The $25k car is going extinct?

Car manufacturers that cannot build affordable cars are going extinct. 12000$ for a new electric car in China. That is the real competition.

I don't care about the prestige of owning a car, it is a utility for me that will never be worth 60000$. You can pay me 500000$ yearly and I would reconsider.

> 12000$ for a new electric car in China. That is the real competition.

And then people cry when their entire industry is moved overseas...

I get that they dump loans and the government allows for subsidies. But on the other hand car manufacturers already outsourced everything they could to other countries for larger profit margins anyway.

They act no different than companies like Apple or Google. So at least as a customer I need to profit from that too, I have no interest of paying large margins for nothing.

Why should only companies profit from cheap labor?

The problem is that on the long run you lose the knowledge to produce physical goods locally, all it takes is a few years and once it's gone it's extremely hard to build it back.

The other problem is that if there is a war, a pandemic or anything impacting production and/or deliveries your country is now alone. If 80% of your economy is based on tourism and other services but what you now need are cars, masks or weapon parts you're in for a bad time

> I get that they dump loans and the government allows for subsidies.

It's the same in the US/EU, all these companies would have died long ago if they were not propped up now and then

I wouldn't advocate outsourcing labor to cheaper countries. That this is how it ends was predictable for the automotive industry, so I don't really feel sympathy if they cry now.

As a consumer I just want to have the cheap prices now too because outsourcing is a fait acompli.