New Energy Vehicles (NEVs) in China

henrik said:

Subsidy should only be provided to new energy vehicles, and especially non-Japanese brands.

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you can't issue subsidies that says "only non-Japanese brands". NEV subsidies are fine. They've had them for a long time, but all that does is just giving manufacturers more room to cut prices. At some point, you have to let noncompetitive companies fail.

As much I want a shakeout in the auto industry, I don't think the Chinese government is ready for demise of so many traditional and EV automakers at a time that the economy is still in the recovery phrase. For regional government to subsidy local brands, it has greatly distorted the market.

henrik said:

Subsidy should only be provided to new energy vehicles, and especially non-Japanese brands.

Click to expand...

Policy is already moving people to NEVs regardless of maker. At some point you have to let markets forces takeover.

China has a lot more car companies than available in most countries. I know the regional governments won't like it, but consolidation was bound to happen, especially after they opened up the market to external competition. The government will have to help ensure the transition is as smooth as possible for the workers involved. At least BYD decided to expand its fabrication facilities to other locations in China, if more companies do that, then some job losses in the overall sector might be mitigated.

Funny to see so many advocate for policies that have created a mediocre auto industry in United States.

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