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I saw that the cheapest Chinese electric car is $5000. I feel like the Chinese approach of hanging the capitalists with the rope they sell them is working. How can western companies compete with any of this, aside from hobbling themselves with economic nationalism? Barring nuclear war or catastrophic climate collapse, China and the global south will keep developing while the west falls further behind.
well they could do subsidies but won't because they are too stupid
They do massive subsidies, Tesla only ever made any money because of carbon credits! They're just trying to squeeze cash out of the consumers too. And it fucking works without an outside competitor
They do them but only in ways as allowed by the byzantine logic of EU bureacracy
The US has absolutely massive subsidies.
Ah but the US is not in the EU
Ok that's true I lost the thread of conversation. Hasn't Germany had some pretty lavish EV subsidies that they're only now phasing out?
Easy, they do tariffs and protectionism. This is how most of the emerging economy in the world during cold war managed to become successful regardless of their ideology (i.e Taiwan, South Korea, Singapore, Japan, etc.)
If the west is really a free market, most non Chinese companies would be wiped out