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*Larry Burkett's book on "Giving and Tithing" drew me closer to God and helped my spirituality. 2020 was a year I literally lived it. I cashed in my life savings and gave it all away. My total giving amounted to 40,000 dollars. Everyone thought I was delusional. Today, 1 receive 85,000 dollars every two months. I have a property in Calabasas, CA, and travel a lot. God has promoted me more than once and opened doors for me to live beyond my dreams. God kept to his promises to and for me*
It is the digital market. That's been the secret to this wealth transfer. A lot of folks in the US and abroad are getting so much from it, God has been good to my household Thank you Jesus
From $37K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.
Yes!!! That's exactly his name (Alex Robert) so many people have recommended highly about him and am I just starting with him from Brisbane Australia 🇦🇺
Unfortunately, Trump's VP wants to shift EV subsidies to ICE vehicles. Read that again...SUBSIDIES FOR INTERNAL COMBUSTION VEHICLES! How is this in any world good for Tesla?
Shhh, you're going against the narrative. The Right needs the campaign dollars from Oil companies, and they will only get them if they keep the fossile fuel subsidies in place. I don't hear many people talking about that though because, you know, facts hurt feelings I guess? Thank you for being brave enough to speak truth.
You're absolutely right about your tax money being sucked up. the difference is, at least we get something in return. Otherwise they just bail out more banks, and start more wars. With the subsidies, we get clean air, a path to make electric vehicles practical, right now they're just not. And as much as everyone loves Elon musk, most people I know who brought Tesla's are fed up with it. In the Chicago area they just don't work in the cold weather. And the people that have bought them, most mostly have garages, they can actually charge them. We're running out of those people, that have garages and want an electric car. The subsidies, are going to allow the electric car companies to come up with a car that actually works in the winter time, charges within 5 minutes or some variation that makes them worthwhile. There's a reason why so many people are against electric cars, they're just not practical as of now. I'll be the first to say they have a lot of advantages, speed, clean air, smoothness etc. Rest assured, the Chinese are subsidizing and they are innovating faster than Tesla. Tesla was ahead of them two years ago, they've now passed Tesla. They didn't do this for the free market, they did this from subsidies from the Chinese government
Also, "Ramez Naam" his charts are interesting. And Ramez admits that he was wrong with his predictions, despite his predictions were already considered crazy. Similar like Tony Seba and Auke Hoekstra.
I have to push back on your thesis here SMR. Tesla does “NOT” make an “affordable” car for the masses. “The masses” are driving used vehicles. Long term, a Tesla is certainly on- par/ better than an ICE vehicle. However, it’s like trying to buy a house in this current market. It’s the “UPFRONT” money that makes it so difficult (Tesla/ house). An average interest rate on a car loan with average credit is around 8%- 10%. On $30k- $40k??? Can’t make that claim until Model 2…/ Robotaxis
I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Catherine has been an amazing experience.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications catherine . She's helped grow my reserve notwithstanding inflation, from $275k to $850K.
This is correct, (Adriana Catherine )strategy has normalized winning trades for me also, and it's a huge milestone for me looking back to how it all started..
I really hope a Anchor call him out for his claim that Elon is a white supremacist. and hes suppose to be a Fiduciary for investors lmfao. when does he get his stupid ass sued
Many saying Tesla is still underperforming in sales despite the 0% financing they offer, proving it is not intrest rates that slow the sales. But they forget higher intrest rates affect the total cost of living with customers puting off their car purchase untill life becomes more affordable.
@ks-jk3lr Life is affordable, but people think ultra low interest rates and inflation is normal.....which it isn't for long periods of time. People got themselves in too much debt when interest rates were low and this kind of purchasing was a mistake. People were buying cars that was the size of their rent. Car sales are lower all around... EVs or ICE, it is just a sales cycle.
@@themonsterunderyourbed9408 Sorry Mate... .the USA doesn't have 400% inflation on food and it should be noted that food prices are dropping in the USA.
@@BrunoHeggli-zp3nl Oh! YOU again, the Elon- and Tesla-hater! As JohnSmith said it, Elon said that a few times... and he means what he says. he can be wrong, but he doesn't lie! BTW, your name sounds very much Swiss... which, if my guess is true, would make me very ashamed of my compatriot!
