Sudanada.
We hardly even build EV's here. What would be the point of increasing taxes on Chinese EV's? I guess maybe it fits under the logic of "raise taxes on everything in order to help the Canadian consumer out with inflation" logic that we are seeing from the current government.
Bingo! The relationship between our two nations is always bullying from the American side. This smacks of the Boeing vs Bombardier tariff war all over again... And we all know who eventually won that one... AIRBUS...
As a Canadian, 20 years ago, we were proud to own better living than most of the world such as China. But today in Calgary, when struggling to get water, I start thinking are we still living better than African countries? How many years they will catch up?
A savvy observer noted in 1992 that there were moves afoot to "roll back" the political and economic gains of the US middle class.
One doesn't need to be very savvy these days to notice that these efforts are now running in top gear. We have new laws being passed to "roll back" child labor laws, so that auto factories and chicken plants can hire 8th graders for the graveyard shift.
For a look at what might be in store for the US, Britain, and likely Canada too, just find the movie musical "Oliver!"
Better increase taxes on more things to help the inflation go down and make things more affordable.
Doesn't Alberta have vast oil wealth? Didn't Canada just spend billions to build a huge pipeline to export that oil? All that oil money should make Calgary a wealthy city.
@@steven4315 What oil pipeline
@@steven4315 - those belong to the US. Remember the oil pipe bombs? Alberta and Alaska were considering building a pipeline from Alberta to Asia.
CSIS "estimation" = truth, written in stone. Jornalism is easy these days.
If subsidies are true, at least Chinese EV created a new industry.
US gov is just stopping people getting new technologies and EV at cheaper price 😢😢😢
Beter to spend US$ 15bi a year in EV´s than US$ 30bi on Petroquimical like US, for me at least.
Better for everyone. And especially for everyone's great grandkids.
For sure
rofl, all charging with coal? You muppets.
@@robertsaca3512 Lol. You seem to have lost your clue. Or maybe you never had one.
Total EV emissions are about half ICE emissions, even where the grid is 100% coal.
Where the grid is less than 100% coal, which is almost everywhere, EV emissions are less than half of ICE emissions.
But here's the kicker: Coal is being phased out. Even in China, it will be phased out. And so is gas.
@@robertsaca3512 huh !! Ever heard of solar , wind and battery packs . That's the future and it's a work in progress.
I wish *our* government (NZ) would subsidise the transition to EVs; too many party donations from "You Know Who...".
don't they import all their energy or do they have some oil?
@@JD-yx7be We're (NZ) 85% renewable; hydro (dams) mostly with a bit of geothermal, wind and solar. Like most of the world, we haven't tapped rooftop solar (and big-batteries) but EVs make that prospect more appealing... :) And the likes of AutoBidder / V2G type software really makes solar / wind a viable solution (though Tesla doesn't do V2G yet...)
The US has spent $100B in subsidies
And bailed out it's auto industry, in one form or another, several times.
@@anydaynow01 Washing your tax dollars!
Chinese have learned the lesson. They are doing what every countries are doing, every countries are subsidizing, the problem is the scale
Sour grapes! Everyone knows that American could have done better than China in subsidizing EV industry. The Obama Administration has given subsidies to Tesla for the purchase of the Fremont plant in California. Obama was strongly criticized by Mitt Romney.
Mittens said a lot of things.
Subsidizing an All-American company at the time and American jobs, not such a bad idea, before musk show how problematic is
@@rp9674 It was all nice and good when the subsidies went to the big ol boys club, then Musk crashed the party, disrupting the old guard.
NOW subsidies are bad, when it no longer feeds the corruption down the money pit - hi GM/Chrysler!
Sure.
Huh? Freemont plant was abandoned by GM
Is that where we are now. Telling governments to subsidize more? More wasting of taxpayer dollars? How about putting 100 percent tariffs on any company that gets any subsidies. A company should stand on it's own. Government doesn't need to choose winners and losers with our money
Unregulated free market would get us dangerous horribly polluting cars you can only choose from what's available
The big 4 bailouts was the biggest in the history of automotive industry. Do you differentiate subsidy and bailout?
