Why Biden Is So Scared Of Chinese EVs
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- Опубликовано: 17 май 2024
- Live-streamed on May 14, 2024
David Dayen, executive editor at The American Prospect, discusses some of his recent reporting on the Biden administration’s industrial policy.
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prospect.org/
David Dayen walks Sam and Emma through Biden’s recently announced tariffs on Chinese electric vehicles (and various production elements), the overwhelming success of the Chinese EV industry, and why the US so fears the introduction of the Chinese product to the US market (they’re cheaper and better). Expanding on this, David dives into the context of these tariffs on the US market, drawing an analogue to US regulations on Japanese cars in the 1980s as he explores how these tariffs alongside bolstered EPA and EV requirements for US auto manufacturers serve to give the US market space (and incentive) to catch up, before wrapping up by exploring the role the Big Three (Ford, GM, Stellantis) play in EV production, and what a domestic production chain would mean for cheaper products.
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So call it technology theft. Okay. Then why haven't we, here in the US not used that technology to build an affordable EV?
Because US corporations don’t want manufacturing in the US; it’s a mortal threat to their profits.
It will be interesting to see if those vehicles can get approved/certified for use on US roads judging from the many events Chinese consumers post on their social media sites.
Tech companies and car companies actually hate Americans. That's why.
Because it's all theater. I questioned why China is buying so many EV and US not. Let's disregard the price. China has 1.2M charging stations, and US has 53K.
God forbid anything should profit the consumers. They're just for getting votes.
cause those chinese ev companies get subsidized by the ccp by over 50%. they're doing what's known as dumping at this point.
I think Chinese EVs are far better than Elon Musk's $80k garbage truck.
That guys such a sociopath grifter, does ketamine make people psychotic?
Elon's Cybertruck seems like an experiment to see how many suckers there are.
For sure, the USA gets Cyber Junk for the $38 billion given to Tesla. The $20 billion given to GM, $10 billion used for stock buybacks, this is how Failed Capitalism works, government socialism support for short term private profits of big business.
@@SixOneNiner23grifter how
Well, china is pushing for innovation and open market. It doesn't matter whether it's Tesla, German car manufacturers, or local manufacturers. consumers are enjoying the results of competition.
So. America has spent decades offshoring their production to China. Cheaper EVs are just chickens coming home to roost.😊
And people like Sam complained about it but now that steps are finally being taken to reverse the trend he's complaining about that.
Don't forget, the owners of lfp battery tech gave it to china royalty free.
@@hwirtwirt4500 Say you don't know what you're talking about without saying you don't know what you're talking about. You obviously didn't listen to what was being said in this, or what kinds of things he advocates/complains about.
@@Nick-o-time no they didn't. It's all documented for you to find.
@@sprockketsNope, many of the LFP patents expired in 2022.
tax the rich, stop the greed
We should nationalize a lot of the key industries that the rich own....why rely on tax money when we could have ALL the profits these industries make, then re-invest that into our country.
@@sullen2420 good thinkin'!
@@sullen2420They wouldn’t be competitive. The market is going towards robots taking most manufacturing jobs. Government has a role to play, but they’re too slow for the technology industry.
Jill Stein ✌️💚
Tariffs=disguised tax the poor.....
Taxing Chinese EVs 100% is a clear cut admission of defeat by American automakers. BYD does make vastly better vehicles than any current U.S. EV automaker.
A basic logic is:
Only products with strong competitiveness will be sanctioned.
Biden's tariff proves the excellence of China EV.
Define "vastly better." Like, cite me a source please, I'm fine doing the reading, just direct me to a source you trust, noting I'm not a car guy but I get the basics of cost, manufacturing, and features.
Go search BYD EVs here in Europe you get many RUclipsrs reporting about this
@@kiltedcrippleThere's a good review of the BYD Seagull by Detroit automakers.
@@kiltedcripple Well there's the WSJ? Boomberg? article that talked about auto analyst group that purchased a BYD sedan and tore it down to its most basic components.
