Everyone you meet is fighting a battle you know nothing about. Be kind, always.--Robin Williams
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Did the U.S. admit they have sabotaged Nord Stream 2?
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How big a climate disaster was the explosion of Nord Stream 2?
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There are illegal immigrant activists.
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China and EVs
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China and EVs
The island of unintended consequences is becoming a continent. The growth is so big and unreasonable that one becomes suspicious that 'unintended' is appropriate.
This is from Forbes at an EV conference:
China’s carmakers will take a 12–15 percent market share in Western Europe by 2025. To date, a key selling point for Chinese EVs has been a cheaper sticker price, an advantage reinforced by the fact that European EV manufacturers have targeted a more upmarket segment, in part perhaps because (at a guess) they have not yet mastered the ability to make cheaper models at the margins they need. But the prospect that China will also be aiming at the higher-end market should worry the German auto sector. As a reminder, the German auto sector is the backbone of Germany’s vital industrial sector, much of which is dependent on exports. The largest market for German auto-sector exports is China. How long will that last?
The EU charges a 10 percent tariff on Chinese car imports, while China imposes duties between 15–25 percent on autos headed east. He wonders how long that regime will continue. Meanwhile, the U.S. imposes tariffs of 25 percent.
In short, by forcing this switch to EVs, the West (and Europe in particular) is not only throwing away its longstanding lead in auto manufacturing but handing a great chunk of that market to s geopolitical rival. Even by the dismal standards of central planning, this is remarkably stupid.
This is from Forbes at an EV conference:
China’s carmakers will take a 12–15 percent market share in Western Europe by 2025. To date, a key selling point for Chinese EVs has been a cheaper sticker price, an advantage reinforced by the fact that European EV manufacturers have targeted a more upmarket segment, in part perhaps because (at a guess) they have not yet mastered the ability to make cheaper models at the margins they need. But the prospect that China will also be aiming at the higher-end market should worry the German auto sector. As a reminder, the German auto sector is the backbone of Germany’s vital industrial sector, much of which is dependent on exports. The largest market for German auto-sector exports is China. How long will that last?
The EU charges a 10 percent tariff on Chinese car imports, while China imposes duties between 15–25 percent on autos headed east. He wonders how long that regime will continue. Meanwhile, the U.S. imposes tariffs of 25 percent.
In short, by forcing this switch to EVs, the West (and Europe in particular) is not only throwing away its longstanding lead in auto manufacturing but handing a great chunk of that market to s geopolitical rival. Even by the dismal standards of central planning, this is remarkably stupid.
1 comment:
I Love the your reference to
The land of unintended consequences
Great Idea
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