Tesla is dominating the industry with its systematic innovation. It's not just a car maker but a world-leading innovation factory fending off competition from Chinese manufacturers. What's not to love? Fyi, the “Teflon Don” will win it without a doubt.
That's so will be put out of business by the Chinese. They're not even close competition. Tesla stock is based on an extreme amount of growth, you take the subsidies away you take the pie that Tesla can get away. Tesla, is building a much better product when it comes to electric vehicles in GM and Ford. If you shrink that pie, GM and Ford are not going to get us hurt as much as Tesla.
@@Joedisney "That's so will be put out of business by the Chinese. They're not even close competition. " Not even close? Are you serious? Tesla is a leader in China as well. "Tesla stock is based on an extreme amount of growth, you take the subsidies away you take the pie that Tesla can get away. " Incorrect. Tesla does not need subsidies in order to grow. "Tesla, is building a much better product when it comes to electric vehicles in GM and Ford. If you shrink that pie, GM and Ford are not going to get us hurt as much as Tesla." The companies that can't produce EVs with profit won't get hurt? Meanwhile the most successful manufacturer in the world will? Are you trolling?
It is merely a troll. Anyone with basic common sense can see that it's not a car company, so all the comments about GM and Ford are irrelevant. Tesla's mission is not to compete against other EV makers. Although EV sales are currently its primary source of funding to accelerate the mission, energy storage deployment, and energy arbitration are increasingly becoming key parts of that revenue. Overall, Tesla's mission is to accelerate the world's transition to sustainable energy, and that includes more than just EVs or energy storage deployment.
I love myself but I still don’t like green juice mixed with whatever they put in it to make it sweet. I miss you saying,”I love you all” and remember WAY BACK when “I read every comment”?? But mostly I’m glad you never ask us to like and subscribe and you don’t say without further adieu
Elon is not 'overly' worried about labor costs, in two years. So he 100% knows that Tesla can drop their price by 50% and still add 20% to profit margin... it is 8th grade math... which he learned when he was 2 years old.
If you call investing billions over decades in all aspects of industry including infrastructure then selling products at lower prices because their wages started at 10% of those of the US but are now tripled to 30% of the US, raising 800m people out of poverty but still making a profit (and having better comparative living standards due to that infrastructure).... If you call THAT "subsidising".... Yeah, they "subsidise" . (I forgot the education..... Which also benefits USA as a ton of students and researchers improve US standards..... Those guys are REALLY smart! That's until the growing "McCarthy like" sinophobia really kicks in and they all leave.... Not long now)
@@rogerstarkey5390 China also has massive debt, overcapacity, and malinvestment, especially in the real estate sector. Industrial policy seems good on the surface, but there are unintended consequences. As for profits, Chinese accounting is rather opaque.
Your "Mental Gymnastics ' over the colletive topics of Subsidies (EV AND fossil!), "China bad", (or not?), tariffs, EV material supply, and other topics are going to be something to behold over the coming months..... May need popcorn.
Nah, it'll be simple. Free-thinking SMR just always agrees with Elon and right-wing talking heads, even if they're contradicting each other and themselves and him he still agrees.
I don't think that Trump can unilaterally eliminate the subsidy, since it was a Congressional Act. The Republicans would have to take control of both Houses, to repeal the act.
"I think this will just slow down adoption…." No. It won't. "with car companies cutting down on their EV production" Only the bad ones. "gives less choices…and not everyone wants a Tesla " If the car is better than the alternatives they do want one.
@@darylfoster7944 If you have expensive insurance it's because your insurance company is crooked and in bed with ICE makers and big oil. My 2018 Model 3 costs the same to insure as a 2013 Toyota Corolla.
I don’t agree, USD$7,500 makes a big difference to a lot of people. A lot of buyers would delay or make different purchasing decision. Elon has always stated he was pro removal of the rebate but only if Fossil Fuels rebates that are 30 times greater than electric car rebate. We’re also removed
Not 30 times greater. Fossil fuel subsidies are about $20B in the U.S. If every BEV sold received $7500, that would be about $9B, and that doesn't include hybrids.
It's not like they get a check for 7500$. It's a tax credit... As in the government will credit them 7500$ in taxes for that year. If you would only have paid 5000$ in taxes, then you only get 5000$ tax credit.
@@themonsterunderyourbed9408 as a single person, you only have to make $71k to owe $7500 in taxes. That's probably the demographic of a typical Tesla buyer. People who make $30-40k don't buy a Tesla.