“China gave out 230 billion dollars in EV subsidies”. So, what. Any country can give subsides to boost its EV. Canada, too, can and should give subsidies in order to boost electric vehicles usage and production, instead of giving billions of dollars to Ukraine and to Israel. This will help to combat the emission of greenhouse gases. The offence budget of USA is around 850 billion dollars per year. It can afford to direct half of it to the EV sector, instead of imposing 100% tariff on Chinese EV cars.
I can understand why US tariff on chinese EV, but why Canada? Does Canada has car industry or Canada has been controlled by US?
BYD is really coming out to be automotive superpower.
And what about new Bugatti Tourbillon❤❤❤
Well that's good news. We won't have to worry about buying cars for 22 grand ever again.
the nissan versa is $17k
Chevy bolt was $27,500 - rebates, 7500 Federal plus whatever state or local. We had our chance
@@rp9674 The next gen bolt is likely going to be around $30k but a much better value with faster charging, heat pump, and a LFP battery which has 2-3x the cycle life of NCM
@JD-yx7be I'd like LFP, but the range might be less, tho a fair trade off? No Android auto is bad. Might be slower 0-60, can't make Eqinox EV look bad.
Heat pump is nice, but not as important to me as it is to most
Fuck that, I cant even think of anything that we can retaliate, if the Canadians did put tariff on EVs.
...or, you could buy THIRTY-SIX Tesla Model S Plaids that have the same 0-60 time as the Tourbillion. :)
. . . no room for my bicycle 😊
i made the superbeam for that exact vehicle... shorts proofs
I five years, that vehicle will auction off for much more, especially if it has a famous pedigree.
…….that’s like saying instead of getting an incredible sushi dinner at world class Nobu, for the same money you could go to the supermarket, and get 100 sushi in plastic meals. 🤷🏼♂️🤔👎🏻👎🏻👎🏻
I don't think you can drive 32 of any car at one time, need to figure that one out. There's more to it than 0 to 100 k p h, but yes it's obscene
Refer to the report by CSIS. Out of the $230 billion, about half, $117.7 billion, is Sales Tax Exemption. This applies to ALL EVs manufactured and sold in China. Meaning Tesla, VW and GM also enjoy the same benefits
At a steady 100 kmh on a motorway, the Bugatti Tourbillon will probably go 150 km on just its 25 kWh battery.
1:10 Did I hear right? That US subsidies are currently $3k higher per car than China?
And he somehow added BUT the Chinese subsidies are still significant !!! I'd like him to explain how 4500 in China vs 7500 in USA is still significant !!!
Averaged over nearly a decade if that numer is correct at all. I doubt that
It's $4K off an already subsidized super cheap EV
@@bobmorane4926 aren't these are consumer incentives to go green?
@@rp9674 So when VW opens an EV factory in Ontario, is it not not already subsidized right away ? What does bells and whistle mean to you ? And like I said, Canadians enjoy direct EV incentives anywhere between 5k to 13k across Canada. Can we say it's the same in USA with various consumer incentives differing by states and have you heard of how Tesla makes most of its profit from carbon credits ? Tell me, are carbon credits one form of manufacturer's incentives or not ? So, what are ppl in the West compaining abt Chinese incentives when they themselves live in a glass house ?
How could anyone buy Chinese cars without thinking they aren’t either spying devises or remote explosives?
Northvolt should have been expanded fast in Poland , and skip the nonsense
The news about Northvolt seems to be a bad omen for Europe.
Wow! I doubt it! $230billion Assume byd sells seagull for $10000. It is equivalent to sell 23000000 (23million) cars, more than 2/3 of China's auto production.
giga factories , no need hiring cheap labor! so anti unions!😂
I enjoying watch the videos from this chanel. However, recent remarks on Chinese auto industry or subsidies from Chinese goverment are so false. We need more fair and true reports, not this kind of propaganda!!! These unfair comments will ruin this chanel.
this channel is already one of the least anti chynese , any more pro chynese and it will be defunded.
