this post was submitted on 08 May 2024
172 points (92.6% liked)
Technology
59377 readers
4087 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Yeah, this is the Chinese government's go-to plan at this point: fund copycat industries, subsidize the crap out of them, and use those subsidies until there's a global monopoly share and a field of dead competitors that couldn't match the subsidies.
Cell phones, major appliance manufacturing, solar panels... If we didn't learn the lesson before EVs, that's on us.
That said, not a lot of sympathy for the US auto companies' complacency. They've known EVs were the future for years, and there's no reason we shouldn't have options at every price point.