If SMR wasn't so aligned with Elon on everything he says, he would make a video on how hypocritical the new VP nominee is for flipping his stance on Trump from the worst thing ever to running for him
Something that shouldn't be glossed over is that over 50% of vehicles sold in China were EV, but that also is supported by massive subsidies. The goal of Elon (while I understand his position) isn't to have Tesla be a successful business, it's to accelerate the world to sustainable energy, and subsidies help with that. Why doesn't he constantly harp on subsidies to the oil industry? He obviously isn't afraid of making enemies. And you can't say that a blanket statement about all subsidies is a strong counter argument to EV vs Oil subsidies.
It's funny that when a democrat lies, it will never be forgotten or taken with a grain of salt, while the republican lies, including those about evs, are ignored
Right, if the system is rigged against the Republicans, why is SCOTUS controlled by corrupt Republican judges, why did a recent Trump appointee just throw out the documents case against Trump in Florida... Republicans are controlling everything except Democrat votes. That's when they whine about stolen elections.
But regarding politics (either side sucks imho), which one pulled USA out of the Paris agreement, stating that windturbines causing cancer?? No. Elon should stayed neutral.
Agreed. Trump has vowed to put an end to all land leases for win power, they will do everything they can to block renewable energy. When you call the Biden administration, corrupt, because they cater to the UAW, that is like child’s play compared to what the Trump people do for the trillion dollar , fossil fuel industry. stephen if you are a man of fairness, please address this issue. Please defend giving Trump and his followers the power to do this, and how that benefits anybody. I don’t think you can, I don’t think Elon can, and that’s where I agree with this post, he should stay out of it and continue to do what he does best, which is not politics.
1. The Paris Agreement (and every summit that went before it) has - in reality - achieved nothing. These sorts of initiatives are little more than "hot air" (pardon the pun), and are opportunities for political leaders to give the appearance that they care about something. It's theatre... and is never going to result in lowering carbon emissions. 2. I agree that Trump pulling out of the Accord was a bad political move... The USA has more meaningful influence by being part of these initiatives, even though (as I say) these initiatives are almost 100% ineffective. 3. As the relationship between Trump and Musk develops (and remember - it's 8 years since Elon served on Trump's ill-fated industrial forum), I believe Musk will have significant influence on the Trump administration's policies on economics, business development, employment and environmental awareness. Elon is significantly more powerful today than he was 8 years ago. Trump will be more inclined to listen to Musk, and we may see some surprising u-turns compared to Trump's initial presidency.
@@bigdukesix7580 I'm not a huge fan (pun absolutely intended), but they do have some value. Just not as much as people want us to think, and also not much without being part of a system with baseline power and power storage.
I remember when flat screen tvs cast a couple thousand. Last week I went to BJ’s wholesale club and they were selling an 85 inch flat screen 4k TV for $800. Incredible deal! EV’s will be better and cheaper than ICE cars. A few years ago you’d have to drop $100k for an EV. Now you can buy one for $35k. A $25k EV may be closer than we all think. The free market should be the dictator but I’m willing to bet the consumer will chose the safest, most affordable and cool looking car. Tesla will be the only option despite the fear mongering of competition.
Yeah but that 800$4k TV probably has crap refresh rate and terrible ghosting making it nearly useless for gaming or watching sports/fast moving pictures. Pixel count isn't everything. You're getting caught in the marketing gimmicks.
Establishing a new industry does require government assistance in the early stages especially for the Legacy manufacturers who have invested infrastructure
I agree Americans should have a choice without tariffs. I think you missed that China tariffs very heavily against importing vehicles ands goods. United States will just equal the terrace placed on our goods shipped to China. By equaling their tariffs, China may reduce their tariffs on USA imported items to level the playing field. Agree ?
