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Trump is bankrupting Americans and America so they can install a technocratic dictatorship
Why do we only blame trump?
There's bi-partisan support for making sure China can't sell its EVs in the US, even though they cost $15k and have 300km range.
Meanwhile we have dumbasses buying teslas saying "they didn't get ripped off."
Of course part of the reason those Chinese EVs only cost 15k is because China heavily subsidized their EV market. Basically they did what the Americans and Europeans didn't have the guts to do and poured boatloads of government money into a brand new sector to give their companies a leg up while they ramped up. Guess what's going to happen next?
These companies have all of the knowledge that making multiple generations of EVs brings you, they have all of the tooling already, they can now start expanding into more markets and start making it really difficult for competition to compete because the competition put in only the effort that they had the financial incentive to put into EVs and therefore they're not ready to compete at all. The rest of the world basically ceded this entire industry to China because politicians were too heavily bought and paid for by the oil companies to do more than a pittance, and now the auto market is about to be heavily shaken up