Then they studied the parts and concluded that the BYD was not only very well made but the way it was put together was "extremely efficient".
Their conclusion was that American (and German and Japanese) automobile competitors "were in big trouble".
The longer it's protected, the more they will be lagging behind
Biden saw the $10k BYD Seagull and shat his pants knowing that alone would be the end of US car makers.
And German, Japanese and Korean auto manufacturers 💀
Think of all the Chinese spying. Not just your own EV but everybody else's car too. More efficient than balloons or tiktok.
BYD is heavily subsidized by the PRC government and have the advantage of sweat shop labor practices and pay scales. It's called dumping.
You would have loved the Yugo, that was really cheap too.
@@hwirtwirt4500
Comparing that to a product coming from the largest manufacturer on Earth is just willful ignorance.
Free market for thee not for me - a famous US proverb.
I can't wait till I can afford a used Prius
😢😢😢
USA politicians should funds educations not wars, that is much needed to compete in the world !
Too late.
If only we lived in a world where that could be the only priority, unfortunate we don't.
@@hwirtwirt4500wrong. It is a choice driven by capitalism. You’re naive if you think it’s an inevitability.
thety comepted for cnetures by destroign competion thrgouh wars,but not longer can they do it so easily.
As long as you _vote Blue no matter who_ , the politicians won't fund education.
If Chinese pharma companies produced and sold a miracle drug to cure cancer for pennies on the dollar that American pharma companies did, would the US govt. put a 100% tariff on it?
It would, but probably at 1000%.
Please, FDA would ban it asap.
They'd outright ban it, because of 'national security'
@enalo6261 Funny thing is, China refused the Pfizer, J & J, AZ vaccines, and used their own. Look how well THAT turned out? (Looka at Late 2022 China)
Look at all the people who've died in China because they banned Western vaccines and wanted to use the Sinovac instead? And you're complaining about AMERICA banning things?
BYD did a demonstration where they did two side impact crash tests at high speed on both sides of the same car, removed the battery, installed the battery into a new car and drove off.
China is moving rapidly towards net zero faster than Xi's initial goal. They are not using dirtier energy compared to us, watt for watt. In 2023 alone, they have put up enough solar panels roughly equivalent to the entire power grid of India. Their current plan sees them tripling green energy by 2030, and currently they have more solar, wind, and hydro power generation than any other country in the world, beating second place by almost 70%. The reason why they are doing this is because they have gotten green energy per watt production cost to be lower than fossil fuels, by about 25%, so not only is it political, its also economic.
Bottomline, they are more efficient, and free market competition would ruin the US industry, so its back to government controlled economy.
Haerwusu largest coal mine in the world.
@@xineohpinakc264 China’s coal fire power plants are mostly used for peak power consumption intervals. They will be phased out as grid storage takes over their role.
In the meantime, the US will still be leaking methane from their poorly regulated natural gas power plants.
@@xineohpinakc264 largest lignite mine exists outside of china
@@xineohpinakc264
and?
Yes,for their population size big bad C is doing very well indeed.
My friend own BYD now said the car is better than Tesla. And cheaper but the quality is so good.
B!den was supposed to put in a large number of charging stations around the country but like a lot of things hasn’t.😅someone put a montage together of his last 3 state of the union address and they were all the same 😂😂
Why won't American car companies make inexpensive EVs?
No money in it.
Only Chevy is doing it. Profit margin is too small and they dont' have the infrastructure to mass produce EVs. Tesla is specialized to produce only EVs, but even their standards are pretty poor with not great assembly mechanical and structural issues with the Teslas. The rest of the car companies just not equipped. They would need new assembly lines and so on, it doesn't exist. The USA is about 20 years behind China, so is EU. That' a fact and too bad that 99% of Americans don't know about it. If you feel like we are stuck in the past, it's because we are.
US company has stop making Sedans.