China *responds* to tariffs. What you're missing is ... If USA imposes "100" or whatever, China will say "no problem" and start building factories in countries in the BRICS collective.... They will sell every car they build (PLUS the components, etc). Meanwhile , USA? When (if) Legacy starts building EVs, they need raw material, and who controls that? Oops? Here's where you say "we can ramp".... But (like it or not) the brain power in the industry comes from.... Guess where? And the industrial volume? . So there's a dilemma, USA needs China..... But there's a Geopolitical issue of the "Belt and Road/ BRICS" expansion eating your luch., and it's going to continue. (THIS is what the whole Taiwan/ Philippines debacle is about btw) BRICS is going to become the predominant trade bloc while at the same time G7 is failing. Why is there a call to expand "NATO" (Which would normally longer be "NATO"?) Research BRICS and you'll see that soon they will have countries lining the Red Sea, both sides. Southern side of the Mediterranean? (North Africa... All the way to Morocco. That's the Suez Canal Trade route. The majority of Africa. The majority of Central and South America. . "Winning" . And you'll have an "Aggressive" Administration. . Are they going to allow China in and JOIN the Trade group, or look for "conflict"? . Discuss.
The EV subsidies were instituted to help legacy auto (the union) catch up with China/Tesla. Tesla just pulled an Uno Reverse and played the system. Interest rate increases and inflation have created a HUGE headwind against Tesla but they are still turning a profit.
@@darylfoster7944 First off it originally went to the manufacturer as it did last year. Secondly, yes it does. It artificially allows for higher prices. If Tesla did not take advantage of the subsidy then they would make less per car. Legacy gets to have higher prices because of the subsidy...they just cannot be profitable and the "plan" was a complete failure. Removing the subsidy will just make them go bankrupt faster. The majority of the market will go EV over the long term and that is happening. It is inevitable due to the price of batteries dropping.
@@ThePuttercross the EV credit from the inflation Creation Act never went to the manufacturer. The only difference between last year and this year is that the consumer can get the money immediately instead of waiting until next year for a tax refund.
@@darylfoster7944 It all goes back to the manufacturers because they are able to sell there vehicles for more. Again, this was all orchestrated by government officials that did not understand the market or what they were doing and Tesla took advantage of it more than others.
SMR: While I agree that in an ideal world there should be NO subsidies, in the real world, China subsidizes their EV makers, subsidizes their battery manufacturers, and subsidizes their lithium refiners. China’s subsidies and their regulations are the reason that 50% of their cars sold are EVs. If we don’t subsidize our car manufacturers, then our car manufacturers are at a competitive disadvantage.
SMR: while true that EV tax credits are not necessary, they will accelerate the transition to sustainable energy. Accelerating the transition to sustainable energy will decrease the number of people that die from Global Warming.
Only 3 F-bombs today SMR! Great job!! Now see if you can make it 2 tomorrow and then 1 and so on! Keep the great videos coming!! I'm picking up a new Tesla later today!!❤
Oh….and FYI….we the American taxpayers are going to have to pay to bailout all these car companies when they fail….so one way or another we are going to pay…
In spite of what Steven thinks, subsidies and other incentives are a powerful weapon if you want to steer your industry into a certain direction. Exactly China is the proof of that. The green industry there didn't arise out of nowhere. China has been subsidizing and incentivizing it on a massive scale for years. This industrial policy has resulted in them being the world leader in solar, batteries and EV's. If it wasn't for Tesla, they would dominate the entire new energy industry sector. But Tesla is an anomaly and not something you can rely on to base your policies on.
New industries, facing head-on old established ones, do indeed need subsidies, or some other forms of protection... like parents protect a child. But when this child can start fending on his own, then this protection has a) achieved its purpose, and b) isn't needed anymore. Unfortunately, if that policy had been implemented, the trillions of subsidies and defense of the oil industry should have been discontinued some 70 or 80 years ago!
If you're in favor of such policy, then you're apparently of the belief that government officials know how to manipulate an economy better than the free market. That notion has been debunked many times over. It's the fatal conceit.
@@darylfoster7944 Has it been debunked? I gave an example how China has done it with the green industry and they do it for other sectors too. They have the results to show for. There are so many examples where government subsidies played a vital role. Chips evolved from government research. That doesn't mean it always works. Like other investments, you can do smart and dumb investments. But for instance China is doing it very successful.
@@darylfoster7944 I detect some church-like mentality. The church of conservatism has said so and so therefore it is the revered truth: the thinking stops and any evidence to the contrary is ignored . For example, the church has said climate change is hoax, so therefore it is the truth. That kind of religious thinking is alien to me, but it is of course wide spread. I am reminded of the Life of Brian scene where Brian tries to convince the crowd to think for themselves. A great scene. Unfortunately this is not what most people do.
Tax credits are people *not* having their money stolen, that otherwise would have. It's not a "Waste of tax victim's money". It's Tax victim's being victimized less.