The EU has been heading down the wrong path with vehicle design for years.
The US applying tariffs to Chinese vehicles is a no brainer but the EU might want to consider it's stance very carefully when it comes to dealing with China with the consequences more directly felt.
😎🇦🇺
South Central Los Angeles has a hiring center for crash test dummies
277 mph!
Try harder
You go and subsidize local companies.
Meanwhile Australia isn't supporting it's auto industry at all and it's currently on its last legs.
It all began when an unelected Prime Minister, Julia, thought it was a good idea to kill vehicle manufacturing. That gave all the others a precedent to follow which was complete in a few years.
Without vehicle manufacturing the aftermarket ans supporting manufacturing has been gradually dying.
Weve lost almost all thr engineering, we've lost all low level jobs, twms of thousands of them, any chance of buying an affordable vehicle is gone, used Australian made vehicles are sold for more than they were worth new.
So the US et al governments efforts imo are good (for them).
This is just propaganda. Talk about america's invcentives and all of the bidenomic interventions and investments in EVs, support for battery manufacture and more.
Chinese imported cars in Canada ? Exactly which Chinese cars will get tariffs? Volvo,Polestar? I guess Tesla might be importing into Canada from China.
It already is. All model Ys are made in China.
If they want me in a ev it will be a china unit with a cost of 4 to 5 k brand new lol
🇨🇦 is 🇺🇸's lap🐕
Sadly but especially under Trudeau... No PP fan either for the record.. More of a Singh supporter... Anyone with a nationalist backbone has my support...
Is canada even a country or a 51st state of US?
Just move to Mexico.
After years of hearing Chiron pronounced Shurron, I can't stand it. It's a Greek phonetic, and is pronounced Ky Ron.
let Auto line be the pioneer who brings back the proper pronunciation!
to help remember, the word chiropractor shares the same first syllable and it's not pronounced sheeropractor.
also anybody familiar with the Greek houses in university, chi is not pronounced she. It is Ky, rhyming with sky.
thanks for a great news show. keep it up.
Just overpriced American cars for us canucks.
I have to be careful with words , basically shut out Walmart products to drive up inflation! we are finally making money hanging onto used cars!
The 51st state, of course.
Good, we are finally hearing about the Chinese subsidies that have made Chinese car manufacturers so "competitive".
Exactly! $1.5B in low-interest loans from China and $3.7B from California. Oh wait, I thought you were talking about Tesla subsidies!
I support the tariffs! Why should we be put at a disadvantage by Chinese car companies! BAN THEM!!!
China already subsidizes your lifestyle! Who to you think has been buying the US bond debt? Why do you think you’re getting such great deals at Walmart? Those parts you buy at Autozone for your Ford. Ohhhh…that phone your using to reply to this message. All China 🇨🇳
Good thinking.
Of course when they retaliate by not selling you anything, you'll be back to the stone age and the price to consumers will be much higher.
EU, US, Canada.....are recognizing themselves as LOSERS
@@RayNLA I get all of that but do you want to see the domestic automakers fail?? Let’s not blame the workers here before that is brought up. BYD pays their workers 5000 US or less a year. Who can compete with that?!?! Who can live off that?! We’re already China everything as you stated but this is too much now!
@@thesolarfutureenthusiast1102 If corporate greed and our governments didn’t sellout all the intellectual property to China in exchange for cheap labor and exploiting the workers maybe we would be better off??
After the GM bailout China bought millions of GM cars. Subsidies are not unique to China. Even gas prices are carefully controlled in the US with government help and that indirectly helps automakers.
During the next crash, China will not bail out the US! Permanent decrease in living standards!
