China’s electric vehicle industry received at least $231 billion in government subsidies and aid from 2009 through to the end of last year, even as the amount of support per vehicle has declined, according to a new research.
It’s not even close actually. The figures for China are so high because the government was giving the manufacturers of the batteries and cars direct subsidization. While also giving buyers tax breaks for purchasing.
Some of China’s EV makers still aren’t even profitable. But government support has ensured the cash flow needed to continue operating.
Yes, if you count the Oil industry subsidies along with the car subsidies. I think that’s fair since a big reason there are so many subsidies on Oil is to keep gas prices low for transportation
If you add up the subsidies in Europe and the US you’ll probably arrive at a similar figure.
It’s not even close actually. The figures for China are so high because the government was giving the manufacturers of the batteries and cars direct subsidization. While also giving buyers tax breaks for purchasing.
Some of China’s EV makers still aren’t even profitable. But government support has ensured the cash flow needed to continue operating.
or not but either way thats a lot of adding.
Yes, if you count the Oil industry subsidies along with the car subsidies. I think that’s fair since a big reason there are so many subsidies on Oil is to keep gas prices low for transportation