Read as: The only way they can compete with Chinese vehicles is 100% tariff
Well yeah. The companies are state subsidized and a good bit of the tech is stolen from electric car companies in other countries that actually have to pay for R&D.
So Musk doesn't get any tax incentives and write offs?
Not at the same level, no. And we frankly shouldn't be doing that either.
US automakers have expressed that they are fine economically making expensive cars for rich people. of course that is after 80 years of lobbying to under cut public transit and trains.
Read as: The only way they can compete with Chinese vehicles is 100% tariff
Well yeah. The companies are state subsidized and a good bit of the tech is stolen from electric car companies in other countries that actually have to pay for R&D.
So Musk doesn't get any tax incentives and write offs?
Not at the same level, no. And we frankly shouldn't be doing that either.
https://www.businessinsider.com/elon-musk-list-government-subsidies-tesla-billions-spacex-solarcity-2021-12
Plus the US government trying to stage a coup in Bolivia to secure cheap lithium supplies: https://www.theguardian.com/books/2023/nov/25/we-will-coup-whoever-we-want-the-unbearable-hubris-of-musk-and-the-billionaire-tech-bros
that is the same myth that big pharma explains why Americans pay so much more for medicine.
https://newrepublic.com/article/153864/innovation-drug-price-myth
US automakers have expressed that they are fine economically making expensive cars for rich people. of course that is after 80 years of lobbying to under cut public transit and trains.
True, but far less than American manufacturers.