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The $25k car is going extinct?

(media.hubspot.com)
319 points pseudolus | 2 comments | | HN request time: 0.426s | source
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1970-01-01 ◴[] No.44422276[source]
Completely unmentioned: Chinese EVs are $10k worldwide except USA.

https://gmauthority.com/blog/2024/08/2025-byd-seagull-ev-sta...

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reliabilityguy ◴[] No.44422696[source]
They are subsidized by Chinese government like the Toyota in the 70s by the Japanese.
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kube-system ◴[] No.44423212[source]
as are US automakers.
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1. reliabilityguy ◴[] No.44425006[source]
Can you provide any info on that? I’m curious.
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2. kube-system ◴[] No.44425376[source]
They actually receive some of the highest subsidies of any companies in the US.

Some examples include:

* Politicians often give automakers often receive state and local tax breaks in exchange for constructing plants in their jurisdictions

* Federal grants and incentives for clean energy initiatives

* The infamous 2008 bailouts, where for example, the US Treasury bought enough GM shares that they became the controlling shareholder, effectively nationalizing the automaker.