Ahhh. I like Eisenhower the most. He set the price at $.30gal. They just turn a dial you know…
Please disclose to the rest of the world your information on gasoline subsidies in the US. This is a truly well-kept secret. It is so secret that even the oil company executives, accountants, and investors are all unaware of them.
@@buntnik Yeah I remember riding in the car with my dad when he saw gas prices that were over $1 a gallon, let's just say he was not happy, at all 😆!
@@buntnik 'They' not only turn the dial, they also own congress.
Spreading untrue information is that all new energy vehicles, including Volkswagen and Tesla, receive industrial subsidies. In China, as long as cars that meet new energy standards are manufactured, they can receive industrial subsidies. Chinese companies and foreign companies are treated equally. This It is a very fair industrial support plan. Foreign car companies have no ability and no technological competition. Ford, Nissan, Toyota, Honda and Volkswagen should reflect on themselves.
How are Chinese subsidies different from the various “investments” or tax breaks given by other governments?
It's unfair when American companies lose out on competition and technology 😂😂
how much the US government gave out in EV subsidies last year? Can we be more double-standard than this? By the way, the automakers still owed Canadian Taxpayers billions of Bailout money, which we paid them in 2008-2009. Now you want to prevent the cheaper EVs from coming to the Canadian Market. Because you want us to continue to pay for overpriced automobiles and gas! This is why this Liberal Government has to go, enough is enough!
So basically Chinese taxpayers are helping to pay for EV purchase in other countries? Like how US taxpayers are helping to pay for American soy and corn exports to China.
China does operate in the same way as the west. Comparisons to the US and the West in general are flawed. China's NEV Industry Development Plan (2021-2035) includes global expansion of Chinese EV companies as a stated goal. This is a trade war thing. The people don't have much say. It also provides jobs.
@@danharold3087 Governmental expenses are usually funded by taxation, so it’s not wrong to say that a Chinese taxpayer is offsetting the price of EV exported to other countries. As for the strategic considerations, yes China aims to be dominant in EV. America and its allies are also dominant in several sectors such as semiconductors. Of course both are interested in preserving their advantage.
@@rf2032 Yes it would work that way if China had a western style economy. It is a communist economy with a veneer of free enterprise.
Many ostensibly private companies in China have significant government involvement, either through direct ownership stakes or indirect control mechanisms.
The government often provides funding, resources, or preferential treatment to so called private companies in exchange for influence over their operations and decision-making. Need I mention SASAC again??
The semiconductor industry is globally distributed, with key players in the US, East Asia (Taiwan, South Korea, Japan), and Europe.
No single country completely dominates the industry.
@@danharold3087 "No single country completely dominates the industry." But the US through its diplomatic clout can pressure ASML not to sell to China. No doubt authoritarian states have more power to focus investment in particular areas, but aren't we always taught that in the end capitalist free market where private individuals compete to their best ability will always win out?
@@rf2032 "Things are more like they are today than they have ever been before" President Dwight D. Eisenhower, and others.
While some may advocate for pure capitalism, the reality is that companies generally cannot stand against countries in terms of power and influence.
The US crowing about corporate subsidies is bloody hypocritical! Quick, force all the oil and gas developers to give back all the free money they took in the same timeframe... At that pollution will be affecting us for the next 40 EFFING years! Think about that next time you want to "roll coal" on someone...
Please disclose to the rest of the world your information on gasoline subsidies in the US. This is a truly well-kept secret. It is so secret that even the oil company executives, accountants, and investors are all unaware of them.
@@dzcav3 There is a layer of lead that covers the entire surface of the Earth and that is from using leaded gasoline. If the topsoil were cleaned correctly the cost to the oil companies would have been in the trillions but the politicians sucking on the oil companies teets decided not to pass on that cost. Just like the Exxon Valdez fine was about 1/7th of the total economic damage to the area fisheries and wildlife. If a coal plant decided to dump coal ash in your backyard and the city fined them $10 dollars and left you to clean it - you tell me that's not a subsidy. Free market doesn't mean the corporations don't have consequences for their bad behavior. Biden is busy emptying the reserves, that's the biggest subsidy going on for the last 3 years to keep gasoline under $10/gal.
