The European Union voted on Friday to impose tariffs as high as 45% on electric vehicles from China, threatening a broader trade conflict with Beijing which has already vowed to protect its companies.
Yeah I find it a ridiculous parallel I recently saw an article that put a number on Chinese EV subsidies and it seemed extremely low compared to the barrels of money we’ve been giving the oil companies.
Meaning that we would either have to increase tax rates or borrow more money? Wow, what a great solution.
Or not subsidize oil and gas to the tune of ~$20 billion/yr and corn at $2.2 billion/yr and redirect that towards EVs.
Yeah I find it a ridiculous parallel I recently saw an article that put a number on Chinese EV subsidies and it seemed extremely low compared to the barrels of money we’ve been giving the oil companies.