Well, the trade war is also a factor, but what I’m saying is that Chinese government policy is what’s keeping EV manufacturers from selling abroad. The EV supply chain has gotten so robust and cost-efficient in China that the government has to bribe manufacturers to focus their efforts on the domestic market instead of just eating the cake of everyone else.
Those cost efficiencies are also at the expense of the Chinese government. The massive investment is all part of their green revolution policy package.
It’s why Solar cells are also incredibly cheap to produce in China, and why they’re also mostly sold in China.
Well, the trade war is also a factor, but what I’m saying is that Chinese government policy is what’s keeping EV manufacturers from selling abroad. The EV supply chain has gotten so robust and cost-efficient in China that the government has to bribe manufacturers to focus their efforts on the domestic market instead of just eating the cake of everyone else.
Those cost efficiencies are also at the expense of the Chinese government. The massive investment is all part of their green revolution policy package.
It’s why Solar cells are also incredibly cheap to produce in China, and why they’re also mostly sold in China.