Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! BYD news has been flying in. Here are a few more stories. BYD Seal Wins Prestigious Japan Car of the Year Award BYD is on a roll, but even with that said, I was ... [continued]
For the EU, car manufacturing is 7% of the GDP, so of course where they can’t compete they think to stifle their rivals. For the US though, it’s only 3%, so I don’t think it’s beneficial at all, not even through blinkered lenses, they just want to maintain an illusion of dominance, which is a shame as these tariffs both in Europe and the US come at the cost of progress.
I’m surprised, but it checks out with a quick check:
https://www.statista.com/statistics/1128973/revenue-motor-vehicle-manufacturing-european-union/
https://en.wikipedia.org/wiki/Economy_of_the_European_Union
So although the numbers are not the same year, it’s just below 7% comparing 2 years apart. So close enough IMO.
Teamwork is the dream work!
😋
Who’s “they” and what companies are you even referring to here? The US only has 3 remaining domestic companies, GM, Ford, and Tesla while the rest here are foreign companies like Honda, Toyota, Kia, etc. You’re telling me that every major auto manufacturer in the world outside of China is being held back from progress due to some tariffs in two markets? That’s quite the claim.
What’s the cost to progress when these Chinese EVs that sell way below cost put all those other manufacturers out of business? You’re demanding a monopoly under the guise of increased innovation. Monopolies stifle innovation.
GM and Ford. You know GM who were given money to invest in EV R&D and instead did a stock buy back
They were given money to help convert their factories to EV production and haven’t done any stock buybacks since that money was granted. Seems like you’re confused about the details.
https://electrek.co/2024/06/14/gm-had-6-billion-to-spend-on-next-gen-evs-chose-stock-buybacks-opinion/
Nothing here contradicts what I said.