alt Hacker NewsUmm not when the adversary is using heavy government subsidies to undercut prices and essentially take over the industry. Look at what’s happening to the European car industry, with more job losses planned by VW just this week
Replies
_aavaa_ • today at 8:17 PM
This is a tired argument. When China does it it’s subsidies, when other countries do it it’s called industrial policy.
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bryanlarsen • today at 8:54 PM
Effective Chinese subsidy per vehicle is lower than the $7000 per vehicle the US had in place.
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gonzalohm • today at 8:36 PM
Isn't that the market strategy of silicon valley companies? Sell at a loss, capture the whole market and then inflate prices
antonvs • today at 9:10 PM
Why does it matter whether the subsidies come from a government, from venture capitalists, or from private equity?
This argument doesn't stand up to much scrutiny.
- The Polestar vehicles most recently banned are made in Charleston SC
- Fossil fuel industries in the US receive huge subsidies
- Non-Chinese brands (Hyundai/ Kia) produce models with similar pricing