Anything that would give any bit of security to the working class in America has been systematically eroded, dismantled, or attacked to near uselessness since Reagan and the rise of neoliberalism. From unaffordable healthcare, to unaffordable housing, to now unaffordable food in post-pandemic America. "The Crisis of Democracy" laid it all out in 1975. The economic precarity among the general population is by design. To keep people focused on their own survival and not involved in affairs related to the political economy. $10,000 EVs offer too much security to working people. As does universal healthcare. Free college. Free childcare. And on and on.
American car company just want your money, they don't care what you want.
THE PROBLEM IS WE ARE IN A MULTIPOLAR WORLD AND AMERICAN COMPANIES HAVE TO COMPETE GLOBALY IF THEY WANT TO ACCESS TO THIS HUHE MARKET.
WHY ARE WE YELLING
Don’t tell that to the big 3, they spent too much “lobbying” money to let anyone compete fairly in the US
Anyone saying Chinese EV's are cheap because they aren't safer than american EV's is talking out of their butts. The top EV's exported from China to Europe are rated for safety by Euro NCAP, which have as strict of standards to the US, if not stricter. Most of these export cars are not only cheaper than european EV's but are safer and more highly rated by the NCAP.
safety in the U.S. is defined by how much damage your vehicle can do to others. The more damage your own vehicle can do then the safer you are.
And then there's many Chinese EVs with 8 year warranty. No company is going to exist, if they create trash vehicles that needs to be fixed or replaced through the warranty.
The fact is simply that there are many irresponsible EV-drivers that mess things up, the same goes for gas vehicle drivers.
@@voidisyinyangvoidisyinyang885 it's insane how they marketed the cyber truck as being capable of murdering pedestrians and other drivers
@@jonathanchoi3533 you have a video title that does that? I was not aware of that.
They can't admit to it. Hurts their egos.
Chinese EV company NIO just released a car that can go 650 miles on a charge for 40k. For comparison, the tesla model 3 is also 40k and gets 270 miles on a charge. So less than half the mileage for the same price.
is Elon Mush still hiring for his Mars strip club? We need to support Mush more.
I wouldn’t rely on the Chinese assessment for vehicle mileage. They can be overly inflated but without a doubt are undeniably a better value per kilowatt compared to the U.S.
@@rodimcgeesums633Nios CEO William Li actually live-streamed his 14-hr road trip from Shanghai to Xiamen (1044km, or 648miles)
@@rodimcgeesums633yes, Chinese cars are fake
@@rodimcgeesums633 If you have truly experienced an electric car from China, I guarantee you will change your perspective.
If Mazda can somehow bring the EZ-6 to the US, that's my hope.
It is a rebadged EV from BYD. Even Japan is left behind China in EV technologies. USA on the other hand is clueless
Thumbnail Biden looks like he just saw the Reaper. 💀
The only way EV tariffs would be beneficial would be to say they were all going away ib 5 years. So then US manufacturers would have time to build good EVs. Or they would all just fail if they decided to not build competitive EVs in that time.
Tariffs with no expiration just means US consumers would be stuck with expensive, inferior vehicles.
US tariff is designed to contain China not giving US manufacturer a break. For example, how would 25% on sneakers help US when US has NO sneaker factory?
@@davidwong5197 yeah, but that won’t work. Because 75% of the auto market is not US. So China will get massive economies of scale outside of the US while the US can continue to avoid competition and build subpar low volume cars. Which the rest of the world will increasingly reject in favor of better EVs made in China.
The battle has already been lost, US consumers will be stuck with more expensive/inferior vehicles and the big 3 aren’t competitive globally
I heard Aaron Bastani talking on Novara about the Chinese EV market a little while ago and yes, it did appear that they are substantially better and very much cheaper. It definitely seems the way to go but hey, let’s put huge tariffs on them.
They are very advanced in solar energy too.huge areas and batteries.
Maybe he's trying to support American Union jobs at the new factories that are part of the most recent package the workers got after the strike.
That's fine but then we need to be making EVs and we refuse.
