Stellantis CEO says Chinese EVs are ‘possibly the biggest risk’ facing his carmaker and Tesla::The owner of the Dodge, Jeep, and Chrysler brands aims to take on Chinese EVs while avoiding a “race to the bottom.”
Stellantis CEO says Chinese EVs are ‘possibly the biggest risk’ facing his carmaker and Tesla::The owner of the Dodge, Jeep, and Chrysler brands aims to take on Chinese EVs while avoiding a “race to the bottom.”
The argument is that it is NOT a free market, because the Chinese cars are government subsidized. A Government subsidized company is not part of a free market.
Well frankly Western governments should also be subsidizing electric car production. If they actually want to move towards net zero, like they claim, it would be reasonable to expect them to actually do something to encourage greener technologies. Currently all they’ve done is said that they like it very much, and oh look let’s build one or two wind farms.
No, EU governments give incentives and tax reductions to all EVs. That way all benefit equally, disregarding where the car was made.
USA also has anti competitive regulation like China, but in USA you only get the benefits for cars made in USA, on top of that EV cars from China has a steep tax added.
Of the 3 biggest markets in the world, only EU is playing fair. But all have EV incentives.
Once China stops committing genocide and constantly threatening to take over other countries by force I’ll start caring about giving them equal tax breaks.
Absolutely, I agree XI is as dangerous as Putin IMO, and we shouldn’t grant China any favors.
Even in Europe Chinese cars are more popular because they’re affordable.
Also, electric cars such as Polestar (Volvo’s EV brand, also Chinese these days) look much better than Tesla’s.
Obviously, since they have the benefit of EU incentives that benefit all, and Chinese subsidies that only benefit manufacturing in China.
So I don’t know what you mean by “Even in Europe”?
That doesn’t mean EU should subsidize illegally and against general EU policy. Instead they are investigating if China production needs to have an import tax. Which is the correct way to handle this.
There is no “fair” under capitalism. What I read from this is that the EU has failed its citizens on promoting and helping regional brands to compete on the global market.
When the global market speaks, you can either adapt or do nothing and complain. It’s clear which one is the path the EU is choosing.
Stellantis is mostly European, it’s FIAT and Peugot with their other brands. I’m fairly certain they get enough subsidies and tax breaks. That this Italian/American/French company is registered in the Netherlands shows that some tax-dodging is involved as well. I think it’s a case of the pot calling the kettle black.
(Also, Volkswagen Group is the bigger European car manufacturer.)
How many billions did this not founding member of Tesla did he get from government again?
so like tesla?
Yes. Absolutely, which makes it weird that Stellantis feel they need to warn Tesla, when they are very much beneficiaries in both USA and China.
And all the other US manufacturers.
But go figure wen china do the same is bad .
Yes it is bad when those subsidies reduce the price of the car (or any other product) to half of what the competition is charging. This puts the competition out of business and gives consumers less options. Once the competition is gone, the price shoots up past what it would be initially because we have no other option. They’ve done this countless times in many industries.
Capitalists suddenly stop loving corporate welfare when they aren’t the ones benefitting from it.
Isn’t that what the tax credits are?
That said, it’s entirely reasonable for a country to levy tariffs on another country’s goods to support their own industries. Other countries do that to America.