> But thats also an admittance that the American labs can’t compete on merit anymore
This is exactly it.
Try to buy a BYD in the United States. You can't (without a complicated process) because they're so much better cars than our domestic brands that our domestic brands couldn't compete and lobbied to keep them out.
> should by itself also limit the viability of the idea that all those VC billions will ever make a return?
It just has to last until the next quarter / fundraising round.
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> because they're so much better cars than our domestic brands
Is that objectively true? True after factoring in harms they do to human rights and the environment?
Nope.
https://www.theguardian.com/global-development/2026/may/12/c...
https://www.amnesty.org/en/latest/news/2024/10/human-rights-...
Remember, even EU despite claiming to be morally superior to the US, heavily tariffs BYD (much more than the tariffs that the globe mocks Trump for). https://thenextweb.com/news/byd-rejects-hungary-environmenta...
I can understand (not necessarily defend) protectionism for products with nonzero manufacturing cost and some required physical size and such.
I am befuddled when the same policies are applied to products with marginally zero manufacturing cost, no real physical size, and such. Regulating ideas is hard folks.