alt Hacker NewsMeanwhile Ford’s CEO said that if Chinese EVs are allowed into USA it will destroy the US automakers.
He is not even hiding the fact US automakers make a more expensive inferior product, but that US consumers should not be allowed have the superior one.
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Well, the UK no longer has a domestic auto industry
Or at least to have the inferior product at a lower price.
Meanwhile China does hide the fact that they block superior competition of various foreign services via the Great Firewall
No, its because the Chinese subsidize the costs of those cars. Say I live in a country that will pay me $50k to build a car. It costs me say, $55K to build the car which I now sell for $60K. How you do you, in a country that pays you nothing to build cars, compete? This is an extreme example but its what is happening here (just will different and smaller numbers).
> Ford’s CEO said that if Chinese EVs are allowed into USA it will destroy the US automakers
I'm a strong advocate for giving Chinese EVs an import quota per manufacturer (with a 1.5mm-unit annual cap on total Chinese EV imports, downgradable to 1mm in a recession, representing about 10% of demand).
This gives American consumers–and designers–access to and a taste for what the competition is doing. But it preserves a moat for our own producers.