China! China! China! Seems China is the the future of automotive.
That's what was said about Japan 50 years ago.
@@robertsaca3512 Japanese cars are much higher quality than the crap the big three spits out.
@iOsasu14 Japanese nuclear water seafood is also very high in quality. 😅
@@iOsasu14Speak for yourself. Im not saying you have had not owned bad cars. But personally all the Big 3 vehicles i have owned i cannot say anything bad about. But i only speak from my experiance.
@@Thunderrolls87 this isn't even a debate. For decades the most unreliable cars are American. Look at any Consumer Reports list in the past 20 years and the least reliable cars list are always American cars with some European brands mixed in. Asian auto companies (with the exception of Nissan) make the most reliable cars.
Tourbillion is the French word for 'Cyclone' and that thing in watches to make them more accurate is named after that.
Germany now in GREEN DEPRESSION. The numbers don’t lie ! Porsche is lowering prices in China now
How is infrastructure spending consider subsidy? If the arguement is better roads, ports, railroad links make material or transportation cost lower and therefore "subsidy", I'd have a beef to pick with the study's author
China has to focus on renewable energy very early to help it's pollution problem back then. It wasn't mean to subsidize the cars for export. In fact, there wasn't any export back then anyway. China just has the vision for green energy n a need to change the environmental policy
Mexico imports inexpensive vehicles from China, yet they still manufacture 3.5 million vehicles a year for the North American market. So if Canada allows Chinese EVs in, would it really affect the 1.9 million vehicles assembled in Canada? Most vehicles that are assembled both in Canada and Mexico are sold in the US. Basically the main reason both Mexico and Canada assemble vehicles for the US market is because of cheaper labor, and that's not about to change anytime soon.
Maybe for an After Hours episode, you can discuss the idea of manufacturers insuring the vehicles they sell.
Right now, an insurance company pays for repairs, so a manufacturer profits from the high parts costs. If manufacturers were the insurance company, maybe we would find fewer sensors in bumpers and other commonly hit points on a vehicle. I really believe manufacturers do not care right now because it does hurt them, if anything it helps. Once they ate paying the repair bills, they might push for designs that put more fragile items in more protected areas. Some of the tech in bumpers and grills could probably be redesigned so they can be in safer places but still perform the task they were designed to do.
I also believe it might help speed up parts shipments to repair shops. Rental or loan vehicles cost money, so the sooner repairs can happen the better.
Would love to see a couple of experts discuss the pros and cons of manufacturers as the vehicle insurance provider.
Isn't this just like a warranty😮
@@leviandhiro3596 No, collision damage is not like component reliability.
@leviandhiro3596 I think you misread my post or I was not clear. In an accident, your insurance pays for repairs. Warranties that I have seen do not cover drivers crashing vehicles unless a defect caused it.
Manufacturers collect billions in parts sales to body shops that ate often paid by standalone vehicle insurance, which is not normally part of a vehicle builder. Thus, builders really do not care too much for the extra costs of parts and repairs. If anything, they make more money from it. If they were the insurance company in addition to the builder, those extra costs would get more attention.
I'm not sure if it's the manufacturers or their suppliers who are profiting.
@michaeloreilly657 Probably both. Just depends on how vertical they are when it comes to parts.
How much are the total subsidies for US companies?
I think NIO has the right approach. Charging is not only faster but EVs will have a much better resale value since the battery, the only weak link, is not attached to the car.
Tariffs is such a short sighted policy. It’s just a tool for governments to jab at each other. It doesn’t create long term jobs, and consumers at the end pay for these tariffs.
Cooperation, bringing in Chinese brands to open up factories locally. Heck, construct a deal where the Chinese help with building the infrastructure needed.
