…#Vance’s theory is that by shifting the #AutoIndustry toward #EVs, the #UnitedStates is going to send significant amounts of money & jobs to China.
But this claim ignores what is actually in the #IRA. The #law was intended to help the US catch up w/ #China before Beijing completely takes over the #EV market. The Chinese government has given huge subsidies to the EV industry in a quest to dominate it.
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Nonilex (nonilex@masto.ai)'s status on Tuesday, 13-Aug-2024 01:54:50 JSTNonilex