@@BenedictMHolland EV's are currently being manufactured by Tesla, Ford, GM, Rivian and others in the US. Why are you so misinformed?
@@hwirtwirt4500 why should the consumer pay more per vehicle?
Woohoo! Race to the bottom! Import everything in this country!!! Why have a middle class! Yeahhhh free trade babeyyy!!!!@@truthteller-uh5km
@@hwirtwirt4500 We need a nationalized EV manufacturing company, not these mafias we call Tesla and Ford run by evil narcissists.
That period in the '80s when Michael Keaton made movies about the economy
"the only way EVs will be cheap in the United States is if we make them here", bro at the begining of the video literally said the Chinese EVs are cheaper and better than the American ones. Also US car companies don't make a majority of their cars in the US.
Amd that's thanks to cheaper labor and regulations in Mexico.
Part of the reason Chinese EV's are cheaper is because they make most of the parts in house, and they have all the required resources. He is saying the US would have to do the same thing to be competitive instead of importing parts and resources. There is no contradiction there. Unfortunately, most of the rare earth elements required for EV production are in China.
@@GCKelloch The most important factors is; US target rich people and China target the general public. US EV are mostly luxury cars.
@@davidwong5197US company only want to make big buck & fast. That why they still don't know what the real problem.
@@GCKelloch It's also bcos of automation. Xiaomi can create a SU7 every 76 seconds.
Man, Capitalists sure suck at business, huh?
Mr. "I'd Veto Medicare-For-All" is scared of a little Free Market competition.
Funny how China has banned RUclips, Facebook, Twitter, Instagram, etc. But suddenly the U.S. taking action against a Chinese company is "ridiculous." You people are completely ignorant of the facts.
Didn't the US do a similar thing with Japanese and European motorbikes to try and save Harley Davidson. The USA just can't cope with competition.
wild hows its "free market" untill the rich start to lose the game of meritocracy. happened with tiktok , happening with evs now
I know, I want my Uyghur-blood fueld car, wth! 😥😥
Unfair trade and labor practices by the PRC are not 'free market" .
@@SpaceVVitch do u think the biden admin cares about that? Is that why they are placing these tarifs?
Happened with Huawei too. There was no spying or spywhare, that was just the excuse to get Huawei out of the US market, it was just too much competition to Apple and Samsung.
China is 20yrs ahead of USA and EU. colleague of mine came back from a trip from Shenzhen, he said coming back to USA is like traveling to a 3rd world country. Authoritarian or not as far as technology, China is far ahead and I doubt USA will ever catch up. Neither EU. Unless there is a war.
@@SpaceVVitch You already have your child-slave-blood-fueled smart phone and chocolate, your blood-fueled (the source list is too long to include, but "Saudi Arabia" should ring a bell about some of the things we support) oil/gas, etc. So greedy...
Not just significant cheaper, but much much better in quality and technology.
BYD (chinese EV company) is making factories in Mexico. What good are tariffs against China going to do when they come in through NAFTA free trade Mexico?
US is trying to make Mexico not to let BYD build cars in Mexico.
Don't worry, they are blocked.
Made sure US consumers won't get cheap EV.
Good job!
None, that’s a actually the point. Imports are blocked, not the Chinese manufacturers. The Chinese companies are welcome to build factories within NAFTA. It’s literally the point.
Don't know about "protecting US auto industry", it protects 30 million bonus of the CEOs at least.
It's already all electric in China. Colleague just came back from a business trip from Shenzhen... it's very rare to see a gasoline vehicle in China. You can buy an electric scooter or motorcycle for a couple of hundred dollars. If you don't want to, you an always rent one anywhere for the whole day or just go down a few blocks.
All the cars are electric and buses and so on. But that's not all, everything is modern. He described as stepping out of the airplane was like going 20 years into the future. The USA and EU are far behind China as far as technology. We might never catch up to them. They can only delay the Chinese overtaking all electric cars and pretty much everything electric and technology related. It's inevitable.
Shenzhen is the tech center of China; are the EV's in rural provinces?