Construct an ecology for servicing EVs. More jobs for Canadians, more business, more choices. At the end of the day, if the Chinese EV is garbage, then the market will determine that. Capitalism seems dead.
The military industrial complex gets a trillion $ subsidie every year.
散播不真实的信息，是所有的新能源汽车都拿到补贴，其中也有大众特斯拉，在中国，只要制造达到新能源标准的汽车都能拿到产业补贴，中国企业和外国企业一视同仁，这是一个很公平的产业支持方案，外国车企自己没有能力，没有技术竞争，福特日产丰田本田大众应该反思自己
If the Bugatti Tourbillon does zero to 100 the same as the Tesla Model S plaid the V16 engine is in there for nothing. Could have easily done that with the three electric motors and made the car lighter.
True but remember these types are cars are like fancy mechanical watches sure an can get an atomic watch or even a pitch tone watch and have better time keeping bit the mechanical watch is an art piece now
@@leviandhiro3596 I get that. In time driving a gas car will be a display of wealth or taste. Like when vinyl records made a comeback even when digital is so much easier.
They didn't say how much under 2 seconds but good point although it probably wouldn't be lighter all electric. Also I don't think 0 to 100 k p h is its Forte
The Tesla Coupe would be even better, if it existed.
The Bugatti sets it's time from ma standing start, the tesla uses a rolling start making it slower. Also the Bugatti is a work of art that will stand the test of time. The tesla will be in the scrap yard inside of 5 years.
Why do we make a big deal on Chinese subsidies when the US has done the same, so we forget of the bailouts.
Because they have 3x-9x more subsidies according to Kiel Institute for World Economy. Plus they mandated joint ventures to "acquire" IP.
Hypocrisy per usual!
@@taylorc2542
We did the same thing with the Japanese and Korean car companies!
Fun Fact: Teslas are made in China and is wholly owned
Brain dead dead China troll question... Likely MAGA
@@taylorc2542 the message says it all. All the tax incentive consider as subsidiary. Joke on Kiel
Bugatti Tourbillon is already sold out! (all 250 sold). Looking forward to seeing them in Beverly Hills, Miami, and Monaco.
Take that, peasants
All the stuzs following their master
This is Chinaline Daily, Let's talk China!
So many wumaos on the comment section.
China becoming less and less of US imports . Both Mexico and Canada surpassed China exports to USA.
They lost the race of copying 😂
I've never seen a cup not made in China
Assembled in Mexico, not Made in Mexico. The parts still come from China. The same is true for Canada.
@@leviandhiro3596Well, China and cups go way back.
People seem to forget that, for over a thousand years, the most highly prized manufactured goods in Europe, and the US, mostly came from China.
"Fine China" was a most prized possession in many households right up through the 1970s.
Interesting, I had to look it up
mhtirogla
LOL
the only subsidy we receive for buying EV in China is 10% purchasing tax exemption. But isn't this exemption applied to everywhere in the world?
Super stupid to mount and gauges on the steering wheel!! Change of focusing distance is a major safety hazard. HUD is the way to go.
China should give me free EV using subsidies
they are... 😂 byd and others need welfare they Do NOT pay back to artificially lower prices.. i proved that here all year long
No
CIA bot
Glad we in Australia can buy affordable Chinese cars. Thanks to the free trade deal we no longer get ripped off by legacy car makers. I personally aren’t planning to buy a Chinese car but I appreciate their impact on the car market. Let’s bring on the competition.
Australia doesn't have a car manufacturing industry any more.
It earns its wealth from other sources such as mining and coal.
Same can't be said for US and Europe.
Australia doesn't have any affordable cars, thanks to the death of the industry, thanks to unelected PM Julia Gilliard.
What a legacy she left.
@@michaeloreilly657 good for Australia in owning vast resources! they can buy what they want , not what the politicians want!
Veyron the pinnacle of obsolete technology. That era is gone.
Saudi princes have to get around, and they're not going to buy EVs.
