this post was submitted on 30 Jan 2024
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[–] Hypx@kbin.social 6 points 9 months ago (3 children)

It's the result of massive subsidies. When they stop, this market will crash like a house of cards.

[–] blazera@kbin.social 22 points 9 months ago (1 children)

Those bastards, subsidizing emissions reducing technologies.

[–] Hypx@kbin.social 7 points 9 months ago (1 children)

Not really. It's mainly about gaining market dominance on a technology they think is the future. They'll build them right next to the massive coal plant alongside a million other things they're subsidizing.

[–] blazera@kbin.social 7 points 9 months ago (2 children)

Even if its not some altruistic reasons, they still are literally subsidizing this emissions reducing technology.

Tho they are also going pretty ham on subsidizing renewable energy too.

[–] buzz86us@lemmy.world 3 points 9 months ago

And we could be doing the same if we ditch big oil subsidies.

[–] Hypx@kbin.social 3 points 9 months ago (1 children)

You won't be saying that once the market crashes. You'll realize that there are much better ways of spending that money. Like far more practical emissions reducing solutions.

[–] blazera@kbin.social 6 points 9 months ago (1 children)

How do subsidies=crash, and what are more effective emissions reductions solutions than renewable energy and electrifying transit?

[–] Hypx@kbin.social 4 points 9 months ago

You’re better off spending it on stuff like mass transit and the like. It won’t just all disappear at some point in the future.

[–] jackalope@lemmy.ml 12 points 9 months ago (1 children)

You could say the same thing about fossil fuels in the USA...

[–] agitatedpotato@lemmy.world 4 points 9 months ago (1 children)

Or all of the food in the USA. Imagine all agra subsidies stopped. Probably a bigger deal than a EV market disruption.

[–] buzz86us@lemmy.world 5 points 9 months ago

Well honestly we need to stop with corn subsidies. It is used far too much in our food system. Corn sugar just needs to stop.

[–] hansl@lemmy.world 2 points 9 months ago

Like their housing market right now.