this post was submitted on 01 Sep 2024
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Electric Vehicles

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[–] Zipitydew@sh.itjust.works 8 points 2 months ago

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.