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World News@lemmy.worldEnglish · 3 days ago

The world's carmakers are struggling to compete with China

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The world's carmakers are struggling to compete with China

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World News@lemmy.worldEnglish · 3 days ago

The BBC visited China’s EV factories and found they are dominating the ecosystems shaping the global auto industry.

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boonhet@sopuli.xyz
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1 day ago
Then why does nobody else do it? Why doesn’t Germany pay their manufacturers for every car built?

Nobody except for the world’s biggest economy can afford to literally subsidize manufacturing of luxury goods for overseas markets.
- AA5B@lemmy.world
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  21 hours ago
  https://www.gtai.de/en/invest/investment-guide/incentive-programs-in-germany
  
  https://www.bundesbank.de/resource/blob/706050/925ab0ad3bac1c21abdf12909087f483/mL/2000-12-subsidy-trends-data.pdf
  
  For the us, there was a combination of
  
  lots of research support
  
  loans and grants to retool factories
  
  developing a stable market through consumer incentives
  
  growing the market by investing in high speed charging along highways

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