this post was submitted on 01 May 2024
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[Dormant] Electric Vehicles

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cross-posted from: https://lemmy.ml/post/15089465

Americans Are Open To Cheap Chinese Cars. That’s 'Scary' For The Rest Of The Auto Industry

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[–] [email protected] 47 points 7 months ago (2 children)

The US government can do the same, and they do bailouts for companies often too. Isn't that also meddling in the free market? Why didn't the US government incentivize EV then?

[–] [email protected] 5 points 7 months ago

Pretty sure that’s a core part of Tesla’s growth model.

[–] AA5B 3 points 7 months ago

One of the ways they have are through CAFE credits - incentives for higher fuel efficiency and electric vehicles, since at least 2012. However the credits are tradeable, so legacy manufacturers instead bought credits from Tesla, and other EV manufacturers