The author of this video has it exactly backwards. The subsidies make the EV pie bigger. If you shrink the pie( this is exactly what Will happen )when the subsidies disappear. You're still going to have Ford and GM trying to get a piece of that pie. Unfortunately that pie is going to be smaller as The subsidies shrink or disappear. This is going to hurt Tesla more than Ford and GM, why??? Ford in GM have a small portion of the profits coming from the electric vehicles. Tesla has a 100% of their profit coming from electric vehicles. Shrinking the subsidies will help Ford in GM, more so Toyota and Honda the ones that are really killing it in the industry. Don't forget Tesla stock, it has a hundred plus PE ratio. That means in order to keep this stock even close to this price, the EV pie has to grow extremely fast. And Tesla must be getting most of the pie. Even if, Tesla is not a car company as most people want to believe. One thing is 100% a fact, Tesla is financed by its auto side. It cannot produce, new AI products unless somebody's financing it, and as of now it's finance through Auto sales
The example of the Internet fails to recognize that from the early days of e-commerce from 1992 until 2018, internet sales were mostly tax-free for about 26 years. That gave a severe advantage to companies like Amazon over their land based competitors of Wal-Mart etc. If that advantage hadn't existed, it is quite possible that e-commerce likely could have taken way longer. Similarly, Tesla was struggling during the Model 3 "Production Hell" and might not have made if it weren't for the existing subsidies. Likewise, China is providing massive subsidies to their EVs to undercut US companies, as well as making it very hard on US companies to compete in China. Yes, the US legacy automakers are "MOrOns" in their choices to not get with EVs sooner, but the US politicians choosing to attempt to keep things even with China sees well founded until China quits subsidizing as well. Subsidies should not become permanent. But they definitely serve their purpose to get society to shift away from the status quo.
The Internet Tax Freedom Act (ITFA) was first enacted on October 21, 1998². This law imposed a moratorium on state and local taxes on internet access and multiple or discriminatory taxes on electronic commerce². The initial moratorium was set for three years but was extended multiple times until it became permanent on February 24, 2016²⁴. So, internet access and certain internet transactions were largely tax-free for about 18 years before the law was made permanent²⁴. Source: Conversation with Copilot, 7/19/2024 (1) The Internet Tax Freedom Act and Federal Preemption - CRS Reports. crsreports.congress.gov/product/pdf/IF/IF11947. (2) Internet Tax Freedom Act - Wikipedia. en.wikipedia.org/wiki/Internet_Tax_Freedom_Act. (3) The Purpose and History of Income Taxes | St. Louis Fed. www.stlouisfed.org/open-vault/2018/march/purpose-history-federal-income-taxes. (4) Internet tax - Wikipedia. en.wikipedia.org/wiki/Internet_tax. (5) The Internet Tax Freedom Act: In Brief - CRS Reports. crsreports.congress.gov/product/pdf/R/R43772/13.
If Trump could unilaterally roll back EV credits, which I don't think he has the authority to do, then he should have been able to do the same to Obamacare.
SMR, are you telling us that Biden’s IRA incentives have not been more advantageous for Tesla than the Detroit 3? Had the IRA incentives been good for legacy auto, then all of brands wouldn’t have cut their EV production guidance in half.
The legacies cut production because the macro economic conditions are bad, not even incentives can help push EVs when consumers, with concerns about job prospects and record inflation, can't afford the interest rates on their loans. Even Tesla slowed its own production down due to these market conditions - yet they also noticed an impressive jump in sales when they briefly offered promotional %0 APR rates, further highlighting the root of the problem. Not crazy about Elon's political posturing, but in terms of rebates, yes Tesla benefited, but Tesla didn't need them, the legacies are the ones pushing for them, and originally they even tried to exclude Tesla from it with a UAW poison pill. I'm talking specifically on the EV rebate, the other aspects of the bill that promoted local battery refining/production may be useful, as we are woefully behind China on localizing these crucial areas of expertise.
Uh, legacy auto didn’t cut EV production in half because macro economic conditions are bad. It’s because they have not built compelling first generation EVs that anyone wants, and production costs are too high due to not increasing production enough (~500k units) to gain economies of scale to reduce costs, and they have not figured out how to inexpensively manufacture any EVs profitably. So, they are just cutting their losses in half. Tesla will still produce more EVs this year than last.
