Senate Banking Committee chair called Chinese EVs an "existential threat" to the US motor industry.

Senate Banking Committee chair called Chinese EVs an “existential threat” to the US motor industry.

Archived version: https://archive.ph/4RY84

  • astraeus@programming.dev
    0·
    4 months ago

    Yeah this whole subsidize, too big to fail horseshit was status quo fifteen years ago but Stellantis isn’t even an American company. Let the Jeep factory shutter, stop giving into their demands for government fuel. Dry them up, let them go down. If they can’t survive without the subsidies, better more effective companies will.

    • PaddleMaster@beehaw.org
      0·
      4 months ago

      International competition is really amazing, it can drive innovation and make governments spend a ton of money on good things for society. It’s probably one of the biggest pros.

      But the US banning Chinese products (more than just cars) only delays the inevitable. China is producing cheaper products. Are they better? I can’t really answer that, since I don’t know. But I’d be willing to buy a Chinese EV. US auto industry would collapse if China was allowed to enter and honestly, we deserve it.

      The US is going to go through a strange and difficult transition when we are no longer the world leader on R&D.