Because China doesn't have to ask permission from a capitalist class to BUILD things. They liberated themselves from that in 1949.
And they get free healthcare.
Chinese Shill, China EV's sit in piles, and China EV's burn up at a 20% failure rate. Chinese Products like EV's are killing Chinese, and is rampant with no protections for Chinese Citizens.
@@MrPhotodoc
It has its issues still. But as with anything in China, once they advance it's pretty much going to stay that way. And their sheer scale will make it a contender globally.
Like a wall of iron shifting forward.
I've been wanting to import the BYD Seagull, but unfortunately, I doubt I'd be able to get it registered in NY
I spit out my Chardonnay when I heard on PBS that Biden was slapping a "tariff" on Chinese EV's. I'm like good, then my Tesla stock should go up. Right?
No it won't ... Tesla cannot compete in China ... where alot of their EVs are sold. Their FSD tech is also not that far ahead of Chinese FSD.
Hyundai Ioniq 5N destroys Tesla on the track.
Tesla is losing money because it is being valued as a car company instead of a tech/AI one. As a car company it's way overvalued.
Starts at 2:30
Thx
I just came back from a 10 days vacation in China and I was completely blown away by the Chinese EVs. If I can buy a NIO EV, I will definitely buy it. NIO ES6 SUV is my favorite!
Did you see the XPENG 9? It's a Mpv that is fully loaded.
@@kaijen2688 No, I'm not a fan of MPV.
100% tariff!! We're getting into the realm of import substitution here. Just invite Chinese companies in to make their cars.
"I would trust the quality of those Chinese EVs"
hahaha! I meant to say I would NOT trust the quality of those Chinese EVs
Would or would not? They catch fire more than tesla and have issues with airbags
Chinese EV's burn up fast.
@@johnhodgson4216 all evs burn fast, chinese just burn more often. Plenty of gone off whilst turn off at the dealerships.
@@coreyjblakeyno they don’t. All the videos online of cars on fire and ICE and plug-in hybrids
@@iamsheep whats ICE in this context? And none of the videos Ive seen have been hybrids, all new releases full ev’s. really presumptive of you to claim ALL are hybrids, a ridiculous claim… all… no “all” claim is ever correct buddy… if a tesla can burn down so can a BYD
The demand for EVs is there. The affordability is not. The nose bleed interest rates makes it very difficult to take out loans to buy one. Cheaper EVs from China will destroy American auto manufacturing. They're also lobbying against EV transition as well because they cannot keep with China on technology or affordability. Lowering interest rates would level the playing field for EV adoption.
The car company Nio is doing battery swaps in China, which I think is a very neat concept.
Tariffs only affect the worker. Only Tesla has expanded the charging stations. The big 3 need to make a 20k EV, but they insist on 35k its a battery, motor and body. They better look at Chinese cars at 35k they have fold down seats, big screen tvs, 500 hp engines, 1000km range. GM builds a car in China that 12k but its being built and sold in the US for almost 40 and its lacking compared to the Chinese.
Well also not mentioned in order for us car companies to compete they’ll also need to adjust costs, and of course the first place they’ll come after is workers pay but what never gets mentioned is CEO pay of Chinese companies compared to Chinese workers vs US CEO pay vs US worker pay. Chinese CEO pay is roughly 30% higher than their avg employee (which coincidentally is about the same as what the US was when it was a global manufacturing powerhouse, there was a good breakdown of it on one of the Tom Hartman episodes), that may have changed lately but from what I could find was statistics from about 2019. All these companies never had a problem with offshoring all production for cheap labor to inflate their own profits and pay but it’s only when now the chickens come home to roost that all a sudden it’s a problem because rich CEO’s might have to lose. I’m sure what’ll be coming next is US car companies won’t take the opportunity to invest and get ready to compete because that investment costs money which eats into profit and lower share value so they’ll sit on their butts taking advantage of the tariffs until it’s too late the CEO will already jump ship taking their billions with them those that remain will hit the US gov up for subsidies to compete with China to which I say fuck that use your own money that you’ve neglected to reinvest, you never see small business owners getting subsidized to compete with Walmart etc…. It’s a business costs you want all the profits when it’s good then fine you reinvest when it’s time or if you want gov subsidies ok but then the public gets a say on the CEO pay and we can cap it just like other places like Europe.
