7 ms·

BYD (but not only) is heavily subsidised by chinese government. https://www.euronews.com/my-europe/2024/06/13/what-brussels-found-when-it-probed-chinese-subsid

BYD (but not only) is heavily subsidised by chinese government. https://www.euronews.com/my-europe/2024/06/13/what-brussels-found-when-it-probed-chinese-subsidies-and-electric-cars https://www.euronews.com/my-europe/2024/06/13/what-brussels-... https://www.ifw-kiel.de/publications/news/chinas-massive-subsidies-for-green-technologies/ https://www.ifw-kiel.de/publications/news/chinas-massive-sub...

acdha 2y ago
Sure, but they’re hardly the only manufacturer for whom that’s true (e.g. Tesla) and from a consumer’s perspective they might care more about their personal budget. Moreover, if we’re going to avert trillions in annual GDP losses due to climate change subsidizing electrification seems like a good idea.
- grecy 2y ago
  How are Tesla subsidized by the government?
  - acdha 2y ago
    You know that $7,500 tax credit people got for buying their products? That’s the most obvious one but the bigger one is the carbon regulatory credits: governments require other car manufacturers to buy credits to offset their high-pollution vehicles, and since Tesla doesn’t make any of those they can sell something like half a billion dollars of them per quarter as pure profit. This has been most of their profitability in some quarters.
    - grecy 2y ago
      > You know that $7,500 tax credit people got for buying their products? That’s the most obvious one The same tax credit applies to qualifying vehicles bought from any automaker. This has nothing to do with Tesla. > the bigger one is the carbon regulatory credits Again, every qualifying automaker can do exactly the same thing.
slaw 2y ago
> China gave BYD $3.7 billion to ‘win’ the EV race. That amounts to $1k per vehicle, way less than EU or US subsidies. https://electrek.co/2024/04/12/china-gave-byd-an-incredible-3-7-billion-to-win-the-ev-race/ https://electrek.co/2024/04/12/china-gave-byd-an-incredible-...

acdha 2y ago

Sure, but they’re hardly the only manufacturer for whom that’s true (e.g. Tesla) and from a consumer’s perspective they might care more about their personal budget. Moreover, if we’re going to avert trillions in annual GDP losses due to climate change subsidizing electrification seems like a good idea.

grecy 2y ago
How are Tesla subsidized by the government?
- acdha 2y ago
  You know that $7,500 tax credit people got for buying their products? That’s the most obvious one but the bigger one is the carbon regulatory credits: governments require other car manufacturers to buy credits to offset their high-pollution vehicles, and since Tesla doesn’t make any of those they can sell something like half a billion dollars of them per quarter as pure profit. This has been most of their profitability in some quarters.
  - grecy 2y ago
    > You know that $7,500 tax credit people got for buying their products? That’s the most obvious one The same tax credit applies to qualifying vehicles bought from any automaker. This has nothing to do with Tesla. > the bigger one is the carbon regulatory credits Again, every qualifying automaker can do exactly the same thing.

slaw 2y ago

> China gave BYD $3.7 billion to ‘win’ the EV race. That amounts to $1k per vehicle, way less than EU or US subsidies. https://electrek.co/2024/04/12/china-gave-byd-an-incredible-3-7-billion-to-win-the-ev-race/ https://electrek.co/2024/04/12/china-gave-byd-an-incredible-...