Strange that nobody complained when Tesla got the subsidies.
Germany also subsidies it’s car makers.
I don’t agree with subsidies long term, but car manufacturing is not an industry that anyone can start up. It needs capital. Governments can provide that, at least initially.
And if government is going to supply capital, I’m happy to get a cheaper product that is paid by another government. In this case byd is providing the needed competition. Without them Tesla were outgrowing everyone, thanks to previous market distortion. It’s just sour grapes at this point.
Strange that nobody complained when Tesla got the subsidies.
Germany also subsidies it’s car makers.
I don’t agree with subsidies long term, but car manufacturing is not an industry that anyone can start up. It needs capital. Governments can provide that, at least initially.
And if government is going to supply capital, I’m happy to get a cheaper product that is paid by another government. In this case byd is providing the needed competition. Without them Tesla were outgrowing everyone, thanks to previous market distortion. It’s just sour grapes at this point.