The Chinese knows how to use pricing to get the markets....it will eliminate all competition with Walmart style.
Note: NUMMI is now the Tesla plant in Fremont, Ca.
OK.... yer gone. I need that phat scratch!
American and European car makers killed themselves by not progressing over the years. The Chinese spent billions developing the tech you are seeing. They are emulating Tesla, not GM or Ford as they are not as efficient or cutting edge. Mexico bought 220k vehicles in Mexico last year.
Umm anyone seen recent videos of Chinese EVs? They havnt figure out how to stop them from being combustion vehicles
Did you bother looking closely? I watched those videos on Twitter as well. Seems like you didn't notice them being BMW GAS vehicles. Think. Is it possible for an automaker company to exist if their vehicles keep bursting into flames, while their customers get an 8 year warranty? The answer is no. They'd be toast within a year.
Moreover, then you also gotta look at Western EVs and see what the numbers are in total. How many are from improper use like overcharging vehicles etc.
And if these Chinese EVs are THAT bad, they would be using "safety concerns" in regards to EVs instead of adding 100% tariffs and "overcapacity". Moreover, you wouldn't have automaker CEOs like Elon Musk saying that Chinese EVs would demolish most of the competition if they weren't gonna become subject to tariffs.
And the CEO of Ford said that America needed time to catch up to Chinese EVs.
If Chinese EVs were that bad, Biden wouldn't have had to impose 100% tarriffs on them.
Videos by whom ?
What is the source,?
No face check just vids
when you can't compete with them, you ban them🤣🤣
The word “ban” doesn’t mean what you appear to think it means.
😂that cover image
There are a whole bunch of Americans interested in EVs that are waiting for the much touted Tesla model A that is still nowhere to be seen. Why wouldn't people wait for a cheaper EV?
Please explain to me how increasing tariffs on Chinese solar panels is a "border adjustment" (clue: Chinese PV plants run on ..... um ...solar energy)? By the way, China has the largest investment nd capacity in clean energy and electrified transport by far, literarily dwarfing the next larger countries in each sector.
I would like to see affordable gas to ev conversions instead of the push to replace everyone's cars. If I could find a mechanic to do it for me I would convert my car in a heartbeat, but it's not something anyone in my area is offering. All the kits I can find any info on are either all in EU or UK, or piece-meal mods with parts lists and a walkthrough to diy it.
I'm driving my car till the frame rots out cause the eco damage from new cars is worse than the gas emissions, but damn I would love to swap to charging at home overnight vs having to pit-stop at a freaking gas station once a week.
This is like RoboCop if the Old Man sided with Dick Jones and his EV-209.
4:40 My Tesla was made in Shanghai 🤨
BYD is currently less expensive per complete unit, though by all objective global testing less safe/efficient/integrated tech than Tesla.
The US can’t compete with the Chinese EVs, so slap 100% tariff! So much for “Free Trade” 😂😂😂
As if American auto-manufacturers didn't have enough subsidies and regulations and tariffs in their favor, it's time to take off the training wheels of America's Big Three and see if they are actually competitive, or if they're just incompetent tax-feeding corporate welfare cases.
What they are not talking about is the fact that Hybrid vehicles are by far the most popular. Which to me makes the most sense. But yet there seems to be a controlled ( gov) effort to try & stall & block this trend. I might be wrong, but that is what it seems like.
Attach crushing tariffs.
There are not enough charging stations, that is why people are not getting Eva’s more rapidly. My next car will be a EV , but I don’t need a car yet. And if I wait the cars will get more miles and more charging stations.
