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alephnerdtoday at 3:38 PM0 repliesview on HN

While Germany should invest in EVs and Green Energy, that alone isn't blocking German economic growth.

Almost all German exports have seen a precipitous drop [0]. EV exports wouldn't have helped given that Germany's two largest trading partners (the US and China) both enacted trade barriers against foreign exporters.

When the US enacted the IRA under Biden, a large portion of Germany Inc shifted to the US [1], but the German government and EU decided not to enact subsidies [2].

Similarly, China demanded JVs for German manufacturing companies to enter the Chinese market, which Volkswagen (with SAIC), Siemens (with SEPG), Mercedes Benz (with BAIC), and others manufacturers complied with.

Germany's economy was hollowed out because Germany Inc decided to shift capacity to it's two largest unified markets.

It's not like the PRC nor the US are allowing German EV exports already - for example, all of VW's ID4s sold in the US and China are being manufactured in Tennessee and Shanghai respectively.

This is why the EU has been pushing for a "rules based order", becuase otherwise individual EU states lack export markets.

[0] - https://oec.world/en/profile/country/deu#yearly-trade

[1] - https://www.ifo.de/DocDL/EconPol-PolicyReport_41_1.pdf

[2] - https://www.cnbc.com/amp/2023/02/14/biden-ira-germany-rules-...