This is a good use for the old battery packs but it’s not like you can just park the derelict car in your garage to power your home.
These packs will need to be processed and then resold as battery storage banks. This also ignores all the pollution created from producing these cars in the first place along with the pollution created from recycling the car only for them to be treated like disposable junk and tossed into the garbage after a couple years.
Give me a break. China has some of the most lax environmental regulations on the planet which is why all the nastiest shit on the planet is produced there. To pretend like they’re some bastion of environmental protection is laughable.
Yes, they are subsidizing green technology but this isn’t for the benefit of the people, it’s for the benefit of the government as they want the rest of the world to be reliant on them alone. About a decade ago they did this same exact thing with photovoltaics and put a ton of solar manufacturers out of business because nobody could compete with a pocketbook the size of the Chinese government’s.
In China, abandoned EVs are piling up all over the place. Can you point out what about this is good for the environment when EVs only begin to offset the pollution created from their production after they’ve been driven around for a few years?
https://www.bloomberg.com/features/2023-china-ev-graveyards/
A subsidy that applies to everyone in the market, not just the “home team.” That’s the difference between subsidies to entice consumers to buy EVs and subsidies to put your competitors out of business to the detriment of everyone but you.
This is obviously false as Tesla has their own battery factories and still can’t sell that cheap, Korea has Samsung and LG manufacturing batteries on a comparable scale and Hyundai/Kia can’t sell that cheap, Japan has (partnered with Tesla) Panasonic and can’t sell that cheap. China is heavily subsidizing these vehicles. You can’t sell an equivalent car for less than half the competition, tens of thousands of dollars cheaper, just because you happen to be vertically integrated in manufacturing a big part of the car.
Deflated thanks to the buying power of the US dollar. That’s just more US economic policy rebounding on itself.
Deflated because China is subsidizing these vehicles directly as they’re state owned companies. What are you even talking about with the buying power of the US dollar?
Domestic automakers are running enormous administrative overhead, thanks to their focus on stock buybacks and investment in kitsch features like AI. That, plus the high cost of computer chips created by the AI/Metaverse/Crypto bubble which is, itself, feeding into buybacks and other corporate accounting tricks to boost executive and board compensation.
Really? Let’s see some names and numbers. How much did Hyundai invest in the Metaverse and crypto. How much have they spent on stock buybacks? What about Toyota, VW, BMW, GM, Tesla, Honda, and MINI. What percentage of their overhead accounts for these investments exactly? This reads like incoherent ramblings of all the things you don’t like in the world but focused at car companies.
The real cost to produce for a new car (especially a small one) is fairly low and you can still turn a big profit on volume if you can outcompete American automakers on price.
So what’s the exact cost to produce a new car?
Thanks to decades of consolidation
Uh, what? Are you referring to the decades of 1900-1910? GM has owned their subsidiary brands for over 100 years along with Ford and Tesla is a relatively new company. What consolidation?
They command hundreds of billions of dollars in domestic capital. Its not like these are three smol beans fighting the Big Scary BYD. These are three of the wealthiest and most profitable businesses to ever exist on the planet.
And China commands hundreds of trillions of dollars, which is who automakers are really competing against.
Three of the wealthiest and most profitable businesses to ever exist on the planet? This is legitimately hilarious and so false. GM was bankrupt 15 years ago. Ford has had to survive on government loans which it wasn’t able to pay back until recently and both have a market cap of ~$50B. Tesla is an outlier as they’re valued extremely high for their financial situation and what they’ve produced thus far and most people agree that they’re a bubble waiting to burst. By what metric are they the most profitable and wealthiest?
Also, aside from all this ignorance, what’s your justification for the bulk of the US auto market, made up of foreign companies, selling their cars for the same prices as these three domestic companies?
Bruh, you’re literally defending a country who just made a bunch of people unwitting suicide bombers in a foreign country and injured thousands for political purposes. This is terrorism
Monopolies and free markets aren’t mutually exclusive concepts.
This guy is making the same argument that people do when they claim it’s impossible to make a phone waterproof while also having a removable battery even though these phones already existed and it’s a super basic solution. It’s just ignorance and loud opinions all around.
Yes.
From your tone, it sounds like you think that’s a bad thing, yet it also seems like you’re arguing for more of the same from China.
Because all those foreign manufacturers are already selling their vehicles here and for comparable prices to the tiny share of remaining US companies that still exist (GM, Ford, Tesla). If you think these high prices are just US companies being greedy, then how do you explain VW, Hyundai, Kia, Toyota, etc selling their cars for the same price?
It’s literally the most free market possible.
Along with European and Korean manufacturers, or pretty much every notable car manufacturer in the world. These people are claiming that every car company in existence is just greedy and trying to screw them over except for some altruistic Chinese state-owned companies because they can’t buy a brand new car for an unreasonably low price.
No you’re talking about licensing rules not crash safety standards. They’re completely different.
US companies are only a small fraction of the market here. The tariffs aren’t there to protect US companies, they’re there to protect US manufacturing and the US auto industry which is made up of mostly foreign brands.
Why don’t you buy a Bolt or Leaf if you want a 20k EV?
Those incentives don’t just apply to US companies only which is what China is doing with their state-owned companies.
The person who buys $100k cars isn’t going to be shopping in the $20k car market. This $20k EV already exists as the Nissan Leaf and it sells like shit because people don’t really want a stripped-down, barebones car. Teslas’ cheapest cars are twice the price and outsell it by several orders of magnitude.
We’re stopping China from selling cars here because they’re selling $50k cars for $20k which is a big problem for everyone but China.
There is logic to their argument. I think you just don’t understand the situation very well.
allowing local production to have a leg up while continuing their crappy business practices, like most US auto manufacturers.
What US manufacturers? There is only GM, Ford, and Tesla left. People are so ignorant of the market here while simultaneously telling us all “how it is” with their strong, uninformed opinions.
Those environmental benefits are lost when they’re built in a country with some of the most lax environmental laws in the world and then shipped halfway across the planet.
They also seem to be of questionable quality as in China, they have abandoned EVs piling up all over the place. There’s nothing good for the environment here.
https://www.bloomberg.com/features/2023-china-ev-graveyards/
Our tariffs aren’t there to protect local brands they protect every foreign brand in the US too which make up 2/3 of the market.