EVs are basically smartphone on wheels. No wonder China can make them cheaper and faster. lol
Why no one ever brings up the movie who killed the electric car goes in depth on how George Bush killed the electric car during 1990s or 2000 of cars is so much information missing from these conversations so much nuance
U.s make vehicles are cleaner...you got us there😂
Can Hyundai really compete? Their Ioniq 5 costs $60K, but a replacment battery costs $60K.
Toyota also doing the same.
There are none... There are a few....
Sam should go on H3 if he’s ever in LA and shun hasan
Chinese EV trucks are also taking off around the world. This in itself crushes Western EV vehicles, from international construction works (where a major part of the cost is the vehicles required for the work) where construction companies can bid with much lower vehicle costs compared to US and Western bidding companies.
It's amazing that until recently (as of this video), I've never heard of any talk about the Volvo producing EVS or hybrids.
Generally American Volvo drivers have a reputation for being more "Liberal."
We had used cars that were fairly well made and easy to work on. We used taxpayer money to annihilate those vehicles under a plan called “cash for clunkers.” People were literally pouring concrete into running engines because the perverse incentives created by the plan were so good. The steel likely went overseas for Chinese infrastructure and battleships and maybe even solar panel and EV plants.
This left slightly used and new vehicles in the U.S. market. Unlike those “clunkers”, these vehicles need to be financed. The same used vehicle can be resold a dozen times. Why would the finance industry give that up for EVs that cost less than a used vehicle? Why would the President from Delaware screw the banks headquartered in his home state?
We need to start looking at magnets.
I was taking this guy seriously until he started in with the "Tesla is not a car company it's a tech company."
It's true. Space X, energy X, brain implant.
I think he said that in jest.
9:55 Honda "😮😅...pffft broke bolt 🔩 off rim once 2002... Civic ha! Powder metal?! Jk
As I understand it Chinese EV's could never pass US crash safety laws.
EVs are a non-solution which are creating all new environmental problems. They are a way for governments and corporations to absolve themselves of responsibility.
Governments should be spending their dollars on building out public transport networks to remove cars from roads, not subsidising tax-avoiding corporations.
The US emits twice the CO2 per capita as China.
Off shoring manufacturing then subsidizing our own EV and charging infrastructure then tariffs on China for subsidizing their EV industry. I’m so confused.
Someone made tons of money.
Follow the money.
Well let’s go through it. What got off shored was. Or all products. The US did not offshore most heavy or high end manufacturing, just high labor cost low value as manufacturing, like textiles. Yes the US is subsidizing EV’s, but not to the same degree as China. China is also actively engaged in reducing consumer demand overall through a variety of tax’s and capital controls. US subsidies target consumer demand, Chinese subsidies are mostly aimed at production not consumption. So if you subsidize production but not consumption what do you create? A massive incentive to dumb products below the cost of production onto international markets.
So it's not about saving the world from climate change 😂😂😂
As an atomized US consumer, I would love to buy a better EV for one third to one fourth the price. Unfortunately it’s only situations like this when the capitalist govt wants us to not think like consumers.
US bosses always go for let the next idiot fix it. I will humbly see to my bonuses instead.
It is amazing that a lot of americans are making a case for China here.
Free markets!
@@nsbd90now are the markets free in china? The "hand" there is reigned by the CCP. Also over 10 BYD dealerships caught fire since 2021. It is a crappy product and besides they want to create a monopoly just like they did w factoring
It’s affordable,
The “Chicken Tax” is still alive and well. The U.S. is still punitively taxing foreign truck imports as a gift to U.S. car companies that continue to give us pricy gas guzzling truck that are prone to breakdowns.
I'm afraid of Chinese eevee's because of the chance of them catching fire is very great because I've seen many videos on it they don't make a quality safe product just start looking at their little electric scooters and how many of those have caught on fire and how dangerous they are and then magnify that by about 10 times for a Chinese electric car. So if you want to buy one good for you but please don't park near any of my property
Look up the Chicken tax and CAFE rules if you want to know the truth about American auto makers. They have been heavily protected and subsidized zombie companies for decades. Americans didn't swap their station wagons for huge SUVs and pickup trucks on accident. The big three haven't been competitive for 50 years.
