Chinese EV makers won’t get subsidies from Mexico after US pressure
Chinese EV makers won’t get subsidies from Mexico after US pressure
Mexico has offered generous incentives for automakers in the past.
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At this point, with such low price points producing comparable quality, Chinese EVs don't need international subsidies to be able to expand their manufacturing.
It's still cheaper to buy imported Chinese EVs even with tariffs than to buy domestic EVs in most, if not all, countries.
Why don't other countries just lower their prices if they want to compete?
The Chinese government subsidizes their domestic car manufacturing industry to an insane degree. Regular capitalism can't compete.
What are you talking about?
Capitalists love their subsidies. Just look at the semiconductor industry.