Comment by mattmaroon a day ago
China subsidizes EV manufacturers. Non-Chinese manufacturers can’t compete with the companies that get tons of free money from their government and go out business. Now only China makes EVs, so they can raise prices.
That’s the plan.
> Sure, but if they raise prices, then US manufacturing becomes more competitive again.
Manufacturing isn't something you can just turn on like a computer program. It takes time develop the infrastructure, talented labor and product designs. For something like cars we're talking about many years. It took China decades of concerted effort and heavy subsidies to get where they are now. Without subsidies, starting this process takes even longer and may even be impossible.
Accordingly, if you already have this industrial capacity it would be mind blisteringly moronic to let it slip away from you. What can be destroyed in a few years will take many more years to build back, and won't be built back at all unless you reverse the moronic policies that let it get away from you in the first place.
Sure, but if they raise prices, then US manufacturing becomes more competitive again.
Even if the US lost capacity to build, EVs arent such advanced technology that manufacturing couldn't return if the conditions were right.