Hit 50mph or more throw that EV in neutral, you'll see... Battery 🔋🔋🔋🔋🔋🔋 stays high
Good luck America, you know deep down that shutting your competitors out totally does not improve your situation whether economically or competitively in the domestic and international markets.
There are over 120 different EV companies in China it is mind boggling and new ones everyday
I have always been a big car lover all my life but now the cars I see that I want are made in China .
There just isn’t a domestically made EV that appeals to me .
You really only have Tesla and they were game changing when they first came out but they look the same today as they did 10 years ago the design is getting stale.
Their new Cyber Truck I find down right ugly and cheap and at over 100 grand will only appeal to some millionaire that needs another car to get noticed in .
The USA and Canada have both subsidizes their car industry with billions so no surprised that China does the same thing .
Personally I prefer buying a Chinese car that the Chinese government helps me to buy instead of buying domestic that has used my tax money .
Giving room to the auto industry to capture a market they ignored and held up for so long is a bad idea. Free market forces should allow the legacy auto industry to sort itself out on its own. Slowing the transition is not an option for the planet and the notion that China is more of a pollutant is utter nonsense. America is the world leader in that.
Irony BYD EV(s in Mexico... nobody can afford em there,!? ...
EV’s in poorer countries are much less expensive than wealthy ones. The safety standards, and comfort features are no where near as prevalent there. Cuts the price by 30-60%.
you can have the best EV car around but if you can't build them cheaply, like in China, you will go out of business ... its as simple as that!
Biden isn't scared, Elon Musk is.
Both are
*Will they ban that too if they don't sell it for americans?*
This conversation completely leaves out the reason Chinese EVs are so cheap. By their own official data domestic demand for EVs (and all consumer goods) has cratered in China and the entire EV industry has been pumped full of government cash and incentives for a decade. This isn’t China hawk perspective, this is by China’s own published reports. Excess inventory is already being dumped at rock bottom prices into the EU who are handcuffed by the fact that German cars enjoy much success in China and a trade war would be very complicated. Love you guys, left is best.
Chinese EVs cheaper- but not better
The why don’t US companies make cheap EV’s like China question misses the mark. If you have a highly government subsidized industry then no private company will be able to compete. It’s really that simple.
EVs haven't been subsidized by the Chinese government for some time now. The CCP actually deliberately stopped them to whittle down the oversaturated market in ~2017.
Also Tesla got hundreds of millions in subsidies for decades, so not really a "China's cheating, no fair!" situation.
US only make luxury cars, AWD and trucks. Profit margin too low on cheap cars. Biden loves inflation
Absolute fail that David didn't talk about batteries and magnets.
Whilst it IS important to switch to EVs... Just switching to EVs isn't sustainable. The FAR more important issue, is that we need a very significant reduction in car traffic. One part of that, being to get more public transit, prioritise it, make it better, more reliable, and more relevant (i.e. actually going to/from where people want to go), and with stops/stations that are easier to go to/from... but also, perhaps more importantly, make everywhere more walkable and cycleable, with most/all of what you _regularly_ need/want, being within walking/cycling distance.
Note that none of this would be terrible for drivers.
On the contrary, those who'd remain on the roads, would have a much nicer drive. When Waze collected driver satisfaction data, and checked the best place to drive, there is a reason why that turned out to be the Netherlands: The place that is best at prioritizing walking, cycling, and public transit.
Is this just a Tesla fanboy trying to sell us this as a good thing? I'm a fan sam but this guy blows
Very odd reason why
Cuz once you start using a 300 miles per charge @ 4$ vs 60$ ...of gas...OR MORE...FFS..
I've not missed that combustion caca ride since 2016😂❤🎉 oil pfffft, caveman crap⚖️⚡🚗☕🔌✍🏽💬🙃🕵🏽🫡😎