@@jamesvandamme7786 you are right, gotta burn oil and dollars somehow
Jeep pulled out of China, then Mitsubishi, now Nissan. Who else?
I know who's not pulling out
@@rp9674 The only fully foreign-owned automaker in China, the one with the most automated factory on earth?
Eventually all foreign car manufacturers will be going out of business in China.
@@snookmeister55 I was thinking of the gents
No update on that ONE battery maker, I think they were doing solid state batteries. Also, don't Tesla makes their own batteries now? I know the US policy was pushing automakers to do that instead of relying on China.
Tesla doesn't yet make a complete battery, it can't make cathodes yet
Tesla will make about 2 million cars in 2024. Based on the information available, it's likely that Tesla-made batteries account for less than 10% of their total battery usage as of 2024
@@danharold3087 Embarrassing, especially when you incude stationary storage
@@MegaWilderness having more than 1% of any industry is pretty amazing weather it is pencils or cars
@@MegaWilderness Tesla has been making cathodes for years. It is/was having trouble making DBE cathodes. There are indications they have cracked that nut but no conformation. If they do it may take significant time to upgrade existing lines, build more. Use up the cathode material they have contracted for.
Not making everything in your battery is something that happens in the battery industry.
Take the US incentives away and Tesla sales will tank even more.
The oil and gas industries received billions in subsidies....
Elon said years ago he wanted the subsidies to end.
Byd uses 300% more, little one 😂 Reality check
I'm pro-EV, but anti- tax credits. When you have a $32T national debt, you need all of the tax revenue possible.
EDIT: Oops, now it's $34.7T.
botboybobby is talking elon who created all the ideas, as byd needs 300% more to make prices lower... you dont study the basics
Battery swaps are under reported... thanks for showing Nio
I'm not exactly excited about it as a Nio investor, to me it's like sunk costs getting deeper.
I hope Nio figures out this dead end asap and focuses on the more logical solution for the consumer market, that way they can get their costs down and start achieving positive cashflow and cost competitiveness again.
@@AllanSustainabilityFan it needs massive government subsidies! Just kidding, I'm huge fan of battery swap and I will not buy "structural" battery evs. Same argument for power tools!
@@jchung5265 That analogy doesn't work for EVs because with power tools you own your batteries and you can swap them conveniently on your own, with no dependency on others to do the job.
It's a nice concept "in theory" until taking into account the cost, complexity and drawbacks, both to company and consumer.
This video did a good job getting into some of the many problems:
ruclips.net/video/lm0aOfc-wAc/видео.htmlfeature=shared&t=289
My take:
Nio is losing crazy money because of their stubborn approach here.
Swapping might work for small applications such as scooters and power tools, where you can do it manually and quickly. Not in cars.
And it becomes even more and more problematic as chargers continue to reduce charging times to the point where the swapping process's selling feature is eliminated.
So yeah, I'm not a happy Nio investor at the moment, I think the CEO is just being stubborn with his mistake.
@ 5:19, So.... there's no touchscreen in the Bugatti Tourbillon? Does anything display on the windshield?
Bugatti went for timeless design, not screens which will look outdated in years to come. However, at the top of the center console, an iPhone sized screen can pop out, and rotate if needed.
There is a screen shown in 1 of the 58 images it put out for the Tourbillon. But it's hard to tell if it pops out at the top of the all the knobs and buttons where the dash meets the center console or if it's a unit that can be detached. If you click the link for the Tourbillon in the description box you can see what we're talking about. Just keep clicking "show more images."
@@AutolineDetroit Thanks Sean!
Please do not confuse subsidies with actual cash.
Isn't the American CHIPS act one giant subsidy?
It's protecting our technology industry and jobs
@@rp9674 you wanna protect jobs? Build better cars.
@@normanchan2001with slave labor & more subsidies
@@normanchan2001 hard to do when the previous tarrif was less then taxes on domestic manufactures. The old policy was incentivizing them to move overseas