@@tomdrewenskus8167 That's certainly another factor, true. Allot of the legacy's offerings were/are not as competitive. But they were trying to make up for it by selling some at a big loss, I guess when the economy doesn't look as good that becomes a bigger problem, because their ICE sales were down for similar reasons, so not as good at subsidizing their loss leaders.
@@AllanSustainabilityFan Sorry.... But it was simply a case of "When you're in a hole...... And you're still digging..... STOP DIGGING". Every "Shovel" (vehicle) put them deeper into the hole. Eventually they had to say "Until the new factories, producing purpose built, 2nd gen vehicles are ready, we're just making the hole deeper. (Their other problem? It can EASILY go the same way with the ICE vehicles) . Tesla had "Headroom" They could pull various levers. Do you understand yet why the "headcount" changed? What about the announced "more affordable vehicle", essentially hybrid between (probably, imo) Model 3 and Gen 3 Systems to reduce the price and test the systems (genius) . BOTH steps were "recession proofing" the company. Why? Because they could (can) do it...... Proactively.
The only problem I see is that FSD and robotics is the exact opposite of creating jobs and that trump could be against it to protect amaricans from it in the short term. On the other hand it would be a great leap for the american economy so in the long term I guess that won't be a problem
None of the incentives or subsidies should have ever been implemented. Big mistake. The free market should rule, let the people choose. Tesla would have done just fine in that environment.
Your thoughts on subsidizing EV sales... I think, in general, it's correct. However, I'm probably an outlier so I can't draw too much on my experience. That is, I bought my Tesla Model Y because of the huge price drop in 1Q2023 and the EV $7,500 credit in place. I've never bought a new car and I'm 44 years old. So, while I think the tax credits aren't needed, I think given that the governments around the world are putting in laws to ban ICE sales, it's necessary in order to incentivize those who have or may never buy a new car, to consider it.
My prediction is, out of empathy to the auto industry as a whole, Tesla will licence the entire drivetrain, batteries, fsd, to legacy automotive, so the manufacturers can leapfrog the technology curve they are so far behind on, & save so many legacy automotive & supply chain jobs worldwide, while Tesla focuses on robotaxi, & licensing profits, Ai, optimis, while megapack & energy takes off, no longer making Tesla cars a nessescary part of the profit center. The cars were simply how to fund energy, solar, ai, space X, optimis, all of which can support themselves.
@@michaelfagan9620 Yeah, I indeed heard Trump claiming drill, drill, drill! But I ALSO heard him say he loves EVs and loves Musk. So, is he lying (yet again)? or will his administration find a middle ground... hopefully the RIGHT middle ground? But incentivizing ICE vehicles will, at term, just kill the US auto industry for good, as the rest of the world will keep progressing with better and better, cheaper and cheaper EVs!
CONGRADULATIONS! TESLA I WISH I COULD COME OUT OF BOOTCAMP FIT AND STRONG AND GET A TESLA AND GET 6K BACK IF THAT DEAL IS STILL IN PLACE! WOW! KEEP UP THE GOOD WORK~
Financial aid for college is a subsidies and has made tuition skyrocket where it is no longer affordable. Subsidies do the opposite of what people want.
China disagrees. FANTASTIC "subsidised education" Take 20 MIT bleeding edge research papers at random and look at the authors.. I bet there's a disproportionate number of Chinese Students (and they DO pay full price)
@@1101TV so you want government price controls, to counteract the government subsidies? In other words, make a bad idea worse. Many of the people going to college don't belong there. They went because there was money available. The government created artificial demand. Community college is not very expensive. People can attend part time while working.
Subsidising did matter. As you correctly stated, not for the rich consumers buying an EV, but to reduce the flow of manufacturing TO china… People didn’t get the incentives if those were made in EU or China or Korea. Giving people a choice sounds nice, but giving corporate greedy short-sighted CEO’s the possibility to move 100% of production to China, was , hindsight, no such a strategically bright move. Just for a fist full of dollars, while they couldn’t hold even more.
It was a huge boon when Chinese workers were making $3k a year. Eventually Chinese wages sort of catch up with U.S. wages, and there's no benefit anymore. It wasn't short sighted. They got decades of cost savings from manufacturing in China.
@@darylfoster7944 I mean, by moving too much of production to china, we became too dependent on them. Some production is understandable, but not all (in some branches, like medications)
