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Stellantis CEO says Chinese EVs are ‘possibly the biggest risk’ facing his carmaker and Tesla
(finance.yahoo.com)
this post was submitted on 20 Feb 2024
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They are, EU governments give incentives and tax reductions to all EVs. That way all benefit equally, disregarding where the car was made, but EU is NOT subsidizing manufacturers illegally.
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 have a steep tax added.
Of the 3 biggest markets in the world, only EU is playing fair. But all have EV incentives.
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.)
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.
Hard to not look better than a manufacturer with a self